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Ethiopian Diaspora Raises Millions Towards Grand Ethiopian Renaissance Dam Construction

Ethiopian Diaspora Raises Millions Towards Grand Ethiopian Renaissance Dam Construction

The Ministry of Foreign Affairs announced that the Ethiopian Diaspora Community in different parts of the world raised 2,101,000 USD to back the construction of the Grand Ethiopian Renaissance Dam (GERD). In a press briefing Friday, Ministry Spokesperson Tewolde Mulgeta said the contribution was made during the last six months in the form of bond […]

The U.S.$202 million Gwanda scam successfully masterminded by flamboyant businessman Sir Wicknell Chivayo

The U.S.$202 million Gwanda scam successfully masterminded by flamboyant businessman Sir Wicknell Chivayo

Just some 10 kilometres before Gwanda was a police roadblock (quite a realistic expectation on the country’s highways these days) and to us it was a somewhat good omen – what a better source of information than a policeman? After the usual formalities of the stoppage, we enquired from the attending policeman how we could […]

Setting Non-Partisan Agenda On Grand Ethiopian Renaissance Dam

Setting Non-Partisan Agenda On Grand Ethiopian Renaissance Dam

Prime Minister Hailemariam Dessalegn had discussed with Egyptian President Abdel Fattah Al-Sisi while here, in Addis Ababa for the 28th African Union (AU) Summit. The two leaders had held thoroughly discussion focusing on the Grand Ethiopian Renaissance Dam (GERD) and building mutual trust, confidence and strengthening their bi-lateral ties. In their joint statement the two […]

7 Billion Shillings Dry Port to Ease Pile-Up at Tanzania’s Dar es Salaam port

7 Billion Shillings Dry Port to Ease Pile-Up at Tanzania’s Dar es Salaam port

Cargo pile-up at Dar es Salaam port and traffic jams on the city roads are likely to ease soon, thanks to a multibillion dry port project at Ruvu in Coast Region. Works, Transport and Communications Minister Prof Makame Mbarawa is optimistic construction of the 7.3bn/- inland container depot that will receive cargo through the central […]

DR Congo, Tanzania, Zambia and Burundi to Meet On Lake Tanganyika Oil

DR Congo, Tanzania, Zambia and Burundi to Meet On Lake Tanganyika Oil

Four countries sharing the Lake Tanganyika basin will hold a meeting next week in the Democratic Republic of Congo (DRC) to discuss a joint exploration of oil and gas in the second deepest lake in the world. The minister for Energy and Minerals, Prof Sospeter Muhongo, yesterday told the august House that there are traces […]

Ethiopian Parliament Approves Infrastructure Loan Agreement With Chinese Bank

Ethiopian Parliament Approves Infrastructure Loan Agreement With Chinese Bank

Ethiopia’s parliament on Tuesday approved a 250-million-U.S.-dollar loan agreement made with China’s Export-Import (Exim) Bank to finance major infrastructure construction in the country. The loan agreement, already approved by the Ethiopian House of Peoples’ Representatives, the lower house, would finance supply and construction of 400-kv power transmission projects of Genale Dawa III-Yirgalem II-Wolayita Sodo II-Hawassa […]

Chinese-Invested Uranium Mine in Namibia Sets Production Goal

Chinese-Invested Uranium Mine in Namibia Sets Production Goal

The Husab Uranium Mine in Namibia, one of China’s biggest single investment in Africa, will target production of 15 million pounds of U3O8 per year. Beata Muteka, Brand Manager at Swakop Uranium’s Husab Mine, told Xinhua that the mine produced the first drum of uranium oxide on Dec 30, 2016. China General Nuclear Power Company […]

Dar es Salaam Port Can Convert Tanzania Into Trade Hub in East Africa

Dar es Salaam Port Can Convert Tanzania Into Trade Hub in East Africa

Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week can report. “The Dar es Salaam port is an engine for economic growth, if we invest […]

Road Projects Expanding, Authority Awards Billions

Road Projects Expanding, Authority Awards Billions

Six new roads are in the works in the Southern Nation Nationalities & Peoples’ regional state, Somali regional state, Oromia regional state and Benishangul Gumuz regional state. The projects were awarded to three foreign contractors and three local private construction companies by the Ethiopian Roads Authority (ERA). All six projects are worth six billion Birr. […]

Mauritius’ IOX Wants to Build an International Cable to Link India to Africa – ‘We Are Not Operators, We Are Facilitators for the Operators.’

Mauritius’ IOX Wants to Build an International Cable to Link India to Africa – ‘We Are Not Operators, We Are Facilitators for the Operators.’

An ambitious new cable project is seeking to link Mauritius to Africa and India. Formerly with Seacom, IOX’s Arun Kandasamy wants to make Mauritius a hub for enterprise business and a stepping stone for Indian businesses to enter African markets. Russell Southwood spoke to IOX Founder and CEO Arun Kandasamy this week. Kandasamy says that […]

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