Daily Archives: June 13, 2016

Africa Economic Outlook: Migration Trends in Africa, an Investment Opportunity

In Africa, rural-urban migration is a common practice which results in over population in urban centers and mounting pressure on social amenities. Increasing trends of rural-urban migration is creating slums in cities. Previously, such migration trends symbolized economic transformation and improvement for cities and countries – as there was a large human resource available in cities for the many employment and economic opportunities; but now, Africa’s migration refers to no transformation but just a lifestyle. read more

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MTN to Pay 1.7 Billion USD Fine To Nigeria

MTN, South African Telecom Company, is set to pay a whopping 1.7 billion USD to Nigeria – its biggest market in Africa. The reason behind the 1.7 billion USD fine, revealed to be a final settlement agreement, is due to the company’s inability to disconnect unregistered sim card users. read more

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Ethiopia Attacks Eritrea: Things to Understand

Dr. Fikrejesus Amahazion

13 June 2016

On Sunday, the Ethiopian government launched an attack against Eritrea on the Tsorona Central Front. According to a BBC report, “witnesses report hearing heavy gunfire and seeing Ethiopian troops and tanks heading towards Eritrean border.” The region, located along the tense border between the two countries, was the scene of some of the fiercest fighting during the 1998-2000 Eritrea-Ethiopia war. Full details of yesterday’s attack are still being confirmed and its specific motives or ultimate aims remain unclear. While on Sunday, the Eritrean government confirmed the incident in a press release, claiming that Ethiopia had launched an attack, Mary Harper of the BBC tweeted that the “[Ethiopian] info minister said he wasn’t aware of fighting with [Eritrea].” Then in a puzzling turnaround, on Monday, the Ethiopia claimed that the incident was “a serious offensive, not just a simple skirmish” and in response to an Eritrean attack. read more

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Africa Hotel Investment – Cairo and Cape Town on Top

Cairo and Cape Town’s hotel markets have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. read more

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