Isuzu Motors to set up assembly plant in Ethiopia
Isuzu Motors is set to establish an assembly plant in Ethiopia via Japanese based Itochu Corporation. The assembly plant is expected to be in operation within the next 2 years [...]
Ethiopian Airlines Suspends Acquisition of Smaller Jetliners Reveals Privatisation Plans
Ethiopian Airlines Group has suspended plans to set up a fleet of smaller jetliners in favour of larger planes which would serve the intended routes better. Ethiopian Airlines chief executive [...]Rwanda currently undergoing a shortage in cement supply
Rwanda is currently undergoing a shortage in cement supply which has resulted in the surge of prices. This was after the main industry stakeholders confirmed the price rise that the [...]AfDB to invest US $12bn on renewable energy in Africa
The African Development Bank (AfDB), in a bid to improve renewable energy development, will spend US $12bn in Burkina Faso, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal, Sudan and Chad. [...]
DSTV's Mother company Wants Netflix Regulated to Ease Stiff Competition
South Africa’s video entertainment and internet company MultiChoice wants Netflix regulated as it fights to hold on to its subscribers. The pay-TV company lost over 100,000 premium subscribers in the [...]KCB to Partner with an Ethiopian Bank as the Country Opens Up to Foreign Investors
KCB Group, Kenya’s leading bank by assets, could partner with a local Ethiopian bank as it hopes the new leadership in the country will open up the banking sector to [...]Microsoft appoints Ibrahim Youssry as GM of its new MEA Multi-Country Cluster
Microsoft has appointed Ibrahim Youssry as Regional General Manager of Microsoft MEA Multi Country Cluster (MCC). This new subsidiary spans the full African continent (except for South Africa and Egypt), [...]Ethiopia's Plan to Construct Two Dams Along Omo River a Threat to Kenyans Depending on L. Turkana
Ethiopia’s plan to construct two dams upstream along the Omo River could significantly affect Lake Turkana which offers a livelihood, food, and drinking water to nearly 300,000 Kenyans. Lake Turkana, [...]SBM Bank Under Investigations Over Questionable Loan to Kenyan Company
The State Bank of Mauritius (SBM) is undergoing investigations after it gave a Kenyan consortium $195.15 million through a fraudulent process. The Central Bank of Mauritius is investigating the bank [...]Ugandans to Receive 40pc of Oil Gas Contracts
The Ugandan government said that at least four in every ten oil and gas contracts will be awarded to Ugandans. The decision was made during a Cabinet meeting last month. [...]Tanzanian Govt Signs into Law the Public Service Social Security Act 2018
The Bill proposing to join all pension funds in Tanzania into two entities is now the Public Service Social Security (PSSS) Act 2018 after the Tanzanian government signed it into [...]Uganda Set to Sign Final Financial Deal for Kisumu-Malaba SGR Line
President Yoweri Museveni has agreed to sign the final financial agreement for the standard gauge railway (SGR) section from Kisumu to Kampala through Malaba. The signing of the financing agreement [...]
