Kevin Mwanza, 8:42 am
The Abraaj Group, a United Arab Emirates (UAE) based private-equity investment firm, is seeking to invest in Kenya’s growing healthcare market and use it as a launching pad to build a network of hospitals to offer decent and affordable medical services in Africa. The Dubai-based group is in talks to acquire Metropolitan Hospital and other healthcare centers in the capital of East Africa’s biggest economy
Kevin Mwanza, 5:59 am
Djibouti, the tiny African nation near the Gulf of Eden, is fast becoming an attractive destination for the global military powers. The eastern African nation hosts the biggest America naval base in Africa, Camp Lemonnier which is the hub of America’s counter-terrorism war in the horn of Africa and the Middle East. It has about 3,200 U.S troops. France has the second biggest foreign military camp in the nation. China is also building its first ever base in the horn of Africa country.
Kevin Mwanza, 5:00 am
Tanzania has pulled out of the East African Community (EAC) common visa, in a move described by analysts as a plan to protect itself from economic competition from the region’s other nations. The decision effectively locks out Tanzania from ‘coalition of the willing’, an initiative by the region’s nations of Kenya, Uganda and Rwanda to promote tourism and enable their nationals to freely engage in business without restricted movement
Kevin Mwanza, 10:46 am
Algeria has opened the first ever internet addiction rehab facility in Africa earmarking the downside of an increase in internet use across the continent. The clinic aims to cure internet fanatics in the North African nation where only 23.8 percent of its 40 million people have access to the internet and has more than 10 million Facebook users. The clinic in Constantine, east of the capital, attends to patients as young as 14 years
Kevin Mwanza, 6:00 am AFKI Original
The governments of Ethiopia and Djibouti opened a 752.7 kilometer electric railway, to serve the two horn of Africa neighbors. The railway will provide a faster transportation of goods and people between the two nations. It will also boost Ethiopia’s landlocked economy through the transport of cargo from the Port of Djibouti. The port handles about 90 percent of the imports into Ethiopia. Below are 10 things you need to know about the railway.
Kevin Mwanza, 4:58 am
Atlas Mara, an Africa-focused investment vehicle set up by ex- Barclays CEO Bob Diamond, has experienced hard times in its efforts to become the leading financial player in sub-Saharan Africa and capitalize on the continent’s vast unbanked population. Diamond set up the investment company in 2013 to buy African banks but has since faced a number of hurdles due to the fall in global commodity prices and depreciating currencies. While Altas Mara has spread to seven countries across Africa,
Kevin Mwanza, 8:21 am
Ivanka Trump, daughter to U.S. presidential candidate Donald Trump, may soon start producing her shoe collection in Africa after Huajian International Group, a Chinese company that makes her footwear, announced plans to shift base to Ethiopia. The shoe-maker currently manufactures in China but plans to relocate to the horn of Africa nation where production costs and labor are cheaper. “My goal is to create 30,000 jobs in Ethiopia by 2020, with exports reaching $1 billion to $1.5 billion,”
Kevin Mwanza, 7:48 am
Malawi President Peter Mutharika is yet to return home two weeks after the United Nations General (UN) Assembly ended in New York, sparking fears that he may be critically ill. The government has urged citizens to ignore rumors about Mutharika’s health amid mounting fears that he remained in the U.S to undergo treatment. He has not appeared in public since September 25, when he addressed the UN General Assembly.
Kevin Mwanza, 10:53 am
The hotel industry will enjoy a boom in sub-Saharan Africa in the next three years, with East Africa leading the growth that will see about $3.6 billion worth of investment into the sector in the next two years. Tourism, diplomatic and non-governmental activities in the East African nations of Kenya, Rwanda and Ethiopia are leading the growth.
Kevin Mwanza, 7:47 am
The government of Ethiopia declared a state of emergency in efforts to restore order after months of violent clashes since the Oromia protests began. This is the first time in 25 years that the government has declared a state of emergency in the horn of Africa nation. It will be in force for the next six months. “A state of emergency has been declared because the situation posed threat against the people of the country.