The East Africa Bank has initiated an ambitious expansion plan. The bank, which seeks to become one of the top financial institutions in the east African region, is targeting to venture into Ethiopia and other countries in the region. EAB Chief...
Eng. Ahmed Ali Nuur, the Spokesperson of GSK holding has in the strongest terms refuted the accusations levelled against the Mr. Ahmed Osman Geele by the Presidential spokesperson on Thursday. The spokesperson categorically denied termed all the accusations levelled against...
Tribunal orders Djibouti to pay DCT $385 million plus interest for breach of Doraleh Container Terminal SA (DCT)’s exclusivity DUBAI, United Arab Emirates, April 4, 2019/ -- Doraleh Container Terminal SA (DCT), a Djibouti port operator owned 33.34% by DP...
The Horn of Africa appears to be geared towards a new order set off by global competition over strategic interests. By MEHARI TADDELE MARU The Horn of Africa appears to be gearing towards a new order set off by a global competition...
When US security adviser John Bolton unveiled the Trump Administration's new Africa policy on Thursday, he made a point of talking about a single container port in the little East African nation Djibouti. Officials say that Doraleh Container Terminal...
The planning behind many of China’s major infrastructure projects abroad has been “downright inadequate”, leading to huge financial losses, according to the head of the country’s state export credit insurer. Wang Wen, of China Export and Credit Insurance Corporation, known...
With over 100 million people, Ethiopia is easily the most populous landlocked country on earth. When Eritrea seceded in 1993, Ethiopia lost access to its coastline, impeding its economic growth and limiting the nation’s ambitions of becoming a regional hegemon. No...
Paris-French President Emmanuel Macron has expressed support for Ethiopian Prime Minister Abiy Ahmed's ambitious reforms and diplomatic peace efforts. The 42-year-old African leader was on a working visit Monday to France in his first trip to Europe since taking office...
Djibouti Telecom, Somtel and TE SubCom have partnered to set up a submarine cable system to link the East African coastline. The 5,400 kilometer cable system dubbed the Djibouti Africa Regional Express 1(DARE1) will link Djibouti, Mogadishu, Mombasa and other...
Marine Gen. Thomas Waldhauser, commander of AfriCom, told the Senate Armed Services Committee that he expected the Chinese base on the Horn of Africa to be operational later this summer. Without getting specific, Waldhauser said he recently met with Djibouti’s...

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