Category: Business

World Bank: African GDP to Slow to 3.7 Percent

VOA Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank said on Monday. The region’s economy, which grew 4.6 percent last year, will strengthen only marginally in the next two years, it predicted. “Growth

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Ethiopian Airlines to Buy 15 to 20 Boeing 777X Jetliners

Ethiopian Airlines to Buy 15 to 20 Boeing 777X Jetliners, CEO Says Carrier also considered Airbus’s A350-1000 widebody but deemed Boeing plane better suited its operations. By ROBERT WALL, WSJ Ethiopian Airlines plans to place an order for Boeing Co. 777X long-range jetliners before the end of the year, the East African carrier’s chief executive

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Shutdown of U.S. Ex-Im Bank Puts Ethiopian Airlines in a Financing Bind

Shutdown of U.S. Ex-Im Bank Puts Ethiopian Airlines in a Financing Bind Shutdown of U.S. Ex-Im Bank Puts Companies in a Financing Bind By Kimberly S. Johnson, The Wall Street Journal Ethiopian Airlines had to scramble at the last minute this summer when it needed to pay for a plane it ordered from Boeing Co.

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Ethiopia, Djibouti Agree on Blackstone-Backed Fuel Pipeline

By Paul Burkhardt, Bloomberg The 550-kilometer line will import fuel from Djibouti coast Venture estimated at $1.55 billion; construction by 2018 Ethiopia and Djibouti signed an agreement for a $1.55 billion fuel pipeline with developers Mining, Oil & Gas Services and Blackstone Group LP-backed Black Rhino Group. The two countries in the Horn of Africa

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Ethiopia, Djibouti Agree on Blackstone-Backed Fuel Pipeline

By Paul Burkhardt, Bloomberg The 550-kilometer line will import fuel from Djibouti coast Venture estimated at $1.55 billion; construction by 2018 Ethiopia and Djibouti signed an agreement for a $1.55 billion fuel pipeline with developers Mining, Oil & Gas Services and Blackstone Group LP-backed Black Rhino Group. The two countries in the Horn of Africa

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Business and bureaucracy: Ethiopia entrepreneurs overcome hurdles

By Karim Lebhour Addis Ababa (AFP) – The large open plan office with staff behind sleek computers looks like any newly-started modern business. But Ethiopia’s first online restaurant delivery service, Deliver Addis, must contend with major hurdles that would stall many entrepreneurs in more developed nations. Setting up any business is a challenge, but in

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Business and bureaucracy: Ethiopia entrepreneurs overcome hurdles

By Karim Lebhour Addis Ababa (AFP) – The large open plan office with staff behind sleek computers looks like any newly-started modern business. But Ethiopia’s first online restaurant delivery service, Deliver Addis, must contend with major hurdles that would stall many entrepreneurs in more developed nations. Setting up any business is a challenge, but in

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Billions of people in developing world have no access to Internet – UN

UNITED NATIONS: Broadband Internet is failing to reach billions of people living in the developing world, including 90 percent of those living in the poorest nations, a new UN report said on Monday (Tuesday in Manila). Fifty-seven percent of the world’s people remain offline and unable to take advantage of the enormous economic and social

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