World News, Africa

The 2014 Africa Hotel Investment Forum moves from Nairobi to Addis Ababa

The Africa Hotel Investment Forum 2014 (AHIF) will take place at the Sheraton Hotel in Addis Ababa, the capital of Ethiopia on 29th Sept – 1st Oct 2014, organizers said.

 “We are delighted that AHIF 2014 has received strong interest from both delegates and sponsors this year, which has resulted in a move to Addis Ababa highlighting the growth story of the continent,” said a statement from the organizers, a UK based Bench Events.

World News, Africa

Sufian Ahmed likely candidate for AfDB presidency

Sufian Ahmed, Ethiopia’s long serving Minister of Finance and Economic Development (MoFED), was among the six likely candidates whose names surfaced during the recently concluded annual summit of the African Development Bank (AfDB) as a potential candidate to run for the presidency of the African Development Bank (AfDB) group.

World News, Africa

Tullow Oil hits water-bearing reservoirs in Ethiopia

OIL/GAS exploration firm Tullow Oil has found water-bearing reservoirs in its South Omo block, onshore Ethiopia.

Tullow operates the South Omo block with a 50pc equity interest – Africa Oil has a 30pc stake and Marathon Oil another 20pc stake.