Archive for July, 2009

SEACOM and Tyco Telecommunications Connect East Africa to the World

NEW YORK & MORRISTOWN, N.J.–(BUSINESS WIRE)–SEACOM, Ltd, and its supplier, Tyco Telecommunications, a business segment of Tyco Electronics Ltd. and an industry pioneer in undersea communications technology and marine services, today announced they have completed the installation, testing and commissioning of Phase 1 of the SEA Cable System. This milestone marks the conclusion of a comprehensive test program, which verified connectivity and compliance with all transmission requirements, while moving South and East Africa a significant step closer toward achieving increased international connectivity. Read the rest of this entry »

Africa-Europe fiber optic cable laid

MOMBASA, Kenya — East Africa took a big step toward joining the wired world Thursday with the launch of the first undersea fiber optic cable linking Europe to one of the world’s poorest regions.

Telecoms companies SEACOM and Cisco Systems ( CSCO – news – people ) said in a statement that Thursday’s start of broadband services will make fast Internet cheaper and more accessible in places like Kenya. Read the rest of this entry »

Corners of paradise

Economists have developed a classification of countries in which to live and set a “happy planet index”. Surprisingly, the better off are not necessarily those that we think …

The famous American way of life will he the world to bankruptcy? To refuse to sign the international Kyoto Protocol on climate change, George W. Bush put forward an argument unstoppable: no question of imposing a change in lifestyle to his compatriots. Today, with Barack Obama, the United States begin to move in the right direction. It was time … In fact, according to the New Economics Foundation (NEF), a British NGO, led by Herman Daly, University of Maryland (United States) should be no less than four and a half planets to sustain the burden the American model of consumption, if generalized, would affect the Earth’s resources! A little more than the Europeans (two or three planets), much more than Latin Americans (one to two planets) or Africans (less than a planet). Read the rest of this entry »

IMF: Djibouti’s economic performance improved significantly

Edited by Rami Alshami
Tuesday, 21 July 2009 19:51
Djibouti’s macroeconomic performance improved significantly, but inflationary pressures are intensifying. Real GDP growth accelerated to 5.3 percent, driven mainly by FDI concentrated in the construction and port services, while the contribution of public services to real GDP declined to 14.5 percent. The share of investment in GDP grew to about 42 percent. This rapid expansion, combined with the surge in food and oil import prices, pushed inflation from 3.5 percent in 2006 to 13.9 percent year-on-year in June 2008. In response, the authorities have eliminated consumption tax rates on five basic food items, and reached agreement with importers and retailers to cap their profit margins on these and other basic items.
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Seacom versus SAT3

Seacom fibre arrives but SAT3 monopoly is still in place

The Seacom international cable is due to go live next week on Thursday and it will fundamentally change much of the underlying economics of the communications business. It will be followed by the TEAMS cable some time in Q4 this year and by EASSy at the end of June 2010.

There will be something like full competition for international capacity and prices will fall considerably. The same will also happen on the west coast of Africa but the current reality is that the SAT3 monopoly is still very much in place.

The Seacom cable will deliver up to 1.28 Tbps of capacity to landing stations in South Africa, Mozambique, Tanzania and Kenya. So far according to Brian Herlihy, CEO of Seacom it has sold 80 Gbs, including 10 GBs to South African research network TENET. Herlihy says:”People are buying 10-15 times their existing bandwidth. They can get that much for the same sort of cash they’re already spending.” Read the rest of this entry »

East Africa’s telecoms competition laboratory spurs fast growth, says new report

INTERNATIONAL. The top mobile markets in East Africa and the Indian Ocean islands are amongst the most liberalised on the continent.

The top three markets are Kenya, Tanzania and Uganda and they all have about 10 million subscribers.

Each of these three markets has been a laboratory for competition. For example, Tanzania has issued seven mobile licences and Uganda has issued six.

The number of operators has resulted in increased investment and marketing spend in the top three markets. And in all three countries, this competition has benefited African consumers as the cost of owning and using a mobile phone has fallen Read the rest of this entry »

Sudan completes electricity linkage with Ethiopia

July 17, 2009 (KHARTOUM) — Sudan completed on Friday the installation of the last tower in a electricity linkage project in order to import electric power from Ethiopia starting from next year.

By 2010, Ethiopia will generate more than 4,000 megawatts, enabling the country to provide 50 percent of its 80 million people with electricity, and export electricity to Sudan and Djibouti in a first time and Kenya in a second phase after the implementation of an ambitious multimillion –dollar plan to produce power. Read the rest of this entry »

Djibouti(87 out of 143) is the happiest place in Sub-Saharan Africa in Happiness Index

Ethiopia ranks 124 out of 143 nations in Happiness Index, according to the 2009 Happy Planet Index (HPI) published by the New Economics Foundation, an independent think tank. The index measures happiness according to a country’s average life expectancy, quality of life data, and environmental track record. Read the rest of this entry »

IMF Executive Board concludes 2008 Article IV consultation with Djibouti

Public Information Notice (PIN) No. 09/81

Public Information Notices (PINs) form part of the IMF’s efforts to promote transparency of the IMF’s views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.

On September 17, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Djibouti.(1) Read the rest of this entry »

AfDB releases Sh25bn for Northern Corridor

Plans to spur trade in the northern border through improved infrastructure have received a boost as the African Development Bank released Sh25.4 billion to support a road project in the region.

The loan will be used to finance the second phase of the Mombasa-Nairobi-Addis Ababa road corridor project that involves the tarmacking of a 438 kilometre long road section.

One portion will include a 245 kilometre stretch linking Merille-Marsabit-Turbi on the Kenyan side while another stretch estimated at 193 kilometres will link Ageremariam-Yebelo-Mega on the Ethiopian side. Read the rest of this entry »