Category: Markets
Kenya: Uhuru Kenyatta Attending World Economic Forum on Africa
Nairobi (HAN) May 5, 2014 – Press Briefing by, HAN & Geeska Afrika Online. The president of Kenya, Uhuru Kenyatta will be in Nigeria for the World Economic Forum on Africa. Mr.Kenyatta will be on a panel with Ngoziokonjo-Iweala finance minister of Nigeria and moderated by Adrian Finighan ( Al Jazeera English). Mr. Uhuru Kenyatta arrived in Abuja on Sunday…
Ethiopia: Embrace a new wave of Chinese Industrial Transfers
Addis Ababa York (HAN) May 5, 2014. Ethiopia is ready to embrace a new wave of Chinese industrial transfers to enhance its manufacturing and industrialization, which are vital to the African country’s sustainable development, Ethiopia’s president said. Mulatu Teshome said his country is ready to receive any industries’ relocations from China to advance both nations’ development.…
Sudan: The First Turkey Agricultural Agreement Deal Signed
Djibouti (HAN) May 1, 2014. According to the agricultural deal agreed in Sudan, the Turkish General Directorate of Agricultural Enterprises (TIGEM) and Turkish companies can invest directly in Sudan, engage in partnerships with local partners or fund agro-processing and food production projects. Sudan has very large agricultural land and the rainwater is enough for irrigation…
Ethiopia: The Second Scramble for Africa Starts
Djibouti (HAN) April 30, 2014 . IGAD2020 Weekly Regional economic update. An apparent surge in the purchase of African land by foreign companies and governments to grow food and other crops for export has set alarm bells ringing on and off the continent. The headlines have been strident: “The Second Scramble for Africa Starts,” “Quest for…
Uganda: Investors buying a stake in Rwanda’s renaissance
Kampala (HAN) April 30, 2014 . IGAD2020 Weekly Regional economic update. When mass murder and destruction broke out in Rwanda two decades ago, 12-year-old Ashish Thakkar and his family were among millions of refugees who had to run for their lives. Thakkar and his family took cover at a hotel in Kigali, which was famously portrayed…
Ethiopia: Falling Short Of The Current Government’s Forecast
Djibouti (HAN) April 28, 2014 . IGAD2020 Weekly Regional economic update. Prime Minister Hailemariam Desalegn declared that the targeted Gross Domestic Product (GDP) of the nation growth has dropped down to 9.7 percent in the last budget year, falling short of the government’s forecast, which was 11 percent. In a nine-month report he presented to…
Ethiopia Gold rush 2014
Djibouti (HAN) April 27, 2014 IGAD 2020 Weekly Regional Security News Headlines and Commentary. Tigray Resources Incorporate, a Canadian mining firm, recently stated that it has found gold and copper after its second phase of drilling, completing some 1117 meters the company conducted in the Tigray region, north of Ethiopia. The news release the company posted on…
Kenya: Islamic Finance Spreads Across East Africa
Nairobi (HAN) April 21, 2014 IGAD 2020 Weekly Regional Security News Headlines and Commentary After a dry season that decimated livestock, Kenyan herders recently received some welcome relief familiar to American farmers but far less common in Africa – insurance compensation for their losses. More than 100 Muslim pastoralists are the first beneficiaries of Index-Based Livestock Takaful…
Ethiopia: Chinese investment in Africa 'exaggerated'
Djibouti (HAN) April 21, 2014 IGAD 2020 Weekly Regional Security News Headlines and Commentary – One of the major concerns is the continent’s danger of getting locked into a commodities trap, economist says Alemayehu Geda says it is the West, and not China, that still has the bigger economic impact on Africa. The professor of…
Kenya’s Uchumi expansion across the region
Nairobi (HAN) April 18, 2014– Kenyan supermarket chain, Uchumi Supermarkets is inking final touches to an inaugural launch of an outlet in Kigali, Rwanda, as it seeks to consolidate a regional presence in East Africa. “We are seeking more growth and expansion across the region,” said Chief Executive, Jonathan Ciano, who spoke to Business Daily. “We…
