NewsEast & Horn Africa

Fri,19Oct2018

East & Horn Africa

Ethiopian Airlines says it is in talks for stake in Eritrean Airlines

Aug. 9, 2012: Ethiopian Airlines chief executive Tewolde Gebremariam. Photo: Elias Asmare/AP/SIPAEthiopian Airlines is in talks to take a stake in Eritrean Airlines and a study will be conducted to determine the size of the acquisition, the Ethiopian carrier's chief executive said in an interview on Thursday.

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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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Eritrea reopens embassy in Ethiopia in fresh sign of diplomatic thaw

Eritrean President Isaias Afwerki, second left, and Ethiopia's Prime Minister Abiy Ahmed, center, hold hands as they wave at the crowds in Addis Ababa, Ethiopia, Sunday July 15, 2018. Photo: Mulugeta Ayene/AP/SIPAEritrea reopened its embassy in Ethiopia on Monday (July 16) in further evidence of a rapid thaw between the two countries that a week ago ended two decades of military stalemate over a border war in which tens of thousands died.

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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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