Posts Tagged ‘ships’

Kenyan Government Investigates Possible Pirate Ties to Real Estate Boom

Some estimates say pirates collected more than $100 million in ransoms in last two years alone

(HornTrade) – Real estate prices in Kenya’s capital have doubled, even tripled, in the past few years, and the government wants to know why.  Investigators are looking into possible ties to Somali pirates. Volatile, lawless Somalia, where, last year, the International Maritime Bureau says pirates hijacked 47 ships and kidnapped 867 crewmembers. Read the rest of this entry »

Ethiopia: Billions in Chinese Loans for Rail, Ships, Housing

An Ethiopian delegation, led by Sufian Ahmed, minister of Finance and Economic Development (MoFED), returned from China after a successful negotiation for loans on the order of billions of dollars for large government projects, which are in the pipeline. Read the rest of this entry »