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Ethiopia to Build Four New Industry Parks

Ethiopia announced plans to build four industrial parks by the end of the year, according to Ethiopian Investment Commission.

Congo seeks Chinas help to secure

The China-Africa Cooperation Forum to be held in Beijing from 3 to 4 September will be another opportunity for the Republic of Congo to solicit China’s support in its attempt to

Nigerian lawmakers to investigate state

Nigerian lawmakers voted on Tuesday to investigate the state oil firm over a shortfall in revenue remittances to government coffers, in a motion passed by the lower house of

Ethiopia to Open Up Telecoms, Airline to

Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more

Ethiopia to start extracting crude oil

Ethiopia is to start extracting the first ever crude oil deposit from Ethio-Somali Region as of tomorrow, The Reporter learnt

Investment restrictions; Oil surge; GE

1. Investment restrictions: The White House is expected to announce new investment restrictions on Wednesday.

Brexit fears putting 850,000 automotive

Britains car manufacturers have urged Prime Minister Theresa May to rethink her position on the customs union as investment in the countrys motor industry halves.

US tariffs: Steel and aluminium levies

The US is to impose tariffs on steel and aluminium imports from allies in Europe and North America.

Markets steady as Italian fears ease

European stock markets made a modest recovery and the euro rose on Wednesday as fears over political turmoil in the eurozones third-largest economy eased.

Colombo Port records world’s second

The Port of Colombo recorded a 16.2% growth for the 1st quarter 2018 over same quarter last year In container handling according to Alphaliner Monthly 2018.

Nigerias Bodo community claims win over

A British judge ruled on Thursday that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should

Apple awarded $539m in US patent case

A US court has ordered South Koreas Samsung Electronics pay $539m (£403m) in damages for copying features of Apples original iPhone.

Korea Boost Bilateral Financial

The Korean government announced Korea announced increasing its bilateral financial assistance package for Africa to $5 billion until the year 2020.

Ethiopia Earned USD 2.1 Billion From

Ethiopia earned USD 2.1 billion USD from exported products against the estimated 3.66 billion USD. According to Wondimu Flate, PR Head at the Ministry of Trade, a 1.58 billion USD

Ethiopia: Inflation Declines to 13.7% in

Inflation declined in Ethiopia to 13.7 percent despite the price uplift in clothing, footwear, house repair and maintenance equipment. According to the Central Statistical Agency

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