Oranto to explore oil in South Sudan
Oranto Petroleum says it is going to invest $500 million to develop South Sudan’s Block B3. The company launched a comprehensive exploration campaign yesterday.
Key facts about tourism in Ethiopia
Ethiopia generates substantial income from its tourism sector. The country received over 900,000 visitors in 2015. In the same year, according to World Bank report, tourism created about 1 million jobs while…
Asoko Insight opens Ethiopia research office
Africa’s largest corporate data provider, Asoko Insight, has formally established operations in Ethiopia with the opening of its Addis Ababa office yesterday.
Geneva set to host 5th Africa CEO Forum
The 5th edition of the AFRICA CEO FORUM will take place from 20 – 21 March in Geneva and will focus on how to succeed in this new economic cycle on the…
Quantum Global named Best Investment Company Angola 2016
African focused investment firm Quantum Global Group were announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016.
Africa, Germany eye strengthening investment
Germany is set to host the first ever privately held event exclusively dedicated to strengthening trade and investment ties between Germany and the African continent.
Hilton Addis Ababa celebrates 2016 elevate 1 graduates
Hilton Addis Ababa has celebrated the graduates of its 2016 Elevate 1, program. The 12 participants of the program are provided remarkable opportunities for growth and success across the organization.
Quantum Global’s Hotel Fund acquires Mövenpick Ambassador Hotel Accra
Quantum Global (QG) Africa Hotel LP, a Mauritius based investment fund managed by Quantum Global Investments Africa Management Ltd., today announced the acquisition of the Movenpick Ambassador Hotel Accra from Kingdom Holding…
Partners launch first Africa branding, reputation competition
The Holmes Group is partnering with the African Public Relations Association is set to launch its first ever African SABRE Awards. The competition is now open for entries, and the winners will…
Nairobi set to host East Africa’s Islamic economy summit
With the aim of exploring how East Africa can tap into the Islamic Economy, with an estimated global value of $2.3 trillion, Kenya is set to host the 2nd edition of the East…
New gold mines trigger Burkina Faso’s economic recovery
After two years of weak growth, Burkina Faso’s Economic activity started to recover in 2016 following the entry of new gold mines, said the International Monetary Fund (IMF).
Ethiopia, America discuss democracy, human rights
Ethiopian government and United States officials met in Addis Ababa on Thursday for the 7th Bilateral Democracy, Governance and Human Rights Working Group.
African Development Bank finances investment on energy
African Development Bank (AfDB) approves USD 50 million equity investment and USD 50 million convertible loan to seed the establishment of the multi-investor USD 500 million Facility for Energy Inclusion (FEI).
Conference urges to making agriculture centre of Africa’s development
The 11th African Economic Conference (AEC) wound up in Abuja, Nigeria on Wednesday, after three days of intensive discussions on how African countries can achieve agro-allied industrialization. Over 300 participants attended the…