By Henok Reta The United Arab Emirate (UAE) -based Gulf Pharmaceutical Industries a.k.a. Julphar announced that it would build the continent’s largest injectable medicine producing facility in Ethiopia with an investment outlay of USD 50 million. Hassan Jibreel (Eng.), senior director of corporate development for the company, told The Reporter last Wednesday that Julphar has...
Jon Jensen and Alex Court, (CNN) – Demand for South African food is booming in an unlikely place: the United Arab Emirates. Sizzling in the kitchen at the Abu Dhabi-based restaurant “The Meat Company,” there’s only one specialty — and the key is in the name. T-bones or Rib-Eye, flame grilled or triple-basted, this is...
BY UNCTAD Introduction Africa has experienced high and continuous economic growth in the past decade, prompting analysts to argue that the continent has reached a turning point in its development history and is poised to play a more significant role in the global economy in the twenty-first century. The average annual growth rate of real...
By Chantal Uwimana Once again, the Corruption Perceptions Index results are not fundamentally different from previous years: the majority of African countries still have a score of less than 50 per cent, which in our view depicts a situation of endemic corruption. In a continent with high level of economic growth rates (compared to many...
By Katie Benner The global groundswell against Uber is, on its face, a futile fight because Uber has a huge war chest it can use to beat back legal challenges around the world. If the goal is to get rid of all companies offering Uber–like apps and service, well, that moment has passed, too. Consumers...
Paul Taylor , SAP When Vasco da Gama, the 15th century Portuguese explorer, landed in Kenya searching for a sea route from Europe to India, he found Chinese traders who had arrived in Malindi earlier that century following a series of expeditions sponsored by the Ming dynasty. Today, five centuries later, as Western companies wake up to...
By Fasika Tadesse The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks ago to hire an international consultancy firm to conduct a feasibility study for the printing plant on the state owned daily newspaper,...
Corruption is one of the most serious challenges of our time. Nearly all of us are victims of corruption: whether we are poor and cannot afford to pay a bribe for basic services or taxpayers whose hard-earned money gets misappropriated. Victims of wars and conflict, voters whose democratic rights are stolen by money politics or...
BBC News- The chaos and conflict that once consumed the port of Mogadishu are now gone and a few foreign investors are starting to move into Somalia. Turkey is leading the way – but why is there such a strong bond between these two countries? Where once rival militias battled for control of these docks,...
Addis Ababa ( The Reporter) – Ethiopia is the second most populous country in Africa with a population of around 90 million. Besides being an ancient country with over 3000 years of recorded history behind it, Ethiopia is also the cradle of the human race. Some 2,500 km to the north-east of Ethiopia is a...