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Ethiopia to Build Four New Industry

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

Belachew Mekuria, the commissioner of the Ethiopia Investment Commission, said the

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 secure financial support from the International Monetary Fund (IMF).

China is Congo’s largest

Nigerian lawmakers to investigate state

Last month, Nigeria’s finance minister called the Nigerian National Petroleum Corporation’s (NNPC’s) payments to the government account “unacceptable”, as they were less than expected in light of higher crude oil prices.

Those publicly-raised concerns

Ethiopia to Open Up Telecoms, Airline

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 receptive to outside interests in Africa’s second-most populous nation.

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.

It is to be recalled that back in March, 2018, Poly-GCL, a Chinese company engaged in oil and gas exploration and development project in the Ethio-Somali Regional State, has already discovered oil and

Investment restrictions; Oil surge; GE

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

The United States has long accused China of intellectual property theft, which it says has cost the US economy

Brexit fears putting 850,000 automotive

By Abid Ali, business reporter

Britain's car manufacturers have urged Prime Minister Theresa May to rethink her position on the customs union as investment in the country's motor industry halves. 

The Society of Motor Manufacturers and Traders (SMMT) said investment in new cars and plants slumped to £347m

US tariffs: Steel and aluminium levies

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

The US said a 25% tax on steel and 10% tax on aluminium from the EU, Mexico and Canada will start at midnight.

The move immediately triggered vows of retaliation from Mexico and the EU, which called the tariffs

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 eurozone's third-largest economy eased.

Milan jumped 1% and London and Frankfurt were all higher after sharp falls on Tuesday.

Paris was dragged lower, meanwhile, by a sell-off in French banks amid concerns

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