Category: Market Bazaar

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...

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...

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...

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...

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...

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...

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...

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,...