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Ethiopia: Road linking Afar-Djibouti to be finished by Nov

Posted on September 3, 2014September 14, 2014Author Zegabi NewsPosted in Africa, Economy, Top Stories, TourismLeave a Reply

 Ethiopian Roads Authority (ERA) disclosed the Hawsewa-Abeala-Arbeti asphalt road, which it is constructing at the cost of a Billion Birr, is 93 percent over. The…

Ethiopian Airlines announce new flights to Madrid

Posted on September 2, 2014Author Zegabi NewsPosted in Africa, Economy, Top Stories, TourismLeave a Reply

 Xinhua  (Addis Ababa) —  On Monday Ethiopian Airlines will commence its flights to Madrid, Spain, which has become the 10th European destination of the airliner.…

Barclays to provide Uganda with financial aid

Posted on September 1, 2014September 2, 2014Author Zegabi NewsPosted in Africa, Economy, TechnologyLeave a Reply

By Emmanuel Iruobe
 VENTURES AFRICA –(Kampala)- As Africa continues to attract solutions to its infrastructure challenges, the Barclays group has indicated its readiness to fund…

Kenyan officials upbeat about direct flights to US

Posted on September 1, 2014Author Zegabi NewsPosted in Africa, Economy, Top Stories, TourismLeave a Reply

BY Peter Kiragu
 Standard Digital-(Nairobi)-The Government has maintained that it has almost concluded most of the negotiations with Delta Airlines for them to launch direct…

Djibouti’s Primer Minister meets Chinese counterpart

Posted on August 29, 2014Author Zegabi NewsPosted in Africa, Economy, Top StoriesLeave a Reply

 Xinhua(Djibouti City) – Chinese Premier Li Keqiang met with Djibouti’s Prime Minister Abdoulkader Kamil Mohamed at the closing ceremony of the second Summer Youth Olympic…

Ethiopian banks choose BPC Smartvista for national switching operations

Posted on August 27, 2014Author Zegabi NewsPosted in Africa, Economy, TechnologyLeave a Reply

 Finextra- BPC Banking Technologies, the leading provider of Open System payment solutions,  has announced that EthSwitch has chosen SmartVista to power its national switching operations…

Ethiopia’s coffee sales continues to benefit from Brazil’s drought

Posted on August 21, 2014August 21, 2014Author Zegabi NewsPosted in Africa, Economy, Top StoriesLeave a Reply

By William Davison
Blomberg (Addis Ababa) – Ethiopia’s arabica coffee export earnings are forecast to climb 25 percent to about $900 million in 2014-15 because…

Kenya: Patients suffer as doctors persevere in strike

Posted on August 20, 2014Author Zegabi NewsPosted in Africa, Economy, Health, Top StoriesLeave a Reply

By HENRY KIBIRA AND CALVIN ONSARIGO
The Star (Nairobi) – A patient died yesterday at the Coast General Hospital even as the doctors’ union told…

Kenya: Mobile money transfers hit record amount

Posted on August 12, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

The Central Bank of Kenya has revealed that mobile money customers made transactions worth about KES 1.1 trillion between January and July this year.
This…

Uganda: Oil companies submit proposals to build refinery at Lake Albert

Posted on August 1, 2014August 4, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Four international petroleum companies have presented proposals to the Ugandan government for the development of the country’s first oil refinery in Buseruka Sub-county, Hoima district,…

Kenyan authorities crusade against the UK’s ban on miraa

Posted on July 20, 2014August 4, 2014Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Several top Kenyan officials have criticized the impending ban on miraa in the United Kingdom and have vowed to press for its reversal.
The plant,…

Uganda tightens noose on tax defaulters

Posted on June 18, 2014June 18, 2014Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Uganda Revenue Authority (URA) has toughened its punitive measures against tax defaulters in a bid to compel them to comply.
ChimReports has revealed that URA…

Eritel rolls out 3G technology

Posted on June 17, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Eritrea Telecommunication Services Corporation (Eritel) is upgrading its network to third generation technology (3G).
Local sources say the initiative began about four years ago as…

CITES: Poaching remains unsustainably high in Africa

Posted on June 13, 2014Author Kofi SaaPosted in Africa, Economy, Security, Top Stories, TourismLeave a Reply

The Secretariat of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has revealed that despite some reductions from previous…

Kenya: Opposition coalition and other groups threaten to protest over growing insecurity

Posted on June 13, 2014June 13, 2014Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

Several groups have vowed to take to the streets if the Kenyan government continues to ignore their calls to immediately address the country’s security problems.…

Uganda coffee export surges

Posted on June 10, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Uganda Coffee Development Authority (UCDA) has recorded a steady rise in both the volume and value of coffee exports this year.
According to pundits, this…

Kenya’s largest bakery to invest Sh1 billion in milling facility

Posted on June 4, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Kenblest Group, Kenya’s largest baker, is set to invest about Sh1 billion into the expansion of its milling establishment.
Business Daily Africa has quoted the…

World Bank approves funding for geothermal project in Ethiopia

Posted on June 2, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

The Executive Directors of the World Bank have approved a grant of over $200 million to support the Ethiopian government’s Geothermal Sector Development Project.
Reports…

Ethiopia marks 23rd anniversary of the downfall of Dergue regime

Posted on May 29, 2014Author Kofi SaaPosted in Africa, Economy, Health, Security, Top StoriesLeave a Reply

The Government and people of Ethiopia have commemorated the 23rd anniversary of the country’s adoption of modern democratic principles and structures.
On May 28th 1991,…

Kenya launches her first cotton laboratory

Posted on May 29, 2014May 29, 2014Author Kofi SaaPosted in Africa, EconomyLeave a Reply

Kenyan authorities have commissioned a Sh50 million laboratory exclusively dedicated to the cotton industry this week, according to local sources.
The facility, located in Kabete,…

Kenya: Mass deportation of Somali asylum seekers could empower terrorists

Posted on May 28, 2014May 28, 2014Author Kofi SaaPosted in Africa, Economy, Security, Top StoriesLeave a Reply

A Somali official has warned that Kenya’s latest nationwide anti-terrorism operation codenamed ‘Uslama Watch’, which has led to the apprehension and repatriation of his nationals…

Kenya: Authorities deny increasing fees of public universities

Posted on May 22, 2014May 22, 2014Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Kenya’s Cabinet Secretary for Education, Jacob Kaimenyi, has refuted allegations that the tuition of public universities have been hiked.
In a statement to the press,…

4G LTE high speed internet to be installed across Rwanda by August

Posted on May 20, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Rwandans will be able to access the internet on 4G Long Term Evolution (LTE) technology by August this year.
The Minister for Youth and Information…

Ethiopia’s textile industry booms

Posted on May 19, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Ethiopia’s clothing sector is experiencing a spate of rapid growth which is set to transform it into one of the most important industries in the…

Kenya: Lawyers call for impeachment of Attorney General over ‘Anglo Leasing scandal’

Posted on May 19, 2014May 19, 2014Author Kofi SaaPosted in Africa, Economy, Security, Technology, Top StoriesLeave a Reply

The Law Society of Kenya have petitioned the country’s legislators to depose Attorney General Githu Muigai.
The lawyers are charging the AG with incompetency after…

Sudan to export electricity to Eritrea

Posted on May 15, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

The Government of Sudan has agreed to supply electrical power to neighbouring Eritrea during a visit by President Isaias Afwerki to Khartoum last week.
Reports…

Egypt accuses Ethiopia of delaying resumption of renaissance dam discussions

Posted on May 15, 2014May 15, 2014Author Kofi SaaPosted in Africa, Economy, Technology, Top StoriesLeave a Reply

Egypt’s Foreign Minister, Nabil Fahmy, has accused Ethiopian authorities of stalling the resolution of the renaissance dam dispute after they have failed to respond to…

Ethiopia to host global food security conference

Posted on May 14, 2014Author Kofi SaaPosted in Africa, Economy, Health, Top StoriesLeave a Reply

More than 800 experts in food and other related disciplines are set to convene in Addis Ababa on Thursday, May 15th, to discuss how to…

Kenyan banks implement U.S. foreign account law

Posted on May 14, 2014Author Kofi SaaPosted in Africa, Economy, Top StoriesLeave a Reply

Kenyan banks involved in money transfers from the U.S. have officially began enforcing an international tax compliance law this week.
The Foreign Account Tax Compliance…

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