East Africa economic news

From Sudan to Senegal, Africa’s head-turning new airports…with a helping hand from Chinese friends

Follow us on Twitter: @GoAfricaNetwork EVEN though Africa accounts for about 15% of the world’s human population, its air traffic handles only 2.85% of air passengers. It is also home to only two airports which feature in the top 150 worldwide airports for highest annual passengers handled: Johannesburg’s OR Tambo and Cairo International, at two opposite sides of the […]

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Ethiopia: New International Airport to Be ‘As Big As Heathrow’

Follow us on Twitter: @GoAfricaNetwork Ethiopia is set to complete expansion work on Addis Ababa Bole International Airport in 2018 and is planning to commission a new facility to meet rising demand. According to Global Construction Review (GCR), less than a decade ago, Bole handled fewer than a million passengers a year, but that rose

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Kenya: Lapsset Gets Continent’s Full Attention After AU Backing

Follow Us on Twitter: @GoAfricaNetwork Nairobi — The Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) Corridor Project status has moved a notch higher after admission as a Presidential Infrastructure Champion Initiative (PICI) project under the African Union (AU) Commission. The project will now enjoy the attention of the Heads of State from seven African countries on

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MTN set to empower African businesses with Amazon Web Services (AWS) Direct Connect to business customers

Follow us on Twitter: @GoAfricaNetwork MTN Group today announced it would be the first African company to offer Amazon Web Services (AWS) Direct Connect to business customers across multiple countries on the continent. The new service will leverage the extensive footprint of MTN’s Global MPLS network, to provide customers with connectivity between their data centres

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These Cars Were designed and Made in Africa by Africans, Which One Will You Be Driving?

Follow us on Twitter: @GoAfricaNetwork The Kantanka is a car that was conceived, designed and made in Ghana. This brand of cars is probably the most promising of all the cars made in Africa right now. The Kantanka Automobile Company has announced that its cars willhit the streets in January subject to the Ghana Standards Authority

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Ethiopia, Kenya Ink Cross-Border Trade Agreement

Follow us on Twitter: @GoAfricaNetwork The governments of Kenya and Ethiopia have signed an agreement that aims at creating opportunities for communities at the borders of the two countries, President Uhuru Kenyatta said on Wednesday adding that the agreement will create stability and security. Speaking at a farewell ceremony for Ethiopia’s Ambassador to Kenya, Shemsedin

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East Africa Puts Pressure on Exploration Investment in Nigeria

Follow us on Twitter: @GoAfriaNetwork.org Nigeria is no longer the preferred destination for oil exploration in Africa, the Managing Director\Chief Executive, Total Upstream Company in Nigeria, Elisabeth Proust, has said. Proust attributed this to stiff competition from East Africa with large volumes of gas discovered in Mozambique, Tanzania, Kenya and Angola. According to her, these

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Stuck in the waiting room

Follow Us On Twitter: @GoAfricaNetwork A long-touted health-care revolution may at last be about to arrive Oct 11th 2014 | ROME | From the print edition THE idea of telemedicine—health care provided using telecommunications equipment—has a lengthy history. Radio News, an American magazine, devoted its cover to a patient at home consulting a doctor in

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Finance: Building a Banking hub for Africa

Follow us on Twitter: @GoAfricaNetwork The financial services sector is forging new partnerships and adapting its product offerings to help investors expand their activities throughout Africa. Mauritius is positioning itself to become an Africa-focused financial support centre, modelling itself on the role Singapore is playing in Southeast Asia. Africa is the big opportunity over the

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Uganda to seek $8 bn China loan to fund railway construction

Uganda is hoping to secure an $8 billion loan from China to build a railway network to revamp the country’s transport infrastructure as it prepares to start oil production. As in other areas of Sub-Saharan Africa, China has become a major investor in Uganda. It has mostly channelled funds into roads, hydro power dams, fibre

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