By Mohammed Taha Tewekel Addis Ababa, ETHIOPIA, A new railway line linking Ethiopia’s capital Addis Ababa to the port city and capital of Djibouti is set to be officially inaugurated next Wednesday with the attendance of Djiboutian President Ismail Omar Guelleh. “President Guelleh will arrive in Addis Ababa on Tuesday,” Ambassador Mohammed Idriss told Anadolu Agency...
October 7, 2026
Category: Market Bazaar
Post
Kenya, Uganda set to position East Africa as the next oil frontier
By BRIAN NGUGI, The East African The note based the findings on the discovery of several onshore deposits. They include the billion-barrel potential at Uganda’s Lake Albert and Kenya’s South Lokichar Basin. “While early-stage, with full development not expected until 2020 or later, accelerating drilling activity, resource delineation and project advancement will deliver a pipeline...
Post
With 66% unemployment, Mogadishu, Somalia is the world’s most fragile city
By Chris Weller Earlier this year, global security expert Robert Muggah released a report that outlined the most “fragile” cities in the world — basically, cities that were flirting with economic or physical collapse. Muggah ranked fragility based on a scale of 0-4, with 0 being rock-solid and 4 being extremely fragile. In total, 66...
Post
Giving wings to Africa’s regional integration
By Carlos Lopes As the world gets used to new forms of interconnectedness, Africa is not left aside. Today, more than 700 million Africans are subscribed to mobile services with many wealthy Africans proudly displaying more than one cell, a symbol of a newly acquired social status. The proliferation of mobile networks has transformed communications,...
Post
Kia Motors to assemble cars in Ethiopia, considers Algeria
Workers hang a banner for Kia Motors on the front of Cobo Center in advance of the North American International Auto show media. South Korea’s Kia Motors Corp will start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa. PHOTO | REBECCA COOK | REUTERS By Aaron Maasho South Korea’s Kia Motors...
Post
Air Travel: East Africa Rising
LONDON, United Kingdom — Analysis of International air travel to East Africa this year (January to August) by ForwardKeys, a company that predicts future travel patterns by crunching and analysing 14m booking transactions a day, reveals strong growth of 11.2% compared with the same period last year. This is an exceptional performance as growth for...
Post
Ethiopian won Reward Employer of Choice & Local Attractiveness Employer of Choice Awards
By Tatiana Rokou Ethiopian Airlines, the fastest growing and most profitable African airline, is pleased to announce that it has won two coveted awards in the first East Africa Careers in Africa Choice Awards, at a top tier event hosted by the Global Career Company, held on September 8th 2016 at the Luxurious 5 star...
Post
Africa: New United Nations Study: Digital payments could boost tax revenue
DAR ES SALAAM, Tanzania– A new study from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and citizens when digitizing payments. Many emerging economies are grappling with how to modernize their economies, improve transparency, drive sustainable growth and advance financial inclusion. This study on Tanzania’s digital payment initiatives...
Post
Djibouti Bets Big On Chinese Energy Demand
By Oxford Business Group Construction work is set to begin on a $4 billion liquefied natural gas (LNG) pipeline project, underscoring Djibouti’s efforts to strengthen its status as an energy trans-shipment hub for East Africa. Officially inaugurated in March, the project – which includes a 700-km pipeline from Ethiopia to Djibouti, an LNG plant and...
Post
A brief overview of Africa’s tech industry – and 7 predictions for its future
Written by Jake Bright As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role. Bolstering regional trends in business, investment and modernization is the emergence of an IT ecosystem – a growing patchwork of entrepreneurs, tech ventures and innovation centres coalescing from country to country....