Business

U.S. paving path with Build Act to rival Chinese investment in Africa

u.s. investment africa

United States President Donald Trump is paving the paths to rival China’s enhanced economy and political influence in Africa. His administration is to approve an initiative to overhaul investment strategy and the main beneficiary would be Kenya. According to a State Department official the plan designed for the Sub-Saharan region is strategic and to offer better alternative to the African ...

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Hilton to open more hotels in Africa

hilton hotel africa

With the rise in middle class in some of the world’s fastest growing economies in Africa the Hilton Worldwide Holdings has lately planned increase its existence by adding more hotels, about double the strength, in the continent in next five years time. According to the company’s president and chief executive officer, Chris Nassetta, the target would be achieved mainly by ...

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South Sudan’s peace deal fake; To benefit oil companies, government, elites

south sudan

Post-independence civil war in South Sudan has seen about 400,000 deaths and now the country is trying to come out of it and see the black gold pumping but it is a big question who will mostly gain from expanded oil production. Until now billions of dollars have been lost in oil revenue in the war-torn country and following power-sharing ...

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Gold Mining Acacia to Add Job, Business Opportunities for Tanzanians

acacia tanzanian job

Acacia Mining will be adding more job opportunities for the people in Tanzania and some good business deals for local suppliers with its plans of relocating the core business functions to the country by mid next year. In a released statement company revealed about plans of relocating supply chain, sales and payroll, mainly based in Dar es Salaam or in ...

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Air Tanzania to Lure Indian Tourists with Direct Flights Starting This November

Air Tanzania

This November Air Tanzania could resume its services to the south Asian country India. In the 1990s it had direct flights to India but later commercial reasons were cited and services were stopped. Similarly Air India had direct flights to African country then and the reasons for stopping were the same. According to Tanzania Tourist Board Managing Director Devota Mdachi ...

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Ethiopia Opens Shared Border With Eritrea After Two Decades

Ethiopia Border Eritrea

Ethiopia and Eritrea reopened their shared border point Tuesday after twenty long years to help boost trade between the two nations. Ethiopia Prime Minister Abiy Ahmed signed a formal declaration of peace earlier this year with counterpart Isaias Afwerki. Abiy’s chief of staff, Fitsum Arega, tweeted the reopening has created a frontier of peace and friendship. Both the leaders visited ...

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More Chinese Private Companies Eyeing to Invest in Africa

china africa business

Chinese companies are seeking for more businesses in Africa and a recent data reveals trade between the two regions reached 170 billion USD in 2017, which is a rise of 14 percent compared to a year ago. Sino-Africa economic summit held Thursday in Hangzhou in east China’s Zhejiang Province were attended by hundreds of representatives from private companies, research institutions ...

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