Market News Page No. 213| Africa Business News | Afrotrade

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Ethiopia: AfDB Loans Out U.S.$159 Million to Ethiopian Airlines for Expansion

Ethiopian Airlines has received a $159 million loan from the African Development Bank (AfDB), boosting its expansion plans. The credit line, backed by the African Trade Insurance Agency (ATI), will enable the airline to expand its fleet as it targets to have 140 aircraft within the next decade from the more than 80 planes in its hangar. The Ethiopian flag carrier, the fastest growing airline in sub-Saharan Africa, seeks to.... Read more »

Posted on : Tuesday , 14th February 2017

Ethiopia on Track for Economic Globalization with China's Cooperation

A large number of jobs have been created for African countries through China-Africa cooperation, which has promoted local economic growth, helped the maintenance of political and social stability in related countries, and reduced the emergence of refugees and immigrants and their disorderly flow. Planning is only a small part of the work, and what counts more is its implementation. Since the holding of FOCAC Johannesburg Summit in.... Read more »

Posted on : Tuesday , 14th February 2017

Ethiopia: Stakeholders from Ethiopia, Morocco Discuss Economic Transformation Policies

Ethiopian Development Research Institute (EDRI) and Morocco's OCP Policy Center jointly organized the first Ethio-Moroccan Strategic Economic Policy Dialogue here yesterday. Speaking at the occasion, EDRI Executive Director with a Rank of Minister Mekonnen Manyazewal commended Morocco's OCP Policy Center for the practical steps it has taken to forge partnerships with EDRI. He said the two partner institutions should further.... Read more »

Posted on : Tuesday , 14th February 2017

Ethiopia: UN to Plant 1 Million Trees Near Refugee Camps to Fight Deforestation

Rome — The depletion of forests risks creating tensions with local communities and disrupting the ecosystem A million trees are to be planted in Ethiopia to fight deforestation around camps hosting hundreds of thousands of South Sudanese refugees who rely almost entirely on wood for fuel, a United Nations agency said on Wednesday. The U.N. Food and Agriculture Organization (FAO) said the trees would be planted on 150.... Read more »

Posted on : Tuesday , 14th February 2017

Ethiopia: New Meter Taxi Rates Implemented

Addis Ababa City Transport Authority yesterday announced that new meter taxis fare rate would take effect today. According to the Authority, the fare of four-seat meter taxis is 10 Birr per kilometer while 13 Birr for seven-seat taxis per kilometer. Authority Communication Officer Meteku Gebisa said that this rate would be effective up until 10 PM local time. Beginning from 10:01 onward, the rate will increase by 50 per cent,.... Read more »

Posted on : Tuesday , 14th February 2017

Rwanda: Govt, Industry Players Discuss 'Smart Cities' Implementation Roadmap

African countries are gearing up to accelerate socio-economic development through affordable access to broadband and use of appropriate information and communication technologies (ICTs), under Smart Africa agenda. Part of this is to find ways to leverage the principles of urban planning and technology solutions to promote efficiency of cities. Under the 'Smart Cities' initiative, multiple sector stakeholders and industry.... Read more »

Posted on : Tuesday , 14th February 2017

Rwanda: RwandAir Nominated in Best Airline Category at Tourism Excellence Awards

RwandAir has been nominated for the Uganda Tourism Excellence Awards 2017 in the Best Airline category. The national career is competing for the accolade with Ethiopian Airlines. This annual event is designed to promote and reward excellence in the tourism industry to help preserve standards in the sector. The awards also celebrate the achievements of the tourism industry, recognising hard work and dedication exhibited by individuals.... Read more »

Posted on : Tuesday , 14th February 2017

Rwanda: New Rwanda Development Board Chief to Focus on Increasing Exports

The new chief executive of Rwanda Development Board (RDB), Clare Akamanzi, took office Thursday, promising to prioritise the services sector and increasing the volume of the country's exports. Akamanzi, who was sworn in on Wednesday, replaced Francis Gatare, who was moved to the newly created Mines, Petroleum and Gas Board - as its chief executive. Both officials are members of the cabinet. "I must say I'm also.... Read more »

Posted on : Tuesday , 14th February 2017

Rwanda: New Rwanda Development Board Chief to Focus on Increasing Exports

The new chief executive of Rwanda Development Board (RDB), Clare Akamanzi, took office Thursday, promising to prioritise the services sector and increasing the volume of the country's exports. Akamanzi, who was sworn in on Wednesday, replaced Francis Gatare, who was moved to the newly created Mines, Petroleum and Gas Board - as its chief executive. Both officials are members of the cabinet. "I must say I'm also.... Read more »

Posted on : Tuesday , 14th February 2017

East Africa: Agriculture Still the Greatest Source of Jobs in the Region

Despite East Africa's increased public investment in infrastructure, an area long considered a sure source of employment for locals, the region continues to depend on the agricultural sector for jobs. But experts warn that the agricultural sector fuels underemployment, which is a common feature in many countries in East Africa. In Uganda, underemployment is just 9.3 per cent, while in Rwanda, this figure is even lower at two per.... Read more »

Posted on : Tuesday , 14th February 2017

Tanzania: Construction of Mega $110 Million Pharmaceutical Plant Scheduled for This Year

Simiyu — Various government institutions have teamed up to execute a 250bn/- pharmaceutical industry in Simiyu region, with prospects of saving billions of public funds in importation of medicines. Regional Commissioner Anthon Mtaka, speaking here yesterday ahead of the region's business forum, told the 'Daily News' that the multibillion project is scheduled to take off this year. Execution of the project comes as a great.... Read more »

Posted on : Tuesday , 14th February 2017

Tanzania: Ambitious $110 Million Pharmaceutical Plant Project to Take off This Year

Simiyu — Various government institutions have teamed up to execute a 250bn/- pharmaceutical industry in Simiyu region, with prospects of saving billions of public funds in importation of medicines. Regional Commissioner Anthon Mtaka, speaking here yesterday ahead of the region's business forum, told the 'Daily News' that the multibillion project is scheduled to take off this year. Execution of the project comes as a great.... Read more »

Posted on : Tuesday , 14th February 2017

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