Category: Markets
Kenya: Orange Mobile not searching for potential buyers
Nairobi (HAN) April 18, 2014 –Mobile phone operator, Orange Kenya, this week rejected claims that it is searching for potential buyers. Orange Kenya said instead it is looking for “strategic partners” so that money could be injected into the business to support it in the long term. This rejection comes after former workers of the telco…
Uganda: Opportunities in Ethiopia and the main strategic Areas of Investment
Addis Ababa (HAN) April 17, 2014 – State Minister Dewano Kedir meets with a Ugandan Business Delegation. A Ugandan business delegation met with State Minister of Foreign Affairs, Dewano Kedir. The State Minister welcomed the delegation which included representatives from companies involved in commercial farming, irrigation, trade, chemicals and cosmetics trade. He noted that Ethiopia…
Ethiopia: 81st international destination for Ethiopian Airlines
PRESS RELEASE – Addis Ababa (HAN) April 15, 2014. Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce the commencement of four weekly flights to Kano, Nigeria, starting 24 May 2014. The flights to Kano will be Ethiopian 4th destination in Nigeria, in addition to Lagos, Abuja and Enugu, and will be…
Somalia: The creation of Investment Security legal framework
Addis Ababa (HAN) April 15, 2014 – Somali Businesses Leaders urged the Federal Government of Somalia to establish legal framework for the security of investment. leading businesses, government officials and International businesses converged in Dubai on the 6th and 7th of April for the second investment Summit hosted by the Somalia Economic Forum. The Federal…
Ethiopia: Polish Billionaire Shows Interest in Ethiopias Energy Sector
Djibouti (HAN) April 14, 2014 – BY BRUH YIHUNBELAY – Poland’s richest man, Jan Kulczyk, founder and owner of Kulczyk Holding SA (headquartered in Warsaw) and international investment house, Kulczyk Investments with headquarters in Luxembourg and offices in London, Kiev and Dubai, came to Ethiopia this week and met with Prime Minister Hailemariam Desalegn and…
Somalia: The Africa's next Angola
Djibouti (HAN) April 14, 2014 – Africa’s next Angola oil fields will be in Somalia’s Oil and Gas in Indian Ocean Exploration. British oil giant British Petroleum signed concessions with the Petrolatum Department for the Federal Government of Somalia to explore oil and gas in the war raven East African nation, including International waters of…
Ethiopia: One of Fastest Growing Economies in Africa wants more.
Addis Ababa (HAN) April 15, 2014 . With only one year to go before the expiry of the Growth & Transformation Plan (GTP), Members of Parliament expressed concerns about the failure to trigger economic structural transformation when the Plan’s implementation performance for the year 2012/13 was presented to them on Thursday, April 10, 2014. Discussion…
Eritrea: Turkish, Yemeni and Egyption Airlines are to Begin Strategic Flights to Asmara
Djibouti (HAN) April 12, 2014 – With the number of destinations Turkish Airlines is flying to in East Africa having increased to double, the company is now making efforts to trade places with Lufthansa, Ethiopian Airlines and Air France for being the Horn of Africa’s top carrier. Turkey’s contacts, diplomatic and otherwise, with Africa have increased greatly…
Eritrea: Eritrea's Quiet Construction Boom
Asmara (HAN) April 12, 2014 – In a telling sign the economy is gaining momentum, Eritrea has been quietly building a number of multimillion dollar infrastructure projects. From luxury resorts to colleges to modern homes and dams, Eritrea is witnessing an unprecedented development boom. With so many projects under construction or slated to be developed,…
Kenya: Family-owned manufacturers, will invest $200 million
NAIROBI,(HAN) April 10, 2014 Kenya’s leading manufacturers, will invest about $200 million by 2017 in new product categories to meet growing demand, the head of the company said. Managing Director Vimal Shah told reporters Thursday that the group expects its annual revenue from Kenya to grow by four times in that period from the…
