Company News

Addis Ababa — Ethiopian Airlines will fly to seven new destinations in the next five months, the firm said on Tuesday.

Dar es Salaam — Representatives from 50 foreign companies are expected in Tanzania on Saturday this week.

Africa's largest airline group, Ethiopian Airlines announced that it would add Antananarivo,Madagascar, to its network as of March 28, 2017.

Mombasa — Kenya has received six locomotives from China, which will run on a China-funded standard gauge railway (SGR) due to start trial operation in June.

Dar es Salaam — Government efforts have now made it easier for Chinese investors to process and invest in the manufacturing sector in Tanzania.

Helios Investment Partners and Vitol Group will buyout Royal Dutch Shell Plc from Vivo Energy shareholding.

Listed insurer Sanlam Kenya has issued a profit warning as it projects fall in net earnings by at least 25 per cent in 2016 compared to the previous year.

There is need to invest in local manufacturing of timber processing equipment to reduce importation costs the country is currently incurring, Zambia National Association for Sawmillers (ZNAS) has said.

Kampala — In order to acquire land and start actual work on the development of Free Trade Zones in Uganda, the authority responsible for the establishment could require funding of up to Shs400 billion.