Business

Mon,24Sep2018

Business

First Ethiopia-Eritrea flight in 20 years seals peace deal

Eritrean President Isaias Afwerki, right is welcomed by Ethiopia's Prime Minister Abiy Ahmed, second right upon his arrival at Addis Ababa International Airport, Ethiopia, Saturday, July 14, 2018. Photo: Mulugeta Ayene/AP/SIPAThe first commercial flights from Ethiopia to Eritrea in 20 years took off early today, sealing a stunning reconciliation between the former enemies a week after they ended their military standoff.

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Kenya to launch Nairobi financial centre later this year-finmin

Pedestrians walk past the closed doors of a money-transfer service in Nairobi, Kenya Wednesday, April 8, 2015. Photo: Khalil Senosi/AP/SIPAKenya will launch its international financial centre in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday.

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Kenya's Safaricom taking M-Pesa to Ethiopia, sources say

Robert Collymore, CEO of Safaricom, speaks at the Clinton Global Initiative, Monday, Sept. 28, 2015 in New York. Photo:  Mark Lennihan/AP/SIPAKenya's Safaricom is in advanced talks with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday.

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INSURANCE: Pan-African players

The Mutual Building - cREDIT/ AndyB
Insurance companies have been slower than banks to develop continental ambitions. Executives from two South African big-hitters, Sanlam and Old Mutual, tell The Africa Report about their existing African footprints and plans for expansion

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Kenyan bank KCB could seek partner in Ethiopia as country opens up

city scene of Addis Ababa. Photo: Mulugeta Ayene/AP/SIPAKCB Group, Kenya's biggest bank by assets, will look at partnering with a local bank in Ethiopia, where a potential liberalisation of foreign investment rules could open up a market of 100 million people.

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Old Mutual appoints Deloitte as joint auditor in a blow to scandal-hit KPMG

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPASouth African insurer Old Mutual has appointed Deloitte as joint auditor alongside scandal-hit KPMG, it said on Thursday, an unusual move reflecting what it said were unresolved challenges related to its sole auditor for nearly two decades.

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Tunisia tourism revenues jump as Europeans return

Tourists enjoy on the beach of the Tunisian hotel where foreign tourists were massacred in 2015, as it reopens Tuesday May 2, 2017 in Sousse. Photos; Sami Toukef/AP/SIPATunisia's tourism revenues grew by 40 percent in the first half of 2018 compared to the same period last year, the government said Thursday, driven by a strong return of European tourists three years after they were targetted in militant attacks.

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