As India plans big for the India Africa Forum Summit in October, inviting all the 54 countries for the first time to its soil, it has reached out in many small but important ways to several of the countries for capacity building, not the least being helping Rwanda make optimal use of its aromatic plants....
by: Afia Owusu-Nyantakyi Addis Ababa- Ethiopian Airlines has announced the commencement of mobile payment for online ticket purchases in Ethiopia. The new service is powered by the payment service provider, FloCash and was made possible through the cooperation of the Commercial Bank of Ethiopia (CBE). The service will be available to customers in Ethiopia and...
Investment in African megaprojects was up 46% to $326-billion (R3.95-trillion) last year, led by increases in investment in energy and power, according to Deloitte’s latest African construction report. To be included in the report, the project’s value had to be more than $50-million and to have started by June 1 2014. Southern Africa led construction...
By Robert Sauers With more than 500 billion cups consumed annually, coffee is the most popular beverage in the world. In the United States alone, an estimated 150 million people drink an average of 3.1 cups of coffee per day. Even though the United States is the world’s largest buyer—accounting for almost 25 percent of...
NAIROBI | By Edith Honan (Reuters) – Kenya’s anti-graft watchdog published a report detailing corruption allegations against 175 government officials on Tuesday, with some cases involving multi-billion-dollar Chinese-backed infrastructure projects. Five ministers have already left their positions temporarily after President Uhuru Kenyatta made a speech last Thursday in which he directed any public official cited...
By Simon Clark WSJ ADDIS ABABA, Ethiopia—A generation ago, this African nation was a magnet for Western charity. Today, some of America’s richest deal makers are delivering something new: investment. A number of high-profile investors have recently shown up here. KKR & Co., the New York-based private-equity firm, last summer bought control of a rose...
By Chima Akwaja Lagos Business School (LBS) has signed a partnership agreement with leading African business schools from four other major countries to share resources, expertise and research to give a much-needed boost to entrepreneurship, job creation and economic development on the continent. The other four participating business schools are the University of Cape Town...
Editor’s note: The economic growth and the rise of income levels in Africa has created a growing and strong middle class with global trade and investment opportunities. East Africa is currently the regional leader in terms of GDP growth, coupled with growth in population calls for increasing demand in air travel. Various international airlines such as Turkish...
By: Elias Meseret, The Associated Press ADDIS ABABA, Ethiopia – Ethiopia’s planned new airport on the outskirts of the capital is still years from becoming a reality but Tewodros Dawit can already envision how grand it will look. “The airport we are planning to build is going to be huge. Very huge,” Tewodros said one...
(Bloomberg) — Ethiopian Airlines Enterprise, East Africa’s biggest carrier by revenue, is considering proposals to help set up national airlines in Nigeria and three other countries to expand its operations on the continent. The state-owned company, which has stakes in Malawian Airlines and ASKY Airlines of Togo, has been approached by the Nigerian government about...