By Collins Mwai The inaugural Transform Africa Summit in 2013 saw participating countries launch a smart Africa manifesto that sought to put information and communication technology (ICT) at the centre of their socio-economic transformation. Nine African states represented at the summit and ICT partners such as International Telecommunications Union (ITU) and AU Commission began implementing...
Low-cost manufacturing is shifting from China to Ethiopia, lured by cheap electricity and labour costs that are a tenth of China’s. Ethiopia is building a name for producing clothes, shoes and other basic goods, while also tackling transport bottlenecks. Trade and Industry minister Tadesse Haile says he wants Ethiopia to export $1.5 billion of textiles...
ADDIS ABABA, (BERNAMA-NNN- ENA) — The European Union (EU) has revealed its growing engagement with Ethiopia in diverse fields of development at a media forum organised by the EU Delegation to Ethiopia here Tuesday to share the progress in exchanges over the past 40 years. The EU and Ethiopia are marking the 40th anniversary of...
MOGADISHU, The ancient Arab market in Mogadishu, Hamarweyne, is bustling with activities as city residents flock there on Saturday afternoon for all manner of goods. Made-in-China brands, which stand out in this market are dotting every corner of the market, signaling changing times in Somalia as the country looks to the world’s second largest economy...
By Ilya Gridneff Somalia opposes a moratorium on oil deals that’s being discussed at the United Nations as a way of stabilizing one of the world’s most fragile states, Finance Minister Mohamed Adan said. A new UN Monitoring Group report on Somalia, to be released in mid-October, will repeat a recommendation first made in 2013...
By Ilya Gridneff Soma Oil and Gas Holdings Ltd., the U.K.-based explorer under investigation by the Serious Fraud Office, asked the British government to help block a United Nations proposal that a moratorium be placed on oil deals in Somalia. Soma, whose chairman, Michael Howard, is the former leader of the U.K.’s ruling Conservative Party,...
By Paul Burkhardt Ethiopia and Djibouti signed an agreement for a $1.55 billion fuel pipeline with developers Mining, Oil & Gas Services and Blackstone Group LP-backed Black Rhino Group. The two countries in the Horn of Africa signed framework agreements on Tuesday for construction of the 550-kilometer (340-mile) line to transport diesel, gasoline and jet...
By AMY FORLITI, Associated Press MINNEAPOLIS- At dinners with imams, meetings with youth and even large community forums, Minnesota’s U.S. attorney kept asking members of the state’s Somali community the same question: What could he do to stop terrorist recruiting that had already lured dozens of young men and women overseas? Andy Luger listened for...
By Emmanuel Odunmorayo China recently endorsed a new deal with the Kenyan government to extend the Mombasa-Nairobi Standard Gauge Railway (SGR) line to Naivasha. This was a follow-up to the $13.8 billion project that started in January, which is aimed at easing and increasing transport capacity in Kenya vis-a-vis other East African countries. It will...
By Fridah Mochama The Central Bank of Kenya (CBK) has declared that it would finally implement the constitution by introducing new currency designs that would bear no portraits or images of individuals. The bank is set to divulge more details of the new currency come next week at a press conference on the matter. “There...