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...
November 9, 2026
Category: Market Bazaar
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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....
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Ethiopian Airlines signs MoU with Addis Ababa University
PRESS RELEASE Addis Ababa- The MoU calls for, among other things, exploring and promoting cooperation between the two institutions with the view of conducting industrial projects and research and consulting on issues such as Internet Booking, Big Data Analytics, Customer Data Hub, Distributed Data Storage, Adaptive Crew Solution, Intelligent Warehouse. Mr. Tewolde GebreMariam, Group CEO...
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DP World to invest $440m in Somaliland port
The Dubai-based global ports operator DP World has entered an agreement to build and operate a multipurpose port at Berbera in the impoverished breakaway Republic of Somaliland. DP World will take a 65% stake in the project and the Somaliland government will own the rest. In return, DP World may invest up to $442m in...
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Africa: Facebook CEO visits Nairobi to see Kenyan Innovation in Action
LONDON, United Kingdom- Facebook CEO Mark Zuckerberg is visiting Kenya this week on his first trip to Africa, using his time in the country to visit the iHub technology hub in Nairobi, meet with developers and partners, and explore how the country’s pioneering mobile money ecosystem is evolving. is in Kenya to see how technology...
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Facebook CEO goes to Nigeria to witness Africa’s tech revolution
LONDON, United Kingdom- Facebook CEO Mark Zuckerberg is visiting Nigeria this week on his first trip to Africa, using his time in the country to visit the Yaba technology hub in Lagos, meet with developers and partners, and explore Nollywood. Zuckerberg is in Nigeria to listen and learn and take ideas back to California on...
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Untapped Intra-Regional Trade Opportunities Key to boosting African Economies
CAPE TOWN, South Africa, – Despite an average annual growth in exports of 8.5% since 2010, trade between African regions remains low when compared to other parts of the world, according to The Africa Economic Outlook Report 2016 (1). Intra-regional trade accounted for 16% of Africa’s total trade in 2014 – mainly stimulated by manufactured...
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Central Bank of Somalia: Where there’s smoke, there’s often fire
By Abdelkarim A. Haji Hassan Recently it was reported that one of Somalia’s Central Bank teller managed to steal $ 530,000. The Governor of the Bank, Mr. Bashir Essa, who assumed the Governor’s position in 2013, has confirmed the incident. The theft however, has raised many eye brows and have many asking and wondering how...
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Inside Africa’s largest aviation academy
By Earl Nurse, CNN (CNN) A fire rages in an airplane’s overhead compartment while alarmed passengers cough from the smoke filtering through the cabin. What happens next could be a matter of life and death. Fortunately, this is just a drill. But for the hopeful flight attendants of Ethiopian Airlines it’s a vital exercise in...
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Somalia hunts for fake-cash bank teller
BBC- A bank teller at Somalia’s central bank is on the run after allegedly stealing $530,000 (£402,000), the bank’s governor Bashir Issa Ali has said. Senior cashier Muhidin Mohamed Hassan was behind the scam to exchange US dollar notes with fake bills, he said. Police and security agencies were hunting for him and several other...