Renson Mwakandana As Ethiopia struggles with high inflation rates, the head of Ethiopia’s central bank has been removed. The year 2018 saw the appointment of Yinager Dessie as governor of the National Bank of Ethiopia (NBE), shortly after Prime Minister Abiy Ahmed took office. Mamo Mihretu, who once advised the PM on economic matters and […]
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Renson Mwakandana By November 2022, Tanzania’s diamond exports reached $63.1 million (Sh147.46 billion), according to data from the Bank of Tanzania. This is a sevenfold increase over the $8.4 million (Sh19.63 billion) export value that was reported for the year ending in November of the previous year. The nation’s diamond producer Williamson Mines, which is temporarily […]
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Renson Mwakandana An important coastal town in Somalia that had been controlled by al-Shabab militants for more than ten years has now been taken by the military. The capture of Haradhere, located in the center of Galmudug state, was hailed as a historic achievement by Prime Minister Hamza Abdi Barre. He said that the nation’s enemies […]
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Renson Mwakandana The bombing of a Pentecostal church in Kasindi, in the country’s east, has been attributed by the Democratic Republic of the Congo’s government to rebels associated with the Islamic State organization. According to authorities, when churchgoers attended Sunday services, 17 people were murdered and 39 others were injured.The Allied Democratic Forces(ADF) were accused of attacking by […]
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Renson Mwakandana The contract between the Ugandan government and China Harbour Engineering Company (CHEC) to construct the nation’s first phase of standard gauge railway (SGR), a 273km line from Malaba to Kampala, has been cancelled after eight years of non-execution. The line between Uganda and Kenya, commencing at the Malaba border post, was estimated to […]
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Renson Mwakandana According to the ceasefire deal struck in South Africa in November, the rebel Tigrayan troops in northern Ethiopia have turned over their heavy weaponry. A monitoring and verification team from the African Union validated the transfer, according to Getachew Reda’s tweet. The action, together with the restoration of services in the area where […]
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Renson Mwakandana Tanzania has revised the tariff rules mandating ride-hailing companies to reduce their fees, giving Uber and Bolt a breather after they threatened to leave the market because of the harsh regulatory climate. According to the Land Transport Regulatory Authority (Latra), which determines and authorizes ride-hailing operators’ prices, the businesses are now permitted to charge […]
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Renson Mwakandana In a statement posted on Facebook, the self-declared republic of Somaliland’s ministry of energy and natural resources claimed the finding of an oil well in the Sallahey area of the Marodi-Jeh region. The ministry claimed that after a black liquid leaked from a nearby waterwell drilling site, it conducted scientific examinations, and the findings supported the detection of oil. […]
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Renson Mwakandana In order to entice users away from Ethiotel, which had previously been the only mobile phone provider in the Horn of Africa nation, Safaricom has ruled out pricing competition in the Ethiopian market. Instead, the telco claims it would maintain phone and data rates that are comparable to those of Ethiotel, the government-owned […]
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Renson Mwakandana According to the contractor, Chinese Railway and Bridge Cooperation (CRBC), 95% of the construction on the $301 million Kampala-Malaba metre gauge railway line has been completed. The African Development Bank Group (AfDB) provided funds for the line’s phased restoration, which got underway in February and is scheduled to be finished next month. Engineering […]
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