Ethiopian Airlines said it has not
suspended flights to China following an outbreak of the coronavirus. Ethiopian Group CEO, Tewolde Gebremariam told
FBC that they are operating their regular flights to all of their five gateways
in China, Beijing, Shanghai, Guangzhou, Chengdu and Hong Kong with the usual
supply and demand adjustment that they always make during the Chinese New Year
Holidays.
Economic growth in Rwanda could
accelerate to more than 10 percent this year if construction of a planned USD
1.3 billion airport starts, according to the World Bank, which increased its
estimate for 2019 expansion for a second time. https://bloom.bg/2ScvmV9
Moroccan airline Royal Air Maroc will
suspend direct flights to China on Friday until 29 February 2020 amid the
coronavirus outbreak, state news agency MAP reported. https://reut.rs/31hxEqn
The IMF wants the Government to get a
handle on its spending, and overhaul embattled parastatals to reduce its debt.
Such fiscal consolidation must be coupled with decisive structural reform to
boost investment and growth.
Kenya’s private sector is proposing to
sell flowers directly to Qatar as part of efforts to boost trade relations with
the Middle East country. The push for the flower exports to the Middle East was
one of the proposals that officials put on the table during the Kenya-Qatar
trade and investment forum, which opened in Nairobi Thursday
Nairobi’s Karen, Runda and Lavington
suburbs registered the highest number of properties placed in the market in
2019, affected by loss of exclusivity, changes in zoning laws and expatriates
shifting preference for serviced apartments. Realtor HassConsult said in their
2019 housing and land price survey that Karen accounted for 31.2 percent of the
supply of land advertised for sale in Nairobi suburbs.
The Communications Authority of Kenya
has dropped Equitel from the list of mobile money services it regulates,
declaring it a banking product
The Ethiopian Embassy in Qatar will be
holding the ‘Ethiopian Business Forum’ (EBF 2020) on 3 February 2020 at the
Millennium Hotel in Doha. Ambassador of Ethiopia to Qatar, Samia Zekaria told
the Gulf Times that the forum will be organised in collaboration with Qatari
company, KON. The forum is expected to gather leading businesses and Qatari
investors during the one-day event and will be a bilateral business,
investment, and trade forum between Qatar and Ethiopia
Liquidity in the money market has improved since December last year following Government payments and debt maturities, indicating easier flow of cash for investors. One of the liquidity measures, the average inter-bank rate, was recorded at 3.86 percent in the week ending 23 January 2020
