News

East Africa Spends 8% of Revenue to Service Debt

THIS DAY 16 October 2018 East African countries are now spending almost eight per cent of their revenues to service $29.42 billion loans borrowed in the past 10 years. They borrowed the money largely from China to grow their transport, communication, manufacturing and energy sectors. Analysts said the loans are becoming a burden, especially given that their impact is yet to be seen on the growth. The...

Ethiopia: The Abiy effect

THE AFRICA REPORT 15 October 2018 by NICHOLAS NORBROOK n a short few months, Prime Minister Abiy Ahmed has upended the canons of Ethiopian politics, diplomacy and business. He has closed a prison, opened the economy and ended a war. In his religious oratorical style and his pledges of unity and democracy, he recalls former US president Barack Obama. Through his youth and reforming zeal, he shares...

China’s Belt and Road tempts states

THE ASEAN POST 16 October 2018 This photograph shows a sign, including Chinese characters, erected on the land where the Jakarta-Bandung high-speed rail will be constructed in Bandung, West Java province. (Bay Ismoyo / AFP Photo) China’s massive Belt and Road Initiative (BRI) building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global...

Caution, Cancellations, Protests as Concerns Grow on China’s Belt and Road

VOANEWS 15 oCTOBER by JOYCE HUANG, BILL IDE FILE – Work in progress at the site of Pakistan China Silk Road in Haripur, Pakistan, Dec. 22, 2017. BEIJING — Concerns about debt diplomacy on China’s expansive infrastructure megaproject — the Belt and Road — have become an increasing source of debate from Asia to Africa and the Middle East. In recent weeks, more than $30 billion...

Debt-trap diplomacy: Can Africa reject China’s easy money?

ASIAN CORRESPONDENT 16 October 2018 by ALISTAIR DENNESS China’s President Xi Jinping (R) and Botswana President Mokgweetsi Masisi arrive for the welcome ceremony at the Great Hall of the People in Beijing on August 31, 2018. Masisi is in China for the Forum on China-Africa Cooperation which will be held September 3-4 in Beijing. Source: Roman Pilipey / EPA Pool / AFP A MASSIVE Ethiopian dam...

Regional news

Ethiopia to allow privatisation of Ethiopian Airlines, telecoms

African Business 6 June 2018 Ethiopia will open its national carrier Ethiopian Airlines and state-owned telecom company to investors for the first time by selling minority stakes in the two firms. The move is part of a wider effort by Ethiopia’s new Prime Minister Abiy Ahmed to reform East Africa’s fastest growing economy, which is dominated by the state. Ahmed, in power since March 2018, has already reduced the role of Ethiopia’s powerful military in construction and similar projects, and lifted a state of emergency introduced after anti-government protests threatened to engulf the nation. The...

Ethiopia-Eritrea reconciliation project meets resistance from border communities

africanews 13 June 2018 The decision by Ethiopia’s ruling coalition to resolver a border dispute with Eritrea has met stiff resistance from members of Badme town which was the epicenter of the war that killed tens of thousands on both sides. The 36 member executive committee of Ethiopian People’s Revolutionary Democratic Front (EPRDF) announced on Tuesday that it would accept the December 2000 Algiers Agreement that was signed to restore peace between Ethiopia and Eritrea. But for many of Badme’s 15,000 residents, most of whom are veterans of the 1998-2000 conflict, the decision by premier...

Senate Tasks Gov’t to Put Acquired Port Land to Use

KT Press 11 June 2018 Rwandan Senate has given government up to six months to come up with a clear action plan and follow up on how to put to productivity port land the country acquired in Djibouti, Kenya and Tanzania. This task will see three ministries and the Rwanda Development Board (RDB) convene to draft a plan on how Rwanda can profitably use 83.3 hectares of land. “We have resolved that in not more than six months we get a progress report on the agreement on Djibouti port and six months for government to give clear plan of how they will put the land  in Kenya and Tanzania to good...

When Peace is a Problem

New York Times 8 June 2018 If nature abhors a vacuum, politics abhors a military standoff, especially between two nations in one of the poorest, most volatile and most strategically sensitive regions of the world. And so there was much excitement when the government of Ethiopia announced on Tuesday that it would fully accept the ruling of an international tribunal in the country’s boundary dispute...

Horn of Africa reeling from Cyclone Sagar

Business Ghana 23 May 2018 20,000 people were affected by flooding in Djibouti, more than 10,000 people were displaced in Somaliland, and homes and fishing boats were destroyed in Puntland. “This cyclone left a trail of destruction when it hit Puntland and Somaliland. The storm then continued to Djibouti, where it caused major flooding, not least in Djibouti city. This is the biggest storm to hit the region in years,” said Nigel Tricks, Regional Director for the Norwegian Refugee Council. The storm fist struck Somalia on Friday with damaging winds and heavy rains in Puntland. Farmers...