The Single African Air Transport Market (SAATM) concept will unite African aviation sector and foster economic growth.  The concept of SAATM is on the track, as 26 African Countries have agreed to the idea. Plans to internationalize SAATM are on track, hence a meeting set to take place at Togolese capital, Lome. Countries to have signed the commitment include: Benin, Burkina Faso, Botswana, Cape Verde, Ivory Coast, Egypt, Ethiopia, Gabon and Ghana. Guinea, Kenya, Liberia, Mozambique,…

Morocco ranks number one in 2017 top investment destination in Africa According to Quantum Global Research Lab’s latest Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments in Africa. Morocco ranks first based on its increasing economic growth, strategic geographic positioning, increased foreign direct investment, external debt levels, social capital factors and overall favourable business environment. Morocco has consistently attract inward flow of foreign capital, specifically in banking, tourism and energy sectors and also…

European Investment Bank (EIB–the EU bank) unveils US$25m Solar System Project For Africa The European Investment Bank (EIB) have signed a financing agreement for the installation of solar systems in some African countries. The agreement is between EIB and d.light design inc. d.light is a global leader in solar-powered solutions for people without access to reliable electricity. The solar system will strengthen access to energy in Nigeria and four other African countries and will worth US$25 million. According…

ECOWAS to receive gift from China. The 15- member regional group, Economic Community of West African States (ECOWAS), due to increasing number of staff, operates from three (3) separate building in Nigeria’s capital city, Abuja. China, continuing its strategy of diplomacy through construction, is gifting ECOWAS a new headquarters in Abuja which will cost US$31.6m. Jean-Claude Brou, president of the ECOWAS and China’s ambassador to Nigeria Zhou Pingjian, signed an MOU on March 14. The design…

Eritrea increases time for national services as a defense strategy against Ethiopia. Eritrea national service extended due to illegal habitation by it neighboring Ethiopia. Ethiopia ignores international laws and question Eritrea’s defense structure. The minister also replied to recent reports about how primarily Eritrean and Sudanese were being threatened with jail and deportation by the Israeli government’s to stop illegal migrants. The forced national service coupled with a struggling economy is the reason for most youth leaving…

Qatar has lauded efforts of Ethiopia in maintaining peace in the Horn of Africa region The applause from Emir Sheikh Tamim bin Hamad al-Thani was during a meeting with Ethiopian prime minister Hailemarian Desalegn. The two leaders spoke on areas of strengthening security, investments and diplomatic ties. The Emir is said to have lauded Ethiopia as a strategic partner and one key to peace in the Horn of Africa region. Desalegn is in Doha on…

soldiers sent to South Sudan for Peacekeepers The weekend Ethiopia send 200 peacekeepers to South Sudan to help  stabilize the war torn east African nation,an Ethiopian official said on Tuesday. Meles Alem, spokesperson for the Ethiopia Ministry of Foreign Affairs, told Xinhua that the peacekeepers were sent in line with a United Nations resolution to stabilize South Sudan. The U.N. Security Council in December last year voted to increase the number of security personnel in the…