Category: Markets
Ethiopia: Sub-Saharan Africa Grows to $12B a Year
Nairobi (HAN) October 13, 2015 – Public Diplomacy Regional Security News. International private equity has become the fastest growing source of investment in sub-Saharan Africa but better risk management tools and a way to develop whole sectors was needed to make sure benefits are spread more widely, a study found. In recent years, investors tired of…
Aviation Regulator Denies Fastjet Claim on Operating Licence
Nairobi (HAN) October 13, 2015. Public diplomacy & Regional Investment/Security News. By: Mugambi Mutegi. The civil aviation sector regulator has denied claims by UK budget airline Fastjet that the carrier has received one of the two licences required to make its comeback into the country. The airline on Monday announced that it had received an Air Service…
Kenyan shilling & Central Bank Puts Imperial Bank Under Management
Nairobi (HAN) October 13, 2015. Public diplomacy & Regional Security News. Kenya’s central bank said on Tuesday it was putting Imperial Bank Ltd under management for 12 months after becoming aware of “unsafe or unsound business conditions of the lender”. It said it had appointed the state’s Kenya Deposit Insurance Corporation to take over management…
Both Uganda & Tanzania to Study Possibility of Crude Oil Pipeline
Kampala (HAN) October 12, 2015 – Public Diplomacy & Regional News. By Elias Biryabarema. Uganda and Tanzania have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda’s Ministry of Energy and Mineral Development said on Monday. The Ugandan president had indicated in August that a route through Kenya…
Africa: Reducing Mobile Prices Will Increase Penetration in Africa (VIDEO)
Nairobi (HAN) October 12, 2015. Public Diplomacy and Regional News. At least 60% of Africa’s population still without access to data services. HAN & Geeska Afrika Online (1985-2015), the oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan,…
Ethiopian Jimma Agaro Coffee earned a 95% review
Addis Ababa (HAN) October 12, 2015 – Public Diplomacy and Regional News. A well known coffee review, Kenneth Davids and the Coffee Review, has given a 95/100 rating to Ethiopian Jimma Agaro coffee for an Ohio coffee roaster, Crimson Cup Coffee & Tea. Reviewers said that the handcrafted coffee suited those who value “a coffee delicate and…
Ethiopia: The Gilgel Gibe III Hydroelectric Project has begun Power Generation
Addis Ababa (HAN) October 12, 2015 – Public Diplomacy and Regional News. The Gilgel Gibe III hydroelectric power project began power generation on Saturday (October 10). The Dam, highest Roller Compacted Concrete (RCC) dam in Africa at 243m, will have a total installed capacity of 1,870mw. This will increase Ethiopia’s power generation capacity by 234% according…
Fitch Ratings Gives Ethiopia a ‘B’ Rating Again
Addis Ababa (HAN) October 12, 2015 – Public Diplomacy and Regional Investment News. Fitch Ratings has repeated its assessment of Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’, and defined the outlook as ‘stable’. The issue ratings on senior unsecured foreign currency bonds have also been affirmed at ‘B’. The Country Ceiling…
Ethiopia: The End of the 'Made in Ethiopia'?
Addis Ababa (HAN) October 12, 2015. Public Diplomacy and Regional News By SAMRAWIT LEMMA. Locally assembled cars struggle to compete for market share dominated by second-hand imports It was six months ago that Nigma Agro Industry Plc, a local company, joined with Zaporiziha Automobile Building Plant (Zaz) to form Nigma Motors & Spare Parts Plc, a…
Ethiopia to Join Africa Trade Insurance
Addis Ababa (HAN) October 12, 2015. Public Diplomacy and Regional News.By Lucy Kassa. Ethiopia is becoming a shareholder in the African Trade Insurance Agency (ATI) with a 7.5 million dollars loan from the African Development Bank (AfDB) for subscription fee. The loan, which was approved on September 25, 2015, is to be paid in 35…
