Category: Market Bazaar

(Reuters) – Eighty percent of sub-Saharan Africa’s 800 million people should have access to mobile telephones by the end of the decade, double the current rate, although government help is needed to reach far-flung areas, industry body group GSMA said on Wednesday. The growth of mobile data – an even more powerful economic tool than...

Africa is growing faster than any other continent. It has a middle class which is set to triple in size by 2030. Private equity investment deals reached $8.1 billion last year, with investors betting on financial services, consumer goods and property. Diversification of investment activity from extractives holds promise for higher job creation and broader based growth....

By Linus Wamanya The clock is ticking who will be the first to grab first trip to Los Angeles? Ethiopian Airlines will begin 3x weekly Boeing 787-8 flights between Addis Ababa and Los Angeles as of June 2015. The flight will operate westbound on Sundays, Wednesdays, and Fridays, and eastbound on Mondays, Thursdays, and Saturdays. The...

Google has unveiled Android Pay, which will enable MasterCard credit, debit, prepaid and small business cardholders to use their Android phones for everyday purchases in-store and within Android apps. This provides MasterCard cardholders with more options for paying on the go using their choice of mobile device. Google Director for Product Management says Android Pay...

By James Karuhanga Rwanda is participating at the China Guilin International Tourism Expo as it looks to tap into China’s huge tourism market. The three-day expo which begun Friday is taking place at the Guilin International Conference and Exhibition Center in Guangxi, China, and a Rwandan delegation has erected a stand to showcase its products....

By Emma Thomson I hadn’t expected to feel like a movie star. But as our 4×4 manoeuvres past hulking boulders of black volcanic rock as big as cars, I half expect to see Anne Hathaway strolling around the corner in her Interstellar spacesuit, or Bruce Willis drilling away, as he does in Armageddon. So, can’t...

Dr.Arun Korath The number of dollar millionaires rose from 10 million in 2009 to 13.7 million in 2013. Since the financial crisis, the ranks of the world’s billionaires has more than doubled, swelling to 1,645 people. At the start of 2014 the richest 85 people on the planet owned as much as the poorest half...

The new airline, established by the Government of Djibouti to support the development of the country as a regional hub for commercial  and logistics services, has confirmed that it will commence cargo operations later this year and add passenger services in 2016. The airline has already secured aircraft for the launch of its cargo operations...