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Profile: Prudential Chief Executive Tidjane Thiam

He is the first black chief executive of a FTSE 100 company – though he hates people dwelling on that.
He is only 47, but has already been a government minister in Ivory Coast as well as a top businessman.
Last week, Tidjane Thiam, chief executive of the Prudential, launched an audacious bid to buy AIA, [...]

Is East Africa the Next Frontier for Oil?

NAIROBI (Somalilandpress) — According to local lore, Portuguese travelers as far back as the late 19th century suspected oil might lie beneath parts of East Africa after noticing a thick, greasy sediment wash up on the shores of Mozambique. More interested in finding cheap labor, though, the explorers had little use for oil.
A century on, [...]

SOMALILAND: SomTel Officially Launches Operations

HARGEISA (SomalilandPress) — Dahabshiil’s SomTel International launched services on Saturday as Somaliland’s sixth mobile phone and internet operator. SomTel International, which is expected to play a major role in the telecom sector of Somaliland has been the talk of the country in the last few months because of its parent company Dahabshiil, the largest remittance [...]

Saamilayda Shirkadda Isgaadhsiinta ee TELESOM oo kulan la-xisaabtan ah la yeeshay maamulka Shirkaddaas

Hargeysa (Somalilandpress)- Maamulka iyo Golaha sare ee shirkadda Telesom ayaa 27th February, 2010 kulan ballaadhan la yeeshay saamilayda shirkadda (Shareholders).
Kulankaas oo ka dhacay Hotel Ambassador, ujeedadiisu waxa ay ahayd in warbixin dhamaystiran laga siiyo saamilayda xaalada ay shirkaddu ku sugan tahay, marxaladihii ay soo martay iyo guud ahaan mashaariicda kale ee ay shirkaddu ku hawlan [...]

Telesom unveils solar-powered mobile system in Somaliland

HARGEISA, (Somalilandpress) — Telesom, one of the major telecommication carriers in Somaliland announced on Thursday the launch of the first environment-friendly and cost-effective solar-powered mobile system in the country.
Mohamed Isaaq, Marketing Director, Telesom Consumer said, Telesom was translating consumer demands based on the fact that 80% of the people in Somaliland are pastoral communities who [...]

Africa rising

LUANSHYA, Zambia/DAVOS, Switzerland (Somalilandpress) — With the stoicism demanded of all who hope to make money in Africa, Beauty Chama sits in her empty hair salon in a leafy town in northern Zambia’s Copper Belt and looks forward to better times.
“We are waiting patiently until the miners start making their money,” she said, fingering the [...]

SOMALILAND: Foundation stone laid for new livestock quarantine station

BERBERA (Somalilandpress) — Suleiman Al-Jabiri, a Saudi tycoon and livestock investor, is constructing a second livestock quarantine facility in the Somaliland port town of Berbera worth millions, Berberanews reports.
Somaliland’s livestock minister, Idiris Ibrahim Abdi and Mr Suleiman laid the first foundation stone on Saturday for the new facility which is expected to house more than [...]

Dubai set to open World’s tallest building

DUBAI (Somalilandpress) — In recent years Dubai has grabbed the headlines with audacious offshore islands, rotating buildings and a seven star hotel. On Monday it opens the world’s tallest building, Burj Dubai.
It’s about twice the height of the Empire State Building, you can see its spire from 95km away and the exterior is covered in [...]

LIBERIA: Company Eyeing Freeport May Sign Big Contract

MONROVIA (Somalilandpress) — Bollore Africa Logistics, one of the companies that expressed interest in the bid for the Freeport of Monrovia may sign an agreement to manage the port of Berbera and oversee $ 700 million of upgrades to the facility in Somalia’s breakaway northern Somaliland region According to information, the Foreign [...]

Somaliland to contract French firm in running of major port

HARGEISA (Somalilandpress) — Somaliland’s Foreign Affairs Minister Abdillahi Mohamed Dualeh has stated that his administration was going to hand over the Berbera port to a French company in an effort to modernise the deep-water facility in the red sea to meet modern demands in the region.
Representatives from France’s ”Bolloré Africa Logistics” have been holding talks [...]

Saudi livestock move boosts Somaliland economy

BERBERA, 10 November 2009 (Somalilandpress) — Days after Saudi Arabia lifted a nine-year ban on livestock imports from Somalia, the market in Hargeisa, Somaliland, has seen a 10-fold increase in sales, according to local traders.
“One thousand five hundred sheep used to be sold in the market before the recent announcement… compared to more than 16,000 [...]

Saudi Arabia Resumes Livestock Trade with Somalia

Washington, 06 November 2009 (Somalilandpress) — The government of Saudi Arabia on Thursday removed an 11-year ban on livestock imports from Somalia after fears of Rift Valley Fever were allayed, senior Somali officials told the VOA.
The decision was well received across Somalia as hundreds of thousands of farmers heavily rely on animal exports to the [...]

Money Transfer Business in The Horn of Africa, Has Launched An “ecash” Service

Hargeisa, 1 November 2009 (Somalilandpress) — Dahabshiil, the largest international money transfer business in the Horn of Africa, has launched an “eCash” service that will enable Somalis to pay for goods and services at participating vendors, gas stations, hotels and restaurants.
Analysts say providing Somalis with the ability to make and receive electronic payments has the [...]

Firm to Fund Berbera Port

ADDIS ABABA, 15 Oct 2009 (Somalilandpress) – French company Bollore Africa Logistics is to invest €500-million in the Somali port of Berbera, a crucial lifeline for landlocked Ethiopia, a diplomat said Wednesday.
Berbera, less than 300 kilometres east of the former French colony of Djibouti, faces Yemen on the Gulf of Aden and is the economic [...]

Somaliland Farmers Are Allowed Back Into The Fold

HARGEISA, 9 October 2009 (Somalilandpress) – Millions of Muslims across the Middle East slaughtered sheep to celebrate the Eid feast at the end of Ramadan. Many of those animals were probably raised here, on the dusty plains of Somaliland, growing fat on the many green pastures hidden in the rugged landscape.
(Cattle dealers, such as Mohamed [...]

Somaliland Business Review: Adams Inn

HARGEISA, 7 September 2009 (Somalilandpress) – As part of the slowly growing business in Somaliland, and part of the country’s development after the devastating civil war in the late 80s, ADAM’S INN is The First INN in Hargeisa, the capital city of Somaliland.
The Inn is situated at a walking distance from the Airport and [...]

Tanzania launches bank for women

Dar es Salaam, 28 Jul 2009 (Somalilandpress) – Tanzania has launched a bank aimed specifically at women in what officials say will be an empowering move.
The bank says women need only an ID card or passport to open an account, unlike other banks which require title deeds or other proofs of wealth.
And applicants need only 3,000 [...]

Ethiopia and Kuwait sign air transport accord

Hargeisa, 26 July 2009 (Somalilandpress) – The Ethiopian and Kuwaiti governments signed on Tuesday a memorandum of understanding (MoU) which would enable the two countries to strengthen the air transport cooperation between the two countries.
According to the public relations department with the Ethiopian Civil Aviation Authority (CAA), the air transport agreement increase the twice-weekly flights [...]

Malaysian oil and gas giant Petronas to drill in Ogaden

Addis Ababa, 26 Jul 2009 (Somalilandpress) — The Malaysian oil and gas giant, Petronas, is to start drilling the first exploration well in the Ogaden basin.
Petronas will soon start drilling two wells in its concession area in the Genele block. The company has hired a Dubai based company, Weather Ford, which will conduct seismic survey [...]

East Africa gets high-speed web

The first undersea cable to bring high-speed internet access to East Africa has gone live.
The fibre-optic cable, operated by African-owned firm Seacom, connects South Africa, Tanzania, Kenya, Uganda and Mozambique to Europe and Asia.
The firm says the cable will help to boost the prospects of the region’s industry and commerce.
The cable – which is 17,000km [...]

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