Category: Markets
Ethiopia: KEFI Asks gov to Increase Stake in New Gold Mine
Addis Ababa October 17, 2015. Public Diplomacy and Regional Security Initiatives New. By Kaleyesus Bekele The UK gold exploration and development company, KEFI Minerals, requested the Government of Ethiopia to increase its stake in the new gold mine in Western Wellega, Tulu Kapi locality. The Tulu Kapi gold mine which is under development at a cost…
Afar Revamps Oil Exploration Firms. Russian Company Signed Agreement to Prospect for Oil
Addis Ababa October 17, 2015. Public Diplomacy and Regional Security Initiatives New. By Kaleyesus Bekele GPB Global Resources, a Russian oil and gas company, has embarked on oil exploration project in the Afar Regional State. On July 17, 2014 the then Ministry of Mines, current Ministry of Mines, Petroleum and Natural Gas, and GPB Global Resources signed…
Ethiopia: Arab-Ethiopian Exhibition and Conference for Industry and Investment Opens
Addis Ababa October 16, 2015. Public Diplomacy and Regional Security Initiatives New –The First Arab–Ethiopian Exhibition and Conference for Industrial Exports and Investment, APEX ETHIOPIA 2015 opened in Addis Ababa on Thursday (October 15). More than 300 participants including high government officials, industry leaders and invited guests and stakeholders from African and Arab countries, heard…
Africa: World’s largest Brewers May Fail to Deliver on Increased Markets
Nairobi (HAN) October 16, 2015. Public Diplomacy and Regional Investment & Security News. Concerns are rising that the union between the world’s two largest brewers may fail to deliver on increased markets in potential growth areas like Africa. AB InBev has agreed in principle to acquire SABMiller for around 106 billion dollars, and command a…
Hawala Money-Transfer Businesses Need to Pivot to Survive and Thrive
London (HAN) October 16, 2015. Public Diplomacy and Regional Security Initiatives News. IF A Somali taxi driver in London wants to send earnings home to his brother, a nomad farmer, he probably uses an informal money transfer business. Going into a Somali-owned shop, he can hand over a wad of cash and within a few…
World Bank Downgraded Kenya’s growth But Expected to Be Resilient
Addis Ababa (HAN) October 16, 2015. Public Diplomacy and Regional Security Initiatives News. By O’Brien Kimani. The World Bank says that the Kenyan economy will grow by 5.4 percent this year before accelerating to 5.7 percent next year. The World Bank has downgraded Kenya’s economic growth for this year on account of the volatility of…
Kenya: Safaricom's Dominance With 90 Percent of Mobile Revenues
Nairobi October 16, 2015. Public Diplomacy and Regional Security Initiatives News. Safaricom dominates the Kenyan mobile market, sweeping up more than 90 percent of revenues in areas such as voice calls and text messaging, according to regulator data that could further fuel a debate about competition in the industry. Rivals like Bharti Airtel and some…
Ethiopia Aims For 2020 To Triple the Annual Number of Visitors
Addis Ababa (HAN) October 14, 2015 – Public Diplomacy Regional Security News BY: Eden Sahle. Although Ethiopia is among the top six countries with the most UNESCO heritage sites in Africa, it has not completely utilized the potential of its tourism industry. To alter this fact, the Ministry of Culture and Tourism (MoCT) targets to triple the…
Ethiopia is Cheapest Emerging Market for Luxury Goods
Addis Ababa (HAN) October 14, 2015 – Public Diplomacy Regional Security News. Fast-growing Ethiopia is the cheapest place in the world’s emerging markets to buy luxury property, according to a new ranking from a specialist property company. Top end real estate there costs around $448 per square metre, while luxury property in Angola is ten…
Anheuser-Busch & SABMiller Have Agreed. Will Ethiopia's Consumers Pay More For Beer?
London (HAN) October 13, 2015 – Public Diplomacy Regional Security News. Today, the business world witnessed the greatest merger of 2015, British –South African brewing giant, SABMiller finally accepts “in principle” a £69 billion ($106 billion) takeover offer from Anheuser Busch (AB) InBev. SABMiller has repeatedly rejected offers from its largest rival, AB InBev, over the…
