Category: Markets

  • Djibouti: A Strategic Partner For Russia

    Djibouti: A Strategic Partner For Russia

    Djibouti (HAN) October 20, 2011 – Regional Security and strategic News. By Kester Kenn Klomegah.  Undoutedly, Djibouti is a typical tiny African country to be considered as a strategic partner for Russia. But, Russian Minister of Foreign Affairs, Sergey Lavrov, at joint press conference following long fruitful diplomatic talks with the visiting Djibouti Minister of Foreign…

  • Somalia: President's Decision to Print More Money Is a "Long Term Solution"

    Somalia: President's Decision to Print More Money Is a "Long Term Solution"

    Mogadishu (HAN) June 17, 2015 – Public Diplomacy and Regional Financial systems News. Somali Government set to Print More Money “riding to the rescue of the beleaguered Somali Shillings.” Somalia’s president, Hassan Sheikh Mohamoud has ordered Somalia Federal Bank (Central Bank) to print Somali Shillings in an attempt to salvage the weakening shilling against the…

  • Kenya: Al-shabaab Attacks Froze the Tourism Industry in Lamu

    Kenya: Al-shabaab Attacks Froze the Tourism Industry in Lamu

    Nairobi (HAN) June 14, 2015 – Regional Tourism Safety and Security News. The Kenyan Islamist militants carried out the early-morning raid on the military base near the town of Baure, said Lamu’s deputy county commissioner, Joseph Rotich. Kenyan Islamist Militants also entered Mangai village where they forced men out of their houses and took them…

  • Ethiopia and Zambia Intend to Elevate their Cooperation

    Ethiopia and Zambia Intend to Elevate their Cooperation

    Addia Ababa (HAN) June 13, 2015 – Public Diplomacy and Regional Security News. ‎Ethiopia‬ and ‪Zambia‬ signed MoU establishing a Permanent Joint Commission. The commission , which will be composed of high level officials of the two sides aims at strengthening cooperation between the two countries. By establishing a Joint commission , Ethiopia and Zambia…

  • Ethiopia: Angelina Jolie Expressed Her Desire to Invest

    Ethiopia: Angelina Jolie Expressed Her Desire to Invest

    Addis Ababa (HAN) June 13, 2015 – Public Diplomacy and Regional Security News. The Hollywood star, Angelina Jolie expressed her desire to invest in ‪#Ethiopia‬ in hospitality sector. The Ethiopian Foreign Minister Dr.Tedros Adahanom is holding successive meetings at the sidelines of the 25th African Union Summit in Johannesburg. Today he held a meeting with…

  • Somalia:  Financial Briefing to Oversee the Smooth Running of the State Finances

    Somalia: Financial Briefing to Oversee the Smooth Running of the State Finances

    Mogadishu (HAN) June 6, 2015 – Weekly Financial Briefing to Update Public funding and Regional Security News.  The Somalia Deputy Prime Minister Mohamed Arte Ghalib has met with top government Financial Management committee which is tasked to oversee the smooth running of the state finances. The committee which is parallel to that of IMF and World Bank…

  • Ethiopia: Membership Seat Sold for 1.6m Br. 5x the Original Price

    Ethiopia: Membership Seat Sold for 1.6m Br. 5x the Original Price

    Addis Ababa (HAN) May 18,2015 Public Diplomacy Regional Investment and Market News. By Brook Abdu. The Ethiopian Commodity Exchange (ECX) transferred the 17th membership seat for 1.6 million Br on an auction held on May 7, 2015. The bid that was held in the presence of the bidders and legal representatives in the premises of…

  • Somalia:Farming Against Fighting

    Somalia:Farming Against Fighting

    Mogadishu (HAN) MAY 10,2015 Regional Investment and security News. Farak Doudi, 56, swings a rifle and cleans a water canal that washes into his banana fruit plantation. He marvels at the yellow banana trunks that sag over the waterway. At the same time he is jittery – sneaky bandits might raid his crop and ruin…

  • Sheikh Al-Amoudi launched an 8 billion birr expansion projects

    Sheikh Al-Amoudi launched an 8 billion birr expansion projects

    Addis Ababa (HAN) May 9,2015 Public Diplomacy, Regional humanitarian, Investment News. MIDROC Ethiopia Technology Group, an umbrella group of 21 companies owned and chaired by Global business magnet and prominent investor in Ethiopia Sheikh Mohammed Hussein Ali Al-Amoudi launched an 8 billion birr expansion projects in gold and agro-processing sectors. In addition to the ongoing projects,…

  • Ethiopian insurers to set up local reinsurance company

    Ethiopian insurers to set up local reinsurance company

    Addis Ababa (HAN) May 9,2015 Public Diplomacy, Regional humanitarian, Investment News. Ethiopian insurance providers allocated an aggregate investment capital of 660 million birr to establish an Ethiopian-owned reinsurance company. The insurers, through their association, also hired a local consultancy firm that is tasked to conduct the organizational setup and other studies in six months. The…

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