Michael Howard, David Cameron’s predecessor as leader of the Conservative Party, is to meet officials from the Serious Fraud Office in connection with a criminal investigation into Soma Oil and Gas, the company for which he acts as non-executive chairman. The SFO launched its investigation last week. On Monday it emerged the basis for the...
Djibouti: The Horn of Africa nation of Djibouti has launched the maiden flight of its national airline – a company managed by Iron Maidan lead singer Bruce Dickinson, officials said today. Air Djibouti, which went bankrupt in 2002, relaunched flights on Monday, with a cargo plane carrying six tonnes from Djibouti to Somalia, to Hargeisa,...
Written by KENNEDY KANGETHE NAIROBI, Kenya – Kenya is set to leverage on the new flights between Guangzhou and Nairobi launched by the China Southern Airlines (CZ) to market the country as an investment, trade and tourism destination. Kenya Tourism Board (KTB) Managing Director Muriithi Ndegwa says the flights launched on Wednesday will see increased...
The last International Monetary Fund (IMF) mission to Somalia was sighted in November 1989, when it tackled a contraction in growth rate of -1.5%. This time round the report card has been quite encouraging, with 3.7% growth returned last year, with a slight dip to 2.7% projected for this year. It is a story of huge progress, and could be even better:...
By Mating Stevis Investments focused on fostering social or environmental goals are playing an increasing role in East Africa, which a new report says is a global center for so-called impact investing. Nearly $10 billion in impact-investment funds have flowed into East Africa, the report, produced by the U.K. Department for International Development (DFID), the...
By PETER BAKER ADDIS ABABA, Ethiopia — Without ever quite saying so explicitly, President Obama used his four-day trip to Africa to suggest that the United States offers an alternative to China’s aggressive courtship of the continent. At a time when China has surpassed the United States as a trading partner and left its mark throughout Africa,...
By Sophie Mongalvy In a four-story building on the fringe of Kenya’s capital, “Ninjas” and “Pirates” are working on finding solutions to problems. Problems like traffic jams, which sometimes get so bad in Nairobi that residents jokingly refer to them as free parking. The young tech entrepreneurs, laptops plastered in stickers, dress casually and sit...
Nairobi (AFP) – Only one percent of Kenyan government spending can be properly accounted for, according to a report by the country’s auditor-general released just days after US President Barack Obama warned corruption was holding the country back. Auditor-General Edward Ouko’s annual report, presented to parliament on Tuesday, said that just 1.2 percent of Kenya’s...
NAIROBI, Kenya (AP) — Seven lions that were transported from South Africa to Rwanda have been released into a wildlife park after weeks of quarantine, another step in a plan to restore the country’s lion population after it was wiped out following Rwanda’s 1994 genocide, the park’s managers said Tuesday. The lions left an enclosure...
Cape Town – Aligning itself with Brazil, Russia, India, and China had positioned South Africa and the African continent in a position to structure their own futures, said Brics Business Council member Dr Iqbal Surve. “We are now in a position to structure our own future and be the master of our own destiny,” he...