East Africa Business Communities

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July 2010 Blog Posts (18)

World Bank Boosts Support for Poverty Reduction and Power Access in Djibouti

Efforts by the Government of Djibouti to accelerate poverty reduction in the poorest areas of its capital and to expand access to electricity for poor people received further support from the World Bank today with additional grant financing of $8.9 million



The Republic of Djibouti and the World Bank signed additional financing agreements for the Power Access and Diversification Project (US$6.00 million) and Djibouti’s Urban Poverty Reduction Project (US$ 2.9 million). Ambassador… Continue

Added by Linda Larbie on July 30, 2010 at 4:19pm — No Comments

Ethiopian Sponsors the 2010 Great Ethiopian Run

Ethiopian Airlines proudly announces that it took again the title sponsorship of the 2010 Ethiopian Great Run, the biggest road race in Africa. The 10km run set to take place on November 21, 2010.



Great Ethiopian Run officially announced Ethiopian Airlines as a title sponsor of the 2010 Great Ethiopian Run at the ceremony held on 22 July 2010 in Addis Ababa. On the event, Director Advertising and Promotion of Ethiopian Airlines, Mr. Yeneneh Tekleyes received the 2010 race T-shirt… Continue

Added by Linda Larbie on July 29, 2010 at 7:26pm — No Comments

The AfDB at the 15th African Union Summit in Kampala - President Kaberuka participates at Investment Summit

The African Development Bank (AfDB) Group President, Donald Kaberuka, along with Presidents Yoweri Museveni of Uganda, Jacob Zuma of South Africa, Robert Mugabe of Zimbabwe and former South African president, Thabo Mbeki, attended an African Union Investment Summit Round Table meeting on Saturday, 24 July 2010 in Kampala, Uganda.



The round table luncheon was held under the auspices of the 15th African Union Summit held from 25-27 July 2010 in the Ugandan capital.



The theme… Continue

Added by Linda Larbie on July 29, 2010 at 7:24pm — No Comments

Uganda Shows Way on Scaling up Carbon Mitigation

Uganda’s launch of a Municipal Waste Compost Program has made it the first African nation to successfully register a Program of Activities (POA) that will reduce dangerous methane emissions into the environment. This is being done under the Clean Development Mechanism (CDM) of the Kyoto Protocol.



The Uganda POA is the first of its kind in the world, and promotes solid waste composting in urban areas in an environmentally friendly manner. Composting of waste has multiple benefits over… Continue

Added by Linda Larbie on July 28, 2010 at 4:02pm — No Comments

World Bank Approves US$35million for Kenya’s Coastal Development

The World Bank has approved a credit of US$35 million to help Kenya promote environmentally sustainable management of its coastal and marine resources.



The Kenya Coastal Development Project approved by the World Bank Board of Executive Directors today will also benefit from a US$5 million Global Environment Facility (GEF) grant to strengthen conservation and sustainable use of marine and coastal biodiversity.



“Kenyans living in Coast province are among the poorest in the… Continue

Added by Linda Larbie on July 28, 2010 at 3:48pm — No Comments

Augustine Group, the initiative of AUGUSTINE TOURS

Augustine Group, the initiative of “AUGUSTINE TOURS “one of the reputed tour and travel companies located in Bujumbura, Burundi. Founded with the idea of providing the clients with rejuvenating and fulfilling travelling experience in East Africa, at Augustine Group, we are offering attractive tours that take you to some of the most spectacular locations of East Africa. As a well-known Tour Operator, we are offering various tours such as Burundi Tours, Rwanda Tours, Uganda Tours,…

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Added by Augustin NDIKURIYO on July 28, 2010 at 12:30pm — No Comments

IMF Executive Board Completes Fourth Review Under ECF Arrangement for Burundi and Approves US$10 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Burundi’s economic performance under a program supported by the Extended Credit Facility (ECF).



The Board’s decision enables the government to request a disbursement for an amount equivalent to SDR 6.6 million (about US$10 million), bringing total disbursements to Burundi under the program to an amount equivalent to SDR 33 million (about US$49.9 million). The Executive Board also… Continue

Added by Linda Larbie on July 26, 2010 at 5:49pm — No Comments

Without a travel Agent, You’re On Your Own

Augustine Tours  agents work hard on behalf of the consumer. The role of a travel agent is to make the process of going on a trip - whether for work or pleasure - be a stressfree and memorable experience. Travel agents spend time not only booking tickets and searching for affordable prices, but also personalizing their services for individual clients. Without a Travel Agent, You’re On Your Own, this is to exemplify the importance and way professional travel agents view their role in today’s…

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Added by Augustin NDIKURIYO on July 24, 2010 at 1:00pm — No Comments

Kenyan Equity Bank's H1 beats market, shares jump

Kenya's Equity Bank (EQTY.NR) first half profit rose 46 percent driven by interest income, sending shares to their highest this year, and the chief executive painted a rosy profit outlook for the second half.



The bank's chief executive said stable costs and higher transactions would spur second-half earnings after first half pretax profit beat market forecasts of a 30-35 percent growth on expanding interest income and commissions.



Equity, which has operations in… Continue

Added by Linda Larbie on July 22, 2010 at 7:33pm — No Comments

Safaricom Board announces the retirement of Michael Joseph as CEO with effect from 1 November 2010

The Chairman of the Board of Safaricom has announced the retirement of Michael Joseph as CEO with effect from 1 November 2010. "I have been the CEO of Safaricom for the past 10 years and I believe the time has now come for me to hand over the reigns of the company to someone else. I am very proud of what we have accomplished as a team, in particular our achievements to become market leader, our extensive corporate social responsibility programme (which has been admired and emulated elsewhere)… Continue

Added by Linda Larbie on July 22, 2010 at 7:11pm — No Comments

Ethiopian Graduates Nineteen Pilots

The Ethiopian Aviation Academy graduates nineteen trainee pilots on July 15, 2010. The trainees have completed the commercial pilot training course in Instrument and Multi-Engine Ratings. Among the graduates seven are sponsored by Ethiopian while eight are from Chad and one each from Congo Brazzaville, D.R. Congo Kinshasa, Kenya and Italy.



The pilot trainees have taken two years training comprising of six hundred ninety five hours of class instruction, two hundred hours of practical… Continue

Added by Linda Larbie on July 15, 2010 at 4:23pm — No Comments

Ethiopian Airlines Joins African Union Make Peace Happen Campaign

Ethiopian Airlines has decided to partner with the African Union to make peace happen by pledging to support some of the communication and travel needs of the 2010 Year of Peace and Security program. Additionally, Ethiopian Airlines will distribute the Flame of Peace, the unifying symbol for all nations committed to bringing about peace on the African continent, to various African destinations.



By making this commitment, Ethiopian Airlines joins a growing number of private sector,… Continue

Added by Linda Larbie on July 6, 2010 at 4:47pm — No Comments

Kenya Airways to acquire more aircraft

Growing passenger and cargo demand and a rapidly expanding route network is set to benefit from more capacity as Kenya Airways readies itself to add more aircraft to its fleet.



Speaking during a signing ceremony today at the head office, Kenya Airways Group Managing Director and Chief Executive Officer Dr. Titus Naikuni announced plans to acquire Embraer E190 aircraft before the end of the year.



The two aircraft deal marks the agreement to take delivery of the larger… Continue

Added by Bas Vlugt on July 5, 2010 at 9:40am — No Comments

Ethiopia Receives US$180 Million for Energy Access Project

The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit of US$180 million in additional financing to the Government of Ethiopia in support of its efforts to provide adequate and cost effective electricity supply and rapidly scale up electricity coverage and access for all its citizens.



The Additional Financing aims at scaling-up certain components of the Energy Access Project which seeks to expand access to electricity and… Continue

Added by Linda Larbie on July 2, 2010 at 12:40pm — No Comments

World Bank Approves US$100 Million Credit for Kenya’s Health Sector

he World Bank has approved a US$100 million credit for Kenya to improve the delivery of essential health services to its people, especially the poor.



The Kenya Health Sector Support Project, approved by the World Bank’s Board of Executive Directors today, will support the Kenya government’s efforts to strengthen basic health services and enhance the planning, financing and procurement of pharmaceuticals and medical supplies.



“The Bank’s support to Kenya’s health sector… Continue

Added by Bas Vlugt on July 1, 2010 at 11:55am — No Comments

SABMiller wins smallholder funding for Southern Sudan

SABMiller, one of the world's leading brewers, has won nearly $1 million funding from the Africa Enterprise Challenge Fund (AECF) to introduce an innovative local sourcing model for cassava through its subsidiary Southern Sudan Beverages (SSB). SABMiller will contribute over US$2m through the partnership to match the funding provided by the AECF.



A beer is being developed which will be brewed with cassava sourced from local small scale farmers, providing enhanced income for the… Continue

Added by Bas Vlugt on July 1, 2010 at 10:45am — No Comments

"Africa should watch its step in South-South Cooperation"

Andualem Sisay, AfricaNews reporter in Addis Ababa, Ethiopia. The United Nations Center for Trade and Development (UNCTAD) advised the continent to watch its step and take advantage of South-South Cooperation (SSC).



In its new report launched in Addis Ababa this afternoon, June 17, 2010, recently Africa is changing its trade partnership from the Northern states to the South, reported newbusinessethiopia.com from Addis Ababa.



Africa’s new form of South-South… Continue

Added by Bas Vlugt on July 1, 2010 at 8:46am — No Comments

Coca-Cola invests $1bn in Africa

Ryekolal Raphie, AfricaNews reporter in Kampala, Uganda. Coca-Cola, the world's largest soft-drinks maker, hopes to invest about $1 billion in Africa starting this year.



The soft drink firm, which is one of the FIFA World Cup 2010 sponsors plans to double its annual investment in Africa to ramp up capacity, William Egbe, the president of Coca-Cola's South African unit said on the sidelines of the Fortune Global Forum.



"Over the past decade we've invested half a… Continue

Added by Bas Vlugt on July 1, 2010 at 8:30am — No Comments

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