Africa Business News Highlights

MOZAMBIQUE

Mozambique recently hosted the first business forum of the South African Development Comunity (SADC). One of the highlights was from Mr Luis Magaco, a reputable economist in the country. He stated that some businesses might need to implement temporary layoffs for business survival https://bit.ly/3A2jNVN

ETHIOPIA

Ethiopia has signed a $94 million groundwater irrigation project with Korea which should be implemented in the Oromia region. The project is expected to benefit nearly 20,000 households and develop 5,000 hectares of land https://bit.ly/2TauYer

KENYA

Kenya has opened the Lamu Port to Ethiopia following a visit from Ethiopian journalists and investors. The Head of the Kenya Ports Authority after a meet with the Ethiopian Ambassador to Kenya formed an agreement to facilitate a conducive environment for trade https://bit.ly/3h4Zy10.