Wednesday, December 13, 2017

India unveils the world’s largest solar power plant

The country is on schedule to be the world’s third biggest solar market next year. Images have been released showing the sheer size of a...

Malls May Be Struggling In The U.S., But In Nigeria They’re Just Taking Off

With its rising middle class, Africa’s most populous country is embracing the places and culture that are sagging in America — mall culture, that is...

HSBC’s response: ‘Standards of due diligence were significantly lower than today’

This is an edited extract from a statement issued by HSBC responding to revelations of misconduct at its Swiss bank In the past, the...

Somaliland: German Deputy Ambassador reiterates commitment to SGBF

The Minister of Foreign Affairs of the Republic of Somaliland, Dr. Saad Ali Shire,  met with the Deputy German Ambassador Markus Bollmohr, who was...

Advisory group expresses concerns on Somalia’s Simatech port contract

An advisory committee that monitors Somalia’s public finances says it is concerned about a possibly unfavorable contract between the Ministry of Ports and UAE...

African air travel primed for take-off

Africa has long been the El Dorado just over the horizon for airlines, but sustained economic growth and the emergence of a middle class...

Thirteen Hawalas Closed Down In Kenya

Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as...

Somaliland Central Bank moves to limit slide of Shilling

Somaliland Central Bank has begun taking measures meant to stabilize the rising value of the US dollar which has weakened the Somaliland shilling in...

Somaliland’s eDahab: Inspiring Story of Mobile Money Transfer ‘Innovator’

Somaliland sun Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial...

Messebo Cement Conducts Feasibility Study for Plant in Addis

Messebo Cement Factory Plc has hired Industrial Projects Service (IPS), a state-owned consultant, to conduct an assessment of market for cement around Addis Abeba....

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Paul Pogba says he rejected Real Madrid before Manchester United transfer

Paul Pogba says he was the subject of interest from Real Madrid before he decided to sign for Manchester United. The former Juventus midfielder, who...

Le Monde: Somaliland, the lessons of a ghost country

The former British protectorate (Somaliland), self-proclaimed independence of Somalia in 1991, has not been recognized by any state but tries to consolidate the exercise...

Pentagon foresees at least two more years of combat in Somalia

Amid its escalating campaign of drone strikes in Somalia, the Pentagon has presented the White House with an operational plan that envisions at least...