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Month: July 2015

East Africa : Maersk expects 10% Freight Growth

July 10, 2015 Khalid Al Mouahidi 0

The Danish shipping company A.P. Moeller-Maersk A/S freight volumes is expected to grow by 10 percent in the East African region this year due to the  acceleration […]

Energy: Egypt signs deals with Russia’s Rosneft

July 8, 2015 Khalid Al Mouahidi 0

Egypt’s government signed on Tuesday two initial deals with Russia’s top oil producer Rosneft to import petroleum products and LNG cargoes. Rosneft Chairman of the […]

Kenya: Uchumi Supermarkets to close underperforming branches

July 8, 2015 Steven Addamah 0

Uchumi, the oldest supermarket chain in Kenya could shut down some of its underperforming branches resulting in job losses as it restructures its business, the […]

IMF expects Namibia economy to grow by 5% in 2015

July 8, 2015 Khalid Al Mouahidi 0

As global economic conditions remain weak with no clear signs of a significant recovery expected soon, the Namibian economy remains relatively resilient, while inflation remains […]

Côte d’Ivoire signs concession deal for Abidjan urban rail line

July 8, 2015 Geraldine Boechat 0

Côte d’Ivoire has launched massive upgrades to its roads infrastructures and the government in this vision signed on Monday a concession agreement with France’s Bouygues […]

Tanzania jails former finance and mining ministers

July 8, 2015 Khalid Al Mouahidi 0

Two former Tanzanian ministers were sentenced to three years in jail after they were found guilty of issuing illegal tax exemptions to a gold audit […]

Seychelles: Inflation at 4.3 pct in June, Tourism Board forecasts 5% growth

July 8, 2015 Khalid Al Mouahidi 0

Seychelles’ inflation rose to 4.3 percent year-on-year in June from 4.0 percent a month earlier, official data showed on Wednesday. Month-on-month inflation stood at 0.5 […]

Orange to connect Benin and Canary Islands with submarine cable

July 8, 2015 Geraldine Boechat 0

Orange (formerly France Telecom), together with the other members of the ACE consortium, has announced the launch of the ACE cable in Cotonou, Benin and […]

Algeria accuses U.S of “simplistic” and “wrongful” reporting

July 8, 2015 Khalid Al Mouahidi 0

The Algerian foreign ministry has slammed a report from the U.S State Department that criticized the North African country’s human rights records. The ministry said […]

Egypt: ‘Freedom of press in danger under draft anti-terrorism law’, press syndicate

July 7, 2015 Khalid Al Mouahidi 0

The Press syndicate in Egypt went public on Monday to denounce the new draft anti-terrorism law which, they say, will jeopardize the freedom of press […]

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