The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund. The political and economic situation in Somalia in the last two decades has severely affected all sectors in the country, including infrastructure. The devastating civil war that lasted for more than 25 years led...
Category: Market Bazaar
Ethiopia-Djibouti Railway signals new era of Chinese aid in infrastructure construction
By Zhu Xiaolei Addis Abab (Xanhua) – The Chinese-built and -financed Ethiopia-Djibouti Railway, the first electrified railway in Africa, is expected to enter full commercial operations at the end of this year. The railway has fully adopted Chinese standard and is regarded as a “game changer” for regional development. From the steward’s uniforms to the...
Panama Papers reveal Africa losing billions to corruption and bribery
By Theophilous Chiviru In April the Panama-based law firm, Mossack Fonesca, made international headlines after thousands of its clients’ confidential documents were made public. Recently, another release of the Panama Papers by the International Consortium of Investigative Journalists revealed a scandal involving officials from the Algerian government and an Italian energy company, Saipem. The leaked documents allege the...
Ethiopian Wins the Rising Star Carrier of the Year Award
By GNA Reporter Accra, GNA – Ethiopian Airlines, the fastest growing and the largest Cargo operator in Africa, has won the Rising Star Carrier of the Year Award, for the second year in a row, at the 5th Payload Asia Awards 2016 held in Hong Kong. Payload Asia 2016 honours the very best in the...
Emirates says may cut Africa flights because of economic challenges
DUBAI (Reuters) – Emirates airline could reduce the frequency of its flights to African cities or cut routes completely if current economic and financial challenges on the continent continue, President Tim Clark told reporters on Tuesday. Foreign airlines flying to Nigeria have started to refuel abroad because jet fuel supplies there have become more expensive...
Merck Launches Regional Hub in Côte d’Ivoire
The German science and technology company donated 2 minilabs to Côte d’Ivoire supporting their fight against counterfeit medicines. Merck, a leading science and technology company, today announced the opening of its affiliate office in Abidjan, Côte d’Ivoire, which will serve as the regional hub for the company’s operations in French-speaking Central and West African countries....
Ethiopian Airlines commences services to Dembi-Dolo and Kebri-Dahar
Ethiopian Airlines announced that it commences thrice weekly services to Dembi-Dolo and Kebri-Dahar as of today the 14th October, 2016. Group CEO Mr. Tewolde GebreMariam said: “Air transport being an essential public service, Ethiopian Airlines has been discharging its national obligation of providing critical air connectivity options and thereby catalyzing the nation’s Growth and Transformation endeavor. Moreover,...
Kenya’s rural poor and illiterate create a sustainable economy
By Robert Manyara NYAMIRA (Xinhua) — If Shem Makori was living in one of the Kenyan cities, he would have probably been exposed to some investment ventures to establish a strong foundation for his future going by his hard work. But the village boy in his early twenties has spent most of his adolescent years...
DHL Express recognized as Top Employer in Africa for the third consecutive year
CAPE TOWN, South Africa — DHL Express the world’s leading international express services provider, has been certified as a Top Employer in Africa by the Top Employers Institute at the prestigious Top Employer 2017 ceremony on Thursday 13 October at the Sandton Convention Centre. The company was certified as a Top Employer in twelve markets,...
Government orders Kenya Airways pilots not to strike
By PATRICK LANG’AT The government on Thursday ordered a stop to a planned strike by Kenya Airways pilots, terming it an act of economic sabotage that could cost the airline up to Sh200 million a day. Transport Cabinet Secretary James Macharia said the strike will not only affect the airline’s turnaround strategy and a desperate...

