Category: Markets
Healthy Ethiopian Food Coming to the UK
London (HAN) May 6,2015 Regional Investment News. The United Kingdom government has expressed delight at its expanding joint investment with Ethiopia, following the inauguration on Tuesday of a new ‘food factory’ in the East African country. ‘Ahadukes Food Products’ factory is a joint investment between UK-based Vasari Investments Group and Ahadu PLC; and envisages growing…
Somalia's Livestock Export Largely To Gulf States Has Hit A Record High.
Mogadishu (HAN) May 5,2015. Regional IMPORTS/EXPORT News. Export data collected by the Food Security and Nutrition Analysis Unit for Somalia indicates the country exported 4.6 million goats and sheep last year. And that does not include the camel exports. Somalia’s ministry of livestock says the recent animal exports is the highest it’s been in twenty years…
Ethiopia: Concrete Demand at Record Levels, Exponential growth
ADDIS ABABA (HAN) May 5, 2015 – Public Diplomacy, Regional Investment News. BY LUCY KASSA The stock of the cement traders at Megenagna was almost non-existent up Fortune stepped over to the place to investigate the cement paradox. Exclusive and limited cement brands have dominated the market and some brands that are normally less popular are now rising in…
Ethiopia: Government to Resume Teff Exports
ADDIS ABABA (HAN) May 5, 2015 – Public Diplomacy, Regional Investment News. Ethiopia is to begin the export of around 180,000ql of teff flour, one of the country’s major food staples by the next fiscal year, following the embargo set by the government on the export of teff in 2006. Teff, produced by 48 commercial farms throughout…
Ethiopia: Soaring Demand For Condos and Hotel Rooms
Addis Ababa (HAN) May 4,2015.Public Diplomacy, Regional Investment News. Anyone who has visited Addis Ababa recently will have noticed the city is like a big construction site. Ethiopia’s capital is undergoing a major construction boom with halfway-done high-rise buildings on every corner. A newly constructed metro line cuts through the city, and is one of…
Uganda: Etihad launches new passenger service
Kampala (HAN) May 4, 2015 – Public Diplomacy, Regional Investment News. Etihad Airways’ inaugural flight EY645 is welcomed with a water cannon salute by the Ugandan Civil Aviation Authority (CAA) as it lands at Entebbe International Airport. Etihad Airways , the national airline of the United Arab Emirates, strengthened its presence in East Africa today with the launch…
South Sudan seeks to generate non-oil revenues through economic diversification
JUBA (HAN) May 3, 2015 – Public Diplomacy and Regional Investment News. South Sudanese government said its economy needed urgent diversification to wean it from depending on oil in long term response to the economic crisis, urging its citizens and other stakeholders in the society, including businesses, to embrace farming in all their undertakings. The European…
Uganda: Refinery Will Take Five Years to Complete
Kampala (HAN) May 1, 2015 – Public Diplomacy and Regional Investment News. Repairs to the railway network operated by RVR in Kenya and Tanzania. Transport infrastructure remains a challenge as Uganda readies itself for oil production. Uganda’s planned crude oil refinery will take five years to complete, a representative of the firm that won the bid…
Ethiopia: Plans Underway to Build Ethiopia's Tallest Building, No Pie In The Sky
ADDIS ABABA (HAN) May 1, 2015 – Public Diplomacy and Regional Investment News. The largest commercial bank in Ethiopia, Commercial Bank of Ethiopia (CBE), has inked a deal with the China State Construction Engineering Corporation (CSCEC) to build its headquarters in Addis Ababa, Ethiopia’s capital city. The building is will become the tallest structure in…
African countries fail to make top 25 investment destinations
Djibouti (HAN) April 29, 2015 – Public Diplomacy and Regional Investment News. None of the African and Middle Eastern countries made it to the Top 25 foreign direct investment (FDI) destinations this year, according to this year’s FDI Confidence Index released earlier this week. This clearly shows that this region’s economic growth which is often talked…
