ADDIS ABABA, Ethiopia (EBC)―Israel-based tailored clothing manufacturer Bagir Group has shipped the first trouser exports from its new factory in Ethiopia – a move the company’s CEO has told just-style is a game-changer for the business. “We are the first to manufacture and export tailored garments from Ethiopia,” Eran Itzhak explains, adding that the company is currently making...
Category: Market Bazaar
Thousands of Kenyan single mothers, widows use mobile money to escape poverty
By Neha Wadekar NAIROBI (Thomson Reuters Foundation) – Almost 200,000 Kenyan households, many headed by poor, rural women, have lifted themselves out of poverty using mobile money services, experts said on Thursday, calling for the technology to be introduced in other developing countries. The impact was most dramatic among single mothers who used M-Pesa, a...
Djibouti sees economy growing 7 pct in 2017, up from 2016
By Abdourahim Arteh Djibouti’s President Ismail Omar Guelleh. REUTERS/Edmund Blair DJIBOUTI, Djibouti’s economy is expected to grow 7 percent in 2017 from a projected 6.5 percent this year, helped by investment in ports, telecommunications and airports, its budget minister said. Strategically located at the southern entrance to the Red Sea on the route to the...
Ethiopian Airlines to commence four weekly flights to Victoria Falls
ADDIS ABABA, Dec. 2 (Xinhua) — Ethiopian Airlines announced on Friday that it would start four weekly flights to Victoria Falls, site of one of the most spectacular waterfalls in the world, as of March 26, 2017, with the latest B737-800 New Generation with Sky Interior. Victoria Falls, one of the Seven Natural Wonders of...
Kenya Unemployment crisis: Thousands of workers left to drown as firms fight to stay afloat
By Dominic Omondi, Standard Digital There are thousands of seafarers lost in the treacherous deep-blue sea. These sailors are former Kenyan workers left to drown in the murky waters of unemployment. The captains of the ships they were sailing in, finding it difficult to surmount the raging storm, resolved to push them overboard so the...
Somalia’s young entrepreneurs are finding their way in the new global economy
Written by Abdi Latif Dahir, Quartz Africa After living and studying in several Asian countries for 7 years, Mohamed Abdilahi Dahir came back to Somalia without a plan on what to do next. When he started asking around for information about start-ups and investment, he couldn’t find anyone to guide him. To better understand the...
GE Launches ‘Garages’ Advanced Manufacturing Program in Lagos, Nigeria
LAGOS, Nigeria, — GE launches its first ever permanent ‘garages’ installation in Lagos, Nigeria. Leading Multinational, General Electric (GE) officially launched the permanent installation of the Lagos Garage, a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration. Co-located with the GE Lagos offices in Victoria Island, the Lagos Garage will offer a...
Despite Receiving Government Contracts This Private Company Refused to Hire Black Applicants
By Tanasia Kenney One of the nation’s largest private development groups is shelling out a hefty amount of cash after it was discovered that the company discriminated against over 100 Black job applicants in 2011. Chemonics International, a private aid-delivery group that partners with the U.S. Agency for International Development (USAID) to support international economic development,...
Largest mall in East and Central Africa to open doors in Kenya
In about 90 days, the largest mall in East and Central Africa will open its doors in Kenya. The highly touted Two Rivers Mall in Nairobi’s posh suburb of Runda is set to open its doors to the public in February 2017, Centum Group – the company undertaking the multimillion dollar venture – CEO James...
Ethiopia, Morocco team up to build $2.5bn fertiliser factory
The Ethiopian government has announced that it will partner with Moroccan phosphate producer OCP Group to build a $2.5bn fertiliser plant in the east of the country. According to local press reports in Morocco, an officer from the Ethiopian Institute of Chemical and Construction Development said the factory would be built over 100 acres near...