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Foreign Investment Gives Ethiopia over Four Billion Dollars

Ethiopia attracted over four billion dollars in Direct Foreign Investment (DFI) during the last fiscal year, which ended on July 8, confirmed here official sources. According to the spokesperson of.

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Kenya: Medical Suppliers Lost Sh114 Million in Sales Due to Delays at Inland Container Depot

Medical suppliers has lost Sh114 million in sales owing to delays in clearing consignments at the inland container depot in Nairobi. Mission for Essential Drugs and Supplies (MEDS), a regional.

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Dangote signs 20yr deal with TPDC for supply of gas to its Tanzanian plant

Tanzania Petroleum Development Corporation (TPDC) and Dangote Cement yesterday signed a 20-year deal that will see the cement maker produce electricity for the production of cement at Dangote’s Mtwara plant.

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World leaders meet to discuss water crisis

World leaders, water, development experts, among other stakeholders are converging on Stockholm, Sweden, to find new, nature-based solutions to meet escalating global water crisis. In a statement by Jens Berggren,.

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Crude oil transportation from Turkana to Mombasa begins after stand-off

Transportation of crude oil from Turkana to Mombasa resumed on Thursday after nearly fifty days of stand-off between a local community and the Government. After a series of meetings and.

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Tanzania: Unilever Invests Over 100 Bn/ – in Tanzania in Four Years

THE Unilever Tea Tanzania (UTT) has invested a total of 100 bn/- in various projects for the development of the country’s tea in line of seeking to meet its pledges.

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African Rainbow Minerals expects 13% profit increase

Listed diversified mining group African Rainbow Minerals (ARM) expects headline earnings per share for the financial year to September to increase by between 41 and 54 percent. this will be.

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Kenya to sign $3.8b SGR deal next month

Kenya is expected to sign a Ksh380 billion ($3.8 billion) contract for the second phase of the Standard Gauge Railway (SGR) in September. Transport and Infrastructure Cabinet Secretary James Macharia.

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South African Government Slams US President for Remark on Land Reform in Country

The South African president’s office will seek an explanation from the US Embassy about US president’s tweet on land reform, the state broadcaster SABS reported. President Cyril Ramaphosa’s Spokeswoman also.

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The Central Bank of Nigeria asks banks to submit bids for second Chinese yuan auction

The Central Bank of Nigeria (CBN) has asked banks to submit bids for the Chinese yuan in line with the regulator’s determination to meet foreign exchange demands at the retail.

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