Category: Markets
Ethiopia: Tullow Oil, Takeover Rumours for Africa’s leading independent oil company
Addis Ababa (HAN) December 4, 2014. Public diplomacy and National Investment news. Following sustained rumours of a possible takeover, London based and Africa’s leading independent oil company, Tullow Oil, has seen further drop in its share price. The oil exploring company witnessed a 10 percent drop in its share price from 464.9 pence to 418.90 pence on…
Ethiopia: Agricultural land issues and the Lesson learned Paraguay's Forgotten Coup
Addis Ababa (HAN) December 4, 2014. Agricultural diplomacy and National Investment news. The Ethiopian new government has recently set up the Agricultural Investment Support outfit to deal with land lease and related issues. The director of that agency on 29 July told Reuter in Addis Ababa of the marking of 1.6 ha of land “for…
Ethiopia: Ethio telecom Announces First Quarter Results
Addis Ababa (HAN) December 2, 2014- Public diplomacy and Regional Infrastructure investment news. Ethiopia’s state-owned telecom monopoly has seen first quarter operations bring its books 3.64 billion Br gross profit, from an operating revenue of over five billion Birr. Its profit, described by its corporate communications head, Abdurahim Ahmed, as “remarkable results”, represents an 11pc growth…
Somalia: Construction Booms in Somalia Following Improved Security
Mogadishu (HAN) December 2, 2014- Public diplomacy and Regional Infrastructure investment news. Thousands of Somali nationals who fled their country after war broke out over 2 decades ago, are slowly returning home thanks to improved security. That’s led to a construction boom as demand for modern houses surge. CCTV’s Celestine Karoney
Kenya Will Issue Its long Awaited Debut Sukuk
Nairobi (HAN) December 1, .2014. Public diplomacy and Regional Infrastructure investment news. Kenya will issue its debut sukuk in the next financial year, not this one as some had expected, after it opted to borrow an additional $750 million from its maiden $2 billion Eurobond issued in June, its finance minister said on Monday. Parliament…
African Entrepreneurs Have the Potential To Make Billions
Lagos (HAN) December 1, 2014. Public diplomacy and Regional Infrastructure investment news. In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia. They are the latest African firms to be courted by the world’s biggest…
East Africa: $1.2 billion For Infrastructure Development
Nairobi (HAN) December 1, 2014. Public diplomacy and Regional Infrastructure investment news. The East African integration programme received a fresh boost recently when the World Bank agreed the release of a $1.2 billion loan to the states in the East African Community (EAC). The fund will be used to develop infrastructure and further the region’s…
Ethiopia: New Pilot School established by Seasoned Ethiopian Captain
Addis Ababa (HAN) November 30, 2014. Public diplomacy and Regional Infrastructure investment news. Former captain of Ethiopian Airlines, Mulatu Lemlemayehu, owner of Dreamliner Hotel, is establishing a new private airline and pilot training school, East African Aviation, with an outlay of 57 million birr. Captian Mulat is a seasoned pilot who served Ethiopian Airlines for 39…
Ethiopia: Should East Africa Worry About the Oil Crisis?
Nairobi (HAN) November 30, 2014. Public diplomacy and Regional Infrastructure investment news. Recent oil and gas finds across the East Africa region has positioned it as a lucrative investment destination in Africa. Research has shown that discoveries in the last few years are more than that of any other region in the world, and the…
Ethiopia: More Investment for Ethiopia's Hydro Resource
Addis Abba (HAN) November 24, 2014 Public diplomacy and Regional Infrastructure investment news. A power sector conference just concluded in Addis Ababa, Ethiopia, has agreed to tap into the country’s huge hydro resource to make the country self sufficient. The conference also emphasized the country’s plans to export power to neighboring countries. -CCTV’s Girum Chala reports.