News East & Horn Africa

Tue,21Apr2015

East & Horn Africa

Ethiopians suffer atrocities in Libya and South Africa

The US government and Ethiopia have condemned the purported executions of Ethiopian Christians in Libya by extremist group Islamic State in the North African nation.

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Aviation: Kenya Airways to sell assets, seeks loan to navigate cash crunch

Photo©ReutersKenya Airways is to sell some older planes and land and is negotiating a bridging loan to help it through a cash crunch caused by a drop in passenger numbers, its chief executive said on Friday.

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Ethiopia: World Bank invests in local company

Photo©ReutersEthiopian based flower grower, Afriflora Group, is set to benefit from a World Bank finance facility, after the bank announced it will lend up to €90 million to the company.

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Ethiopian farmers are getting 60% more of the value

Ermias Eshetu Chief executive, Ethiopia Commodity Exchange. Photo©All Rights ReservedHaving launched operations in 2008, the ethiopia Commodity exchange has moved out of its pilot phase and plans to ramp up technology to improve speed and traceability.

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Tanzanian mobile phone subscribers jump by 16 pct in 2014

Photo©ReutersThe number of mobile phone subscribers in Tanzania rose by 16 percent in 2014 to 31.86 million, the telecoms regulator said, marking further growth in the communications sector already ranked as the fastest expanding in the economy.

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Tensions rise in Burundi ahead of May 26 polls

Pierre Nkurunziza has been in power since 2005, and has denied arming his party's youth wing. Photo©ReutersBurundi's ruling party has been accused of arming its youth wing as tension worsens in the East African country ahead of presidential elections where President Pierre Nkurunziza could run for a contentious third term.

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