Category: Markets
Ethiopia: Fake Silver Cattle Arrested by Police in Amhara Region
Amhara (HAN) December 21, 2020. Regional Cattle market and Exchange market. Buyers who bought cattle with fake Ethiopian currency (Bir) are arrested by police in Amhara region. Oromo people zone in Jile Tumuga district, Senbete market, 200 Birr 37,800 (thirty seven thousand eight hundred thousand) false notes. The police have given a suggestion to the…
Kenya To Open Consulate In Somaliland
Kenya is set to open a consulate in the breakaway region of Somaliland by the end of March 2021 amid diplomatic tiff between Somalia The move comes after Kenyan President Uhuru Kenyatta held talks with his Somaliland leader Muse Bihi Abdi at State House in Nairobi. In a joint communique released on Tuesday, the two…
Ethiopia, Kenya launch Trade corridor to deepen bilateral trade, investment
Addis Ababa, December 9, 2020 – In the beginning of his official visit to Kenya at Marsabit County, Prime Minister Abiy Ahmed said that Ethiopians and Kenyans are one people and one family into two countries with artificial border. “This artificial border, in my opinion, will be dismantled with the new infrastructure. This new infrastructure…
Ugandan manufacturers threaten to sue Kenya over trade barriers
Kenya has not responded to threats from the Uganda Manufacturers Association to take the country to the East African Court of Justice to get redress on “unfair trade practices”, which the association claims its own government is abetting. In a statement released on Thursday, UMA, the umbrella association that brings together Ugandan industrialists and manufacturers,…
Soufflet Malt Ethiopia To Start Production On March 2021
Addis Ababa, December 4, 2020 – The Soflet Malt which joined the Bole Lemi Indistrial Park with an outlay of 70 Million Euros has finalized preparations to start production on coming March 2021. The Soufflet Malt Ethiopia which is a French family-owned business based on collecting and adding value to agricultural raw materials is building malt factory…
Sudan: Pound continues to tumble
November 29, 2020 (KHARTOUM) – The Sudanese pound continued to slide against all major currencies driven by increased demand amid fears related to the spike in COVID-19 cases. The Sudanese ministry of health is reportedly planning to submit a formal recommendation to the Security and Defense Council asking for the imposition of a nationwide curfew.…
Somalia and Turkey agree to boost trade investment
MOGADISHU – The Federal Republic of Somalia and the Republic of Turkey have agreed to intensify the already growing trade investment cooperation between the two nations. The commitment was made during a meeting between Somalia’s Minister for Planning, Investment and Economic Development Gamal Mohamed Hassan and Turkish ambassador Mehmet Yilmaz in Mogadishu. The meeting at the…
Somalia: The Afghan & Somali Effects of Annual Budget Gap
Mogadishu (HAN) November 2nd, 2020. Public Diplomacy and Regional Stability Initiatives. Normally, the gap between income and spending is subsequently closed by government borrowing, increasing the national debt, but not in the case of volatile an insecure states of Somalia and Afghanistan, the hotspots of International terror groups and corrupt officials. A regional analysis and…
Why Eritrea Shifts Course on Egypt?
Khartoum (HAN) October 16, 2020. Public Diplomacy and Energy Initiatives updates. Opinion Article “Eritrea shifts course on Egypt-Ethiopia dispute over Nile dam” By. Ayah Aman is a senior journalist based in Cairo, Egypt. She works for Al-Shorouk daily newspaper. The visit of Eritrean President Isaias Afwerki to the site of the Grand Ethiopian Renaissance Dam…
Ethiopia Records 6.1% Economic Growth
Addis Ababa, October 19, 2020 – Prime Minister Abiy Ahmed stated that Ethiopia has registered 6.1 economic growth during the last budget year. Addressing queries from members of the parliament on the 6th year 1st extraordinary session of the House of Peoples Representatives, the premier said the country could register 6.1 economic growth by mitigating the impacts…
