Business

How advanced automated operational risk management can protect your Payments Switch environment

With the rapid rise in digitisation, real-time payments environments have become increasingly complex and can be difficult to manage on a day-to-day basis because of the significant amount of monitoring data they produce. This means constant attention is needed to deliver the required level of service.

Somalia President approves Coastline oil exploration agreement

SOMALIA OPEN FOR BUSINESS AS PRESIDENT THROWS HIS SUPPORT AT MAJOR OIL EXPLORATION AGREEMENT Federal Government of Somalia approves Coastline's Production Sharing Agreements

Somaliland: Nimo Abdillahi Muhumed: Rebuilding from the ashes of the Waheen Market fire

Hargeisa– Nimo Abdillahi Muhumed knows a thing or two about patience.

Ethiopian Airlines suspends pilots for sleeping mid-air

Addis Ababa, Ethiopia - (Horn Observer) Two Ethiopian Airlines pilots that arrived at their destination while still cruising at more than 30,000 feet in the air have been suspended by the carrier.

Ethiopia: Halal food and tourism expo kicks off in Addis

Addis Ababa, Ethiopia (Horn Observer) The Halal Food and Tourism exhibition and forum, which is part of the Eid-to-Eid program, was officially opened in the Ethiopian capital Addis Ababa this week.

Somalia: Passenger plane crash lands in Mogadishu airport, passengers survived

Mogadishu, Somalia (Horn Observer) A passenger plane carrying more than 30 passengers crash landed at Mogadishu's Adan Abdulle International Airport on Monday officials said.

Sudan: Importance of Leather Industry in Sudan

Khartoum, July 16 - The leather industry has been a major item in the global trade market for thousands of years as some even claim that it may be the second oldest profession in the world. Today, it has undoubtedly become an industry of huge importance at the international level. In one year, more…

Trans-Saharan Gas Pipeline Offers Hope for Europe

By Kestér Kenn Klomegâh Europe is still looking for reliable alternative sources of energy especially gas, as its energy relations with Russia have nosedived. It has been exploring energy sources from the Asian region and Africa. While African energy sources exist, Africa lacks the needed infrastructure…

Ethiopia welcomes French Investments with open Arms - Statement

Ambassador of Ethiopia to France, H.E. Henok Teferra Shawl said investments are welcome with open arms, incentives, access to a market of over 115 million people and a fast-growing economy.

Centring Somalia's mobile money ecosystem in global debates

The recent GSMA report puts Africa at the forefront of the mobile money revolution. In 2021, the industry processed over $1 trillion in transactions — 70% of which were in Africa alone. In Somalia, digital payments have transformed our economy. Not least because of the scale of mobile money proliferation.

China and Africa Move into New Era of Cooperation

Despite its huge population of 1.5 billion which many have considered as an impediment, China's domestic economic reforms and collaborative strategic diplomacy with external countries have made it attain superpower status over the United States. While United States' influence is rapidly fading…

Spotlight on Infrastructure Development in Africa at Expo 2020

During the two-day high-level conference held within EXPO-2020 in Dubai, the African Union Commission (AUC) and the African Union Development Agency-NEPAD (AUC-NEPAD) presented a number of strategic continental infrastructure and energy projects for potential foreign investors, the aggregate cost undisclosed.…

Hidden Debts: Credit Suisse, Russia's VTB Agree to Final Settlement

Russia's VTB Capital and Credit Suisse have agreed to pay fines to the United States and British authorities for their role in a business fraud, which has been known as the "hidden debts" scandal since 2013 in Maputo, Mozambique.

Somalia blames foreign fishing fleets for destroying lives of local fisherfolk

MOGADISHU, Somalia (HORN OBSERVER) - Somalia has declared that illegal fishing will not be tolerated in Somalia, saying the country's small fisher community has been facing threat for years as a result of illegal fishing.

Opinion: Morning Economy

In developing countries, granting full economic freedom to producers in their "morning markets" will put the entire economy on the right track and will eliminate illegal activities inside countries and along the tense borders.

New U.S. travel rules excludes foreigners vaccinated with Russia's Sputnik V

Local and foreign media have stepped up reports about rising Covid-19 infections in Russia. The reports indicated high deaths in the country. Some new trends are noticeably appearing. Interestingly, Tourism and Travel agencies have revealed that vaccine uptake has lagged in Russia and worse, due to…

Somaliland police continue raids on civilian houses, confiscation of properties and deportation of civilians in Las-Anod

Las-Anod, Somaliland (Horn Observer) Somaliland police continues raids on civilian houses, arrests, forceful evictions of civilians and confiscation of properties owned by people who hail from Southern and central Somalia, a move many said is a collective punishment by Somaliland authorities.

Russia's Lukoil Finds A New Home In Senegal

Undoubtedly, a number of Russian companies have largely underperformed in Africa, which experts described as primarily due to multiple reasons. Most often, Russian investors strike important investment niches that still require long-term strategies and adequate country study. Grappling with reality,…

Dubai Chamber Continues Bolstering Economic Ties Between UAE And Africa

United Arab Emirates has launched its 6th edition of Global Business Forum Africa (GBF Africa) that aims at scaling-up and strengthening multifaceted business with Africa. With its first class Emirates airline, the airline network will facilitate the participation in the forum of African leaders and…

Italy contributes addition US$2 Million to boost Economic growth in Somalia

Mogadishu – The Government of Italy has made an additional US$2 million contribution to fund the Productive Sectors Development Programme (PSDP) that seeks to boost job creation, access to economic opportunities for women and youth, development and strengthen governance to boost economic growth in…