Friday, February 3, 2023

Ethiopia Opens Banking Sector to Foreign Players

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Ethiopia’s government has decided to open up the country’s banking sector to foreign investors, the prime minister’s office said on Saturday, the latest measure...

Over 280,000 Tons of Ukraine Grain Dock Out of Odesa

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A fleet of nearly 13 ships which are carrying over 280,000 tons of grain and agricultural products departed Ukraine's Odesa ports on Sunday, September...

Somaliland: Government Grants Business People the Go-ahead to Start Rebuilding Burnt-out Market

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The government of the Republic of Somaliland, Monday, gave the go-ahead to business people ready to rebuild properties that burned out in the Waaheen...

Suhura Ismail – the Entrepreneur Khat Crowned Queen

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For many Africans khat is a stimulant drug that also stills hunger pangs. But the world's biggest seller of khat doesn't fit the typical...

Inside UAE’s Plan to Control African Ports Business Through DP World

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DP World has offered to develop and operate transport logistics services in the ports of Mombasa, Lamu and Kisumu and Naivasha as the firm...

Ethiopia: Organized Crime Pours Cold Water On Coffee Exports – Analysis

Ethiopian law prohibits the sale of export-quality coffee locally. Despite this, the country – regarded as the birthplace of coffee according to the legend of ‘Kaldi...

Is Somaliland-Ethiopia Trade Relations Shaking or Breaking?

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The news of Ethiopia’s exclusion from the Berbera Port deal followed the passage of the US' Somaliland Partnership act. The Ethiopia-Somaliland partnership stands as one...

Elon Musk Seeks 10% Job Cuts at Tesla Over ‘Super Bad Feeling’ About Economy

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Email to executives also calls for hiring freeze at electric car maker, which has 100,000 staff worldwide Elon Musk is considering a hiring freeze and...

Somaliland: Energy Commission Stops Electricity Suppliers’ Raise of Rates

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The Somaliland Energy Commission stopped a hike in supply rates that Somaliland electricity providers introduced which represented nearly doubled the rate per kilowatt. The commission...

Ethiopia Revokes Over 800 Khat Export Licenses

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The Ethiopian Ministry of Trade and Regional Integration announced that around 830 khat exporters' licences were revoked for not renewing their exporting permits.  40...