African News

Addis Ababa leads Africa in hotel room rates

Addis Ababa registered an absolute average daily rate (ADR) of US$163.79 when measured in constant currency, which removes the effects of inflationLONDON, United Kingdom, August 8, 2019/ — Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR (https://STR.com/). The market will play host to the Africa Hotel Investment Forum (AHIF) […]

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Billions poised for Africa’s real estate sector

The growth and opportunity displayed by a diverse spread of International funds, DFIs, Banks, PE firms, institutional investors and others is evidence that despite apparent indifference to African opportunities in SA boardrooms, the continent’s real estate sector has evolved JOHANNESBURG, South Africa, August 7, 2019/ — As Central and Eastern Europe become increasingly popular for […]

African News

UNCTAD’s Economic Development in Africa Report 2019

The Economic Development in Africa Report 2019 focuses on preferential trade liberalization among the members of the new African Continental Free Trade Area (AfCFTA) PRETORIA, South Africa, UNCTAD’s Economic Development in Africa Report 2019 will be launched globally on the same day. The Economic Development in Africa Report 2019 focuses on preferential trade liberalization among […]

African News

New features and unparalleled line-up to drive programme for Africa Oil Week 2019

Over 1500 delegates, including a record-breaking number of 16+ government ministers will attend the event in Cape Town LONDON, United Kingdom, — As the leading event for Africa’s upstream, Africa Oil Week (Africa-OilWeek.com) is committed to staying at the cutting-edge of developments in oil and gas. Over 1500 delegates, including a record-breaking number of 16+ […]

African News

First graduates in 30 years for Somali university

The Somali National University has held its first graduation ceremony in more than three decades. The university, based in the capital, Mogadishu, was shut down in the early 1990s after the breakout of civil war and unrest. It reopened in 2014. More than 130 graduates were awarded degree certificates during Monday’s ceremony. In 2014, only […]

African News

Ethiopia ‘coup hit-man is not dead’

Ethiopia’s federal police have apologised for saying that the bodyguard who is accused of assassinating the head of the army, Gen Seare Mekonnen, on Saturday had killed himself. In a statement read on state media on Monday evening they said that the bodyguard, who has not been named, was instead being treated for gunshot wounds […]