Archive for January, 2012

Trans-African highway to traverse 10 African countries

(HornTrade) – Dakar-Djibouti trans-African highway to traverse 10 African countries – The 8,715 km trans-African highway linking Dakar (Senegal) to Djibouti (Djibouti) will traverse 10 West, Central and East African countries, according to a document made available to PANA on Wednesday in Addis Ababa.

The document said the highway, which would combine the Dakar- N’Djamena link with the Djibouti-N’Djamena link, will pass through Mali, Burkina Faso, Niger, Nigeria, Cameroon, Chad, Sudan and Ethiopia. Read the rest of this entry »

Verizon Expands Global Enterprise Network Platform in Africa and the Middle East

(Horntrade) – Verizon has expanded its global enterprise network platform, enabling multinational corporations to take advantage of Verizon’s Private IP service in six additional African countries, and Bahrain and Qatar in the Middle East.  The expansion will make it possible for Verizon customers with locations in these emerging markets to more effectively exchange data and global business applications and employ the company’s world-class managed network and security solutions.

Leveraging the strengths of Verizon’s global multiprotocol label switching network and the reach of the company’s network alliance provider Vodacom Business in Africa, Verizon enterprise customers can add Private IP services to their offices in: Gabon on Africa’s western coast; Djibouti and Ethiopia on the Horn of Africa; Malawi and Zimbabwe in Eastern Africa; and Swaziland in the southern region.  In addition, Verizon professional consulting services can help customers in the region design and implement a networking solution tailored to their business requirements. Read the rest of this entry »

Ethio Telecom reduces rates for landline calls

(HornTrade) – Ethiopian telecommunications company Ethio Telecom has reduced calls from landlines across various zones. According to a statement on the company’s website, the rates were cut two-thirds to 83 cents per minute during peak hours and to 35 cents in off peak hours, a reduction of some 230 percent.

The move has left Ethiopian customers excited about the possibility of using their phone more often without extra costs. “I am very excited because I live in Addis [Ababa] and my son lives outside our zone, so to call him will be a great opportunity now,” Hallelujah Tharen, a mother of three, said. Read the rest of this entry »

Ethiopian Billionaire Takes Over Ries Group

(HornTrade) – Ethiopian Billionaire Sheikh Mohammed Hussein al Amoudi took over 80% of of Near East Financial Corporation which owns the Paul Ries group. The Paul Ries group is made up of Paul Ries and Sons in Ethiopia and Savon et Ries in Djibouti.

The Near East financial Corporation is a holding company based in Switzerland.

Business in the Paul Ries group companies in Ethiopia and Djibouti will continue as usual according to Daniel Le Roux the new Chief Executive of Near East Financial Corporation currently based in Dubai, United Arab Emirates. Read the rest of this entry »