Wednesday, June 28, 2017
Wardheer News

Omani firm says no job cut after Hass buy

Hass Petroleum said yesterday selling of 40 per cent stake to Oman Trading International (OTI) would involve neither change management team nor staff layout. The company said in a press release that the transaction entails sell of minority stake to … Continued

Ethiopian Airlines named African Airline of the Year 2017

Windhoek- Africa’s largest airline group, Ethiopian Airlines, has won the African Aviation African Airline of the Year Award for 2017, for the second year in a row, during the 26th Annual Air Finance Africa Conference & Exhibition held in Johannesburg, … Continued

Intelsat and Dalkom Somalia sign agreement

BY ROBERT BRIEL Intelsat and Dalkom Somalia have signed an agreement for satellite services. The new deal will expand its broadband enterprise and direct-to-home (DTH) services in East and Central Africa and the Middle East. Under a multi-year agreement, Dalkom, … Continued

Oman firm buys 40pc of fuel marketer Hass

By VICTOR JUMA Muscat-based Oman Trading International (OTI) is set to acquire a 40 per cent stake in Kenyan oil marketer Hass Petroleum, marking the latest deal in the retail business. Hass says transaction, whose value was not disclosed, will … Continued

Chinese-Built Railroad Speeds Growth in East Africa Region

By Song Shiqing A 480-kilometer, Chinese-built railway that could reshape East Africa’s economy by linking Kenya’s port of Mombasa to its capital Nairobi has officially opened. The project to build the $3.8 billion railway, dubbed the Madaraka Express, was Kenya’s largest … Continued

DP World to invest half a billion in Somaliland port

Dubai-based port operator DP World has announced plans to spend $442m on the expansion of its port at Berbera in Somaliland. The investment – which is about the same as the annual GDP of Somaliland – follows the official opening … Continued

Dubai Chamber, KNCCI sign MoU to boost ties

Dubai: The Dubai Chamber of Commerce and Industry and the Kenya National Chamber of Commerce and Industry (KNCCI) signed on Wednesday a memorandum of understanding (MoU) that established a practical framework for enhancing economic cooperation and strengthening trade ties between … Continued

Volvo trucks on big expansion in East Africa

Nairobi — Volvo AB’s trucks division is seeking to boost market share in Kenya, Uganda and Tanzania to as much as 18% from about 2%, as the East African region’s economic growth outpaces the sub-Saharan Africa average. The Swedish maker … Continued