Addis Ababa- Ethiopia launches the construction of a 46-story building, the tallest in east Africa and second tallest structure in the continent, reports said on Saturday. The construction of the $200 million structure has officially been launched on Saturday and will serve as headquarters of the Commercial Bank of Ethiopia (CBE) which owns the building....
November 9, 2026
Category: Market Bazaar
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In to Africa: Dubai bids to become continent’s staging post
By Sean Cronin At the Chilly Willy factory in Dubai, the lorries roll in with giant drums of raw tomato paste from China and roll out with tiny sachets of the processed product bound for Africa. “It’s a 24-hour operation,” says director Iain Cusick as workers pack boxes destined for shops and restaurants from Mozambique...
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Oman Oil Trader Seeks U.S., Africa Footholds in Growth Push
By Anthony Dipaola Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a U.S. office to trade refined products and Latin American crude. Oman Trading International Ltd. intends to invest less than $50...
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Jobless youth in Northern Kenya a ‘time bomb’
BY STEPHEN ASTARIKO RISING unemployment among youths in Northern Kenya makes them a soft target for recruitment by gangs and terrorists, population experts have said. “If the challenges facing the youth are not addressed at an early stage, we could be staring at a time bomb,” area population coordinator Ken Luaki said on Monday. He...
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Ethiopia to widen choices over ports
By JOHN SAMBO ADDIS ABABA, Ethiopia – Ethiopia wants to reduce its dependency on the Port of Djibouti by developing links with Mombasa Port in Kenya, Berbera Port in Somaliland, and Port Sudan in Sudan. Presently, well over 90% of Ethiopia’s imports and exports pass through Djibouti Port at the mouth of the Red Sea....
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Facebook opens its first ad sales office in Africa
By Jillian D’Onfrou, Business insider Facebook just announced a big push to monetize its next billion users: It’s opening an ad sales office in Johannesburg, South Africa. Right now, Facebook has about 120 million active users in Africa. That’s a 20% increase from September 2014, but still only a small percentage of the more than...
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Somalia seeks Pak researchers’help to rehabilitate barren land
Karachi- Somalian scientists have requested their counterparts at Karachi University to assist them in the rehabilitation of barren and saline regions in their country. This was disclosed to the media by Professor Dr Bilquees Gull, the senior researcher associated with KU’s Institute of Sustainable Halophyte Utilization (ISHU), on Monday. She had recently returned after attending...
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US-Africa Trade Gets a Boost With Renewal of AGOA
The U.S. Congress has renewed a 15-year-old law that allows made-in-Africa goods to sail into the U.S. duty-free. That makes Africa the latest continent wrapped up in a spree of trade legislation clearing through Congress. The African Growth and Opportunity Act (AGOA), which had been due to expire at the end of September, gives sub-Saharan...
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Nairobi to get smart garbage collection system
By Ronald Owili Nairobi County will soon have a smart garbage collection system if a pilot project to help manage and optimize the County’s fleet of waste collection vehicles is successful. Scientists from IBM Research – Africa are currently fitting the vehicles with smart devices to help create a digital map of the condition of...
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The 10 Most Corrupt Countries in the World
By Sam Becker Corruption and economic turmoil often go hand-in-hand. In western nations like the United States and many European countries, we often see corruption come to light as the result of whistleblowers or journalistic efforts. But in many other areas of the world, however, corruption plays a major role in fostering staggering poverty and...