KIGALI Rwanda (Xinhua) — The African Union Commission (AUC) has urged African leaders and policy makers to speed up the Continental Free Trade Area (CFTA) negotiations and meet the 2017 deadline. Fatima Haram Acyl, AU Commissioner for trade and industry, made the call on Thursday during the ongoing 27th African Union (AU) Summit in Rwanda’s...
By Rick Rowden The research department of the International Monetary Fund dropped a political bombshell last month. The furor was set off by the publication of an article — “Neoliberalism: Oversold?” — that sparked a near-panic among advocates of free market policies and celebrations among their critics. The piece concluded that, over the past 30...
BY AARON MAASHO Ethiopian Airlines Chief Executive Officer Tewolde Gebremariam speaks during an interview with Reuters in his office in Ethiopia’s capital Addis Ababa August 18, 2015. REUTERS/TIKSA NEGERI TOULOUSE, FRANCE, Ethiopian Airlines is weighing whether to expand its fleet with the 366-seat Airbus A350-1000 or the latest version of the 777 long-haul jet built by...
Nairobi- In 2014, the Kenya’s gross domestic product (GDP) was standing at 60.94 Billion USD based on the exchange rate on December 31, 2014. In 2006, slightly less than a decade ago, the GDP stood at 25.83 Billion USD. While the obvious contributors to the fastest growth of Kenya’s GDP would be attributed to macro...
By Henry Johnson For the first time in modern history, Asian millionaires are raking in significantly more dough than the super-rich of Europe and North America — and will keep on getting richer. They have become wealthier and more numerous than their peers in the West, according to a report released Thursday by management consulting...
GREG MILLS Photo: A plane spotter takes a picture of Ethiopian Airlines 787 Dreamliner on approach to runway 3 at Arlanda airport north of Stockholm, Sweden, 20 September 20, 2012. Ethiopian was the first carrier in Africa to operate the 787 and has 10 of the type on order. EPA/JOHAN NILSSON The modest headquarters of...
By JAMES KARIUKI The tremendous success of M-Pesa in Kenya is influencing consumers and businesses in other African countries to adopt mobile money, a survey has said. The study titled Mobile Payment Transaction Market, which looks at the text-based payment mode, Near Field Communication (NFC) and web-based payments, says Kenya’s M-Pesa is popular since any...
Ethiopian Airlines, a major airline connecting Africa with the rest of the World, continued its aviation technology leadership with yet another first African Airbus A350 XWB. In its 70-year history, Ethiopian claims many firsts in the African aviation industry. The A-350 XWB will be the first airbus aircraft in Ethiopian fleet and the first of...
By Neal St. Anthony , Star Tribune Afro Deli, the signature commercial business in the 7-year-old African Development Center (ADC) on the West Bank, likely will close by June 30 due to a dispute between Afro Deli’s owner and the chief executive of ADC. Abdirahman Kahin, owner of Afro Deli said he has no choice...
PROF. DR. WOLFGANG H. THOME One of Ethiopian Airlines’ ventures, their aviation academy at the Bole International Airport in Addis Ababa, added its own excitement to the 70th anniversary of the airline when 347 students from various courses graduated, now able to join the aviation industry in Africa. Ethiopian Airlines Aviation Academy (EAA), recognized as...