Archive for February, 2012

Djibouti: STC signs directlink accord with Djibouti Telecom

(Horntrade) – STC Group announced co-signing a partnership agreement with Djibouti Telecom in order to link with central, southern and eastern African states as well as European and the rest of the world, in addition to take advantage of directly rapid speed exchange of data between the Kingdom, Djibouti and other African countries.

Inception of this point of international presence (PoP) in Djibouti is a significant step in the expansion of Saudi world recognized telecommunications’ network based on accredited multi-protocols and Internet IP/MPLS protocol. Read the rest of this entry »

Kenya: LION2 ocean cable goes live in April

(Horntrade) – he Lower Indian Ocean Network (LION2), Kenya’s fourth submarine cable, will become fully operation in April this year, the local telecommunications ministry said on Thursday.

The LION2 cable is a 3000 km line extending from Nyali, via the island of Mayotte, located in the northern Mozambique Channel from Mauritius and is set to significantly boost the nation’s bandwidth. Kenya already enjoys connectivity through The East African Marine System (TEAMS), the Eastern Africa Submarine Cable System (EASSy) and SEACOM. Read the rest of this entry »

The Start of the Tadjoura Port Project by Djibouti

(HornTrade) – Allana Potash Corp. is pleased to announce that the Government of the Republic of Djibouti Ministère de l’Equipment et des Transport, through the Djibouti Port and Free Zone Authority (“Port Authority”), has begun the pre-qualification process to select contractors for the construction of the new port at Tadjoura, Djibouti. Read the rest of this entry »

Damen Shipyards Awarded to Build Modular Dock for Port of Djibouti

(HornTrade) – Damen Shipyards takes great pleasure in the fact that a Damen Modular Dock (DMD) 4020 is being constructed for – and will be delivered to – Djibouti. Djibouti’s busy port is one of the most important gateways to the African continent and is strategically located at the confluence of the Red Sea and the Indian Ocean. Besides maintenance of the Port Authorities’ own fleet, the dock will be used for repair and maintenance of port-calling vessels. Read the rest of this entry »

Djibouti: Participating in the IMF’s General Data Dissemination System

(Horntrade) – Djibouti began participating in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS) today, marking a major step forward in the development of its statistical system. Comprehensive information on Djibouti’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board (http://dsbb.imf.org/Applications/web/gdds/gddscountrylist/). Read the rest of this entry »

South Sudan officials welcome Israel’s Spacecom

(Horntrde) – Israel’s communications satellite company Spacecom, hope recent discussions with South Sudan will boost their communications and telecommunications industry role in the world’s youngest nation .

South Sudan’s Telecommunications Ministry said officials discussed potential future cooperation in a statement. Reportedly, future meetings have been arranged with other Israeli telecoms, aerospace and technology companies. Read the rest of this entry »

PetroTrans negotiates to extend Somaliland port

(HornTrade) – PetroTrans, a Chinese oil and gas producer could conclude preliminary negotiations with Somaliland for the extension of the key port of Berbera by the end of this year, but has scrapped plans to build a liquefied natural gas facility.

Philip Hirschler, a legal adviser for PetroTrans, said from London the firm planned to extend Berbera port’s container and mineral export services following an agreement it signed with the government of the breakaway enclave of Somalia last August. Read the rest of this entry »

S. Sudan in talks with Texas pipeline firm

(Horntrade) – South Sudan said Wednesday that it was in talks with a pipeline construction company based in Texas that would start constructing a pipeline in six months, according to the News Agency of South Sudan.

The news agency report, posted on the South Sudan government website, did not name the company. Dr. Barnaba Marial Benjamin, spokesman for South Sudan, also said that South Sudan had signed a memorandum of understand with Ethiopia to construct an oil pipeline passing through Djibouti, the news agency reported. Read the rest of this entry »

Djibouti / Ethiopia / South Sudan signed a tripartite agreement on economic cooperation

(Horntrade) – Ethiopia, Djibouti and South Sudan reached an agreement to partner in infrastructure development. The tripartite agreement includes the construction of telecom, railway, oil pipeline networks as well as duty free zones linking the regional economy.

The agreement was signed by Sufian Ahmed, Ethiopian Minister of Finance and Economic Development, Ilyas Moussa Dawaleh, Djiboutian Minister of Economy and Finance and Kosti Manibe Ngai, South Sudanese Minister of Finance and Economic Planning at the Sheraton Hotel in the Ethiopian capital. Read the rest of this entry »

Ethiopian company inaugurates US$600 million factory

(HornTrade) – The biggest cement factory in Ethiopia, worth US$600 million was inaugurated on Sunday, at a time when the Horn of Africa country braces for a construction boom.
The cement factory, Derba MIDROC Cement Plc, has a daily capacity of 8,000 metric tonnes and 2.5 million tonnes per annum.

Ethiopian-born Saudi billionaire, Sheik Mohammed Hussein al-Amoudi owns the MIDROC Group, which built the mega factory. Read the rest of this entry »