Category: Markets
Kenya recalls envoy, expels Somali ambassador
Kenya has recalled its ambassador in Mogadishu over alleged auctioning of oil and gas blocks in disputed territorial waters of the Indian Ocean. Nairobi has also ordered Somali ambassador to Kenya Mohamoud Ahmed Nurto leave the country. According to Kenya’s Foreign Affairs PS Macharia Kamau, the auction took place in London last week. Mr Kamau…
Kenya claims Somalia “auctioned” oil and gas blocks in Kenya territory
Kenya is recalling its Ambassador to Somalia, Lucas Tumbo, in protest of the February 7 London Somalia oil conference. Kenya says Somalia “auctioned” oil and gas blocks in Kenya territory. The report doesn’t say which part of Kenya territory Somalia has allegedly auctioned. Kenya appears to be conflating two completely different situations – Kenya’s support…
Ethiopia, Djibouti Sign Agreement for the Construction of a Pipeline Project
Ethiopia and Djibouti have signed an agreement for the construction of a pipeline agreement, which would help to export Ethiopia’s natural gas. Ethiopia’s Minister of Mines and Petroleum, H.E. Dr Samuel Hurcato, and Minister of Energy in Charge of Natural Resources of Djibouti, H.E. Mrs. Yonis Guedi, signed the agreement in Addis Ababa today (February 15). State Minister…
Kenya: $100 a month picking Valentine’s Day flowers
Naivasha, Kenya – Joyce Iminza steps down from an old, white bus and boards a motorcycle taxi in Naivasha, a flower-rich town about 100km northwest of Kenya’s capital, Nairobi. “Take me to my house. My kids are on their way home from school and I need to prepare dinner for them,” she tells the driver as…
U.S. dollar hits record high against Sudanese pound
February 13, 2019 (KHARTOUM) – The U.S. dollar price on Wednesday hit an all-time high on the black market as the Sudanese pound declined to 83,00 per dollar. Traders speaking to Sudan Tribune Wednesday in central Khartoum said the purchase price of the U.S. dollar through checks has reached 83,00 pounds while the cash purchase…
Kenya:Camera spots rare black panther
LONDON, Feb 13 (Reuters) – Images of a rare African black leopard have been captured in Kenya, the first verifiable record of the animal for nearly 100 years, researchers have said. British wildlife photographer Will Burrard-Lucas set up motion-sensitive cameras to capture the largely nocturnal cat in Laikipia Wilderness Camp in January. “I’m able to…
Uganda revises first oil production to 2022
Uganda expects to begin producing oil in 2022, its energy minister Irene Muloni said on Wednesday, indicating a slight delay from the country’s revised target of 2021. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. A lack of…
Nigerian widows confront Shell in Dutch court
Four Nigerian women on Tuesday launched a court case in the Netherlands against oil giant Shell for alleged complicity in the execution of their husbands by the military regime in the 1990s. The civil case has been brought by Esther Kiobel — the widow of Barinem Kiobel who was hanged in 1995 along with writer…
ETHIOPIA’S PRIVATIZATION PROGRAMME ATTRACTS MAJOR AFRICAN TELECOM OPERATORS
Following the progress of Ethiopia’s telecom privatization process, Pan-African telecom operators MTN, Orange and Vodacom are among those trying to enter the second most populated country in Africa. The state-owned telecommunications corporation, Ethio Telecom, took a major step forward in its much-anticipated privatization by pre-selecting six consultancies in partnership with the World Bank. It will be split…
Kenya says Tanzania, Uganda are distorting maize market
Kenyan farmers have raised the alarm on the saturation of the cereals market with maize from Uganda and Tanzania, causing a glut and denying them income. A bumper harvest across the region last year caused an oversupply and a subsequent fall in prices, resulting in farmers struggling to get market access and leaving governments unable…
