Posts Tagged ‘Somalia’

EXIM (Export and Import) Bank of India in the East African region

(HornTrade) – Ethiopia and EXIM (Export and Import) Bank of India signed agreement here on Tuesday enabling to set up a representative office of EXIM Bank in Addis Ababa.

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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 »

War And Business? The Telecom Case In Somalia

Despite the violence, a serious humanitarian crisis and an over 20 year conflict devastating the country, Somalia remains a thriving market for some businesses, reveals the Wall Street Journal in an article entitled “Telecom Firms Thrive in Somalia despite War, Shattered Economy”. Read the rest of this entry »