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Djibouti launches first wind farm to increase domestic power output
Djibouti has inaugurated Red Sea Power, a wind farm project that will produce 60 MW electricity in a bid to reduce power shortage and increase domestic output by 50 per cent. President Ismail Omar Guelleh unveiled the project over the last week-end. Red Sea Power is located in Ghoubet, 120 km from capital Djibouti. The […]
Seychelles: Central Bank Chief steps down in March 2024
The governor of the Central Bank of Seychelles (CBS) Caroline Abel, will leave her position in March 2024 when her contract ends. C. Abel made the announcement during the CBS press conference on the monetary policy for the upcoming three months, State-run news agency reports. “Today is my last press conference as governor of the […]
Volkswagen inks MoU with Ethiopian Government
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]



