Category: Markets
Ethiopia: Demand for oil in Ethiopia tripling by 2025
Ethiopia (HAN) April 10, 2014. Ethiopia’s leading private oil marketer plans to expand into neighboring East African economies and is interested in part financing a refinery after commercial discoveries in the region. Tadesse Tilahun, CEO of National Oil Ethiopia, said untapped crude deposits in Kenya and Uganda handed governments and investors the opportunity to construct a…
India-East Africa Trade A Two-Way Street For Mutual Success
Ethiopia (HAN) April 10, 2014 – The Good News – India’s trade with Africa has grown from $1 billion in 2001 to $57 billion in 2012 and poised to cross $90 billion in 2015.This figure has been upgraded from $70 billion set in 2011. The Challenge – China has now clearly surpassed the U.S.A. as Africa’s biggest trading partner.…
Sudan: East Africa's New Diplomatic Oil Game
Addis Ababa (HAN) April 10, 2014 – The eruption of fighting in South Sudan brought East Africa’s political crises into sharp focus at a time of optimism about the region’s economic take-off. Undaunted, analysts point to fast-improving transport links and new oil and gas discoveries. Four leaders dominate the East African diplomatic chess-board, its diplomacy,…
Ethiopia: New stadium Deal goes to Qatar, Australia consortium
Nairobi (HAN) April 8, 2014 – Ethiopia’s to FIFA/Olympic-standard stadium is to be built by a Qatar and Australia consortium, the Doha-based Australian company Designsport said in a statement.The company, in partnership with local Ethiopian architects JDAW, won the bid based on its design for a sunken arena for a new national stadium and sports…
Somalia: The value of Somali currency has appreciated, still holding gains
Nairobi (HAN) April 6, 2014 – Somalia Financial Market: Improving security over the past year has encouraged native Somalis to return to the country, bringing foreign currency with them, said Ben Payton, senior Africa analyst at London-based risk analysis company Maplecroft. The Somali shilling, Somalia’s official currency, has overcome such disadvantages to appreciate against the…
Djibouti: Qatar Airways launches new flights to the American base in Djibouti
Djibouti (HAN) March 29, 2014 – According to the HAN & Geeska Afrika Online security corespondant in Djibouti; Djibouti is the only country in the Horn of Africa and Africa with a US military base. Breaking travel news (Airline news): Qatar Airways has announced a further expansion of its route network in Africa with Djibouti joining…
Africa's Richest Man Bids For Shell Nigerian Asset
London (HAN) March 26, 2014 – Somalia has some of the largest prospective oil and gas resources in East Africa and Africa’s richest man (Nigeria) Aliko Dangoten; UK company Soma Oil & Gas, Royal Shell are investing millions to gain first-mover advantage. Julian Turner talks to SOM Oil leader Bob Sheppard about the company’s historic agreement…
Ethiopian President desire U.S. Companies to invest Ethiopia
Djibouti (HAN) March 22, 2014 – The President of fedeeral Ethiopia, Dr.Mulatu Teshome said it is Ethiopia’s desire that US companies invest in Ethiopia in various areas. While conferring with a delegation of Corporate Council on Africa (CCA), the President said Ethiopia is interested on US companies to engage especially in manufacturing, power generation and…
Israeli Strategy to make Ethiopia a Leading Nation in Exporting Fertilizer
Djibouti (HAN) March 22, 2014 – The Israeli Chemicals Limited (ICL) Africa and Allana Potash signed partnership agreement to mine potash fertilizer and supply to farmers in Ethiopia and Africa as well as other countries. The accord would help Ethiopia to introduce new fertilizer to farmers and considerably increase productivity, the Ministry of Agriculture said.…
Ethiopia: Chinese are Building a Huge Industrial Village
Djibouti (HAN) March 22, 2014 – The Chinese shoe factory Huajian Group says it would build a huge industrial zone in Addis Ababa. Factory president Xiang Hurong who held talks with Foreign Affairs Minister Dr. Tedros Adhanom here in Addis said the village industry to be built at Lafto Sub-city is far wider than the Eastern…
