By Nelly Murungi Oxford Business Group’s (OBG) The Report: Kenya 2016 says that the rising urbanisation levels and and increased disposable income are likely to fuel growth in Kenya’s retail sector, and that this demand will drive the construction of floor space. According to the report, “Over the past five years the average value of consumer spending has risen...
October 7, 2026
Category: Market Bazaar
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Berbera port: UAE presence expands in Africa
By Awad Mustafa in Dubai The United Arab Emirates has signed an agreement to establish a second foreign military base in the Horn of Africa. The new base, according to the source present at the negotiations, will be established at the coastal city of Berbera in Somaliland and will be an air and naval base....
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36 Hours in Nairobi, Kenya
By JEFFREY GETTLEMAN Nairobi the capital of Kenya, calls itself the City in the Sun, and a visit can be as pleasant as that sounds. Most outsiders drop in for two reasons: business and animals. A short flight from spectacular wildlife parks such as the Maasai Mara, Nairobi has also become a magnet for some...
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Ethiopian airlines to spread its wings to Oslo
By CitiFMonline Ethiopian Airlines will commence scheduled five weekly flights to Oslo, Norway via Stockholm with the ultra – modern Boeing 787 Dreamliner effective March 26, 2017. Oslo is the capital, most populous city and governmental centre in Norway, a hub to the Norwegian trade, banking, industry and shipping. Group CEO Ethiopian Airlines, Mr. Tewolde...
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Governments pledge $75 billion to World Bank’s poorest countries fund
By David Lawder | WASHINGTON WASHINGTON The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank’s fund for the poorest countries. The replenishment will enable IDA to scale up development interventions to tackle conflict,...
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African Development Bank lends $159 mln to Ethiopian Airlines
Ethiopian Airlines will get a $159 million loan from the African Development Bank to help finance an expansion plan that includes doubling the size of its fleet and increasing its revenue to $10 billion over the next decade. The state-owned carrier has around 80 planes, including Boeing 787 Dreamliners and Airbus A350-900 jets, and has...
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East Africa the new Caribbean? The tourism case for promoting regions
By Helen Sullivan It may be time to stop reminding your American friends that Africa is not a country – tell them it’s a series of regions. According to a new report by the World Bank, The Unexplored Potential of Trade in Services in Africa, the key to boosting tourism on the continent could be to actively...
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Turkish Airlines launches its direct services to Zanzibar
Ankara, Turkey, (WAPA) – Turkish Airlines has launched yesterday its direct flights between Istanbul and Zanzibar. Following this addition, the airline will now be flying to 293 destinations worldwide; 50 of which are in Africa. These include the east African city hubs of Dar es Salaam, Kilimanjaro, Nairobi, Mogadishu, Djibouti, Asmara, Addis Ababa, Kigali, Entebbe...
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Atkins establishes foothold in Africa with acquisition of East Africa-based multidisciplinary consultancy
By Paul Shepherd-Smith Atkins announces the acquisition of Howard Humphreys East Africa Limited Group, a multidisciplinary consultancy based in Kenya and Tanzania, which employs around 200 people. This move marks a significant step for Atkins providing a geographic expansion into the Africa market as a locally-based company. We expect the transaction to complete in approximately...
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Mobile money access lifted two percent of Kenyan households out of poverty: study
By Rob Matheson, Phys.org Since 2008, MIT economist Tavneet Suri has studied the financial and social impacts of Kenyan mobile-money services, which allow users to store and exchange monetary values via mobile phone. Her work has shown that these services have helped Kenyans save more money and weather financial storms, among other benefits. Now, Suri...