Published by The Seattle Times Boeing resumed losing money last quarter, its losses caused both by continuing pandemic-driven downturn in air travel and by self-inflicted wounds such as the 787 manufacturing mess. The aerospace giant projected Wednesday that the manufacturing quality defects that have stalled 787 deliveries will eventually cost $1 billion. CEO Dave Calhoun’s […]

Published by Al-Araby At the nexus point between Europe, Africa, the Middle East, and Asia, Istanbul often has distinguished guests pass through. Earlier in October, Germany’s outgoing Chancellor Angela Merkel was treated to splendid views of the Bosporus as she worked with President Recep Tayyip Erdogan to address bilateral issues. But last week the city […]

Published by Business Daily Kenyan insurers and the UK government-backed Financial Sector Deepening (FSD) are teaming up with UK-based energy and climate risk finance company Parhelion to cushion local investors in renewable energy projects from unexpected losses. FSD said the parties will launch a first-of-its-kind underwriting facility, backed by local insurers, to de-risk early stage […]

Published by Business Daily Ethiopian Airlines is establishing its presence in more than six African countries through a management role or strategic partnership with the local carriers, making it a dominant player in the continent. The move is set to give East African carriers such as Kenya Airways a run for their money. Kenya Airways […]

Published by Business Daily Kenya looks set to benefit after the US suspended duty-free access to Ethiopian exports following ongoing unrest in the country’s Tigray region. The US move to ban Ethiopia opens a window for Kenyan textile and apparel firms to increase their exports to the US market of more than 6,000 product lines […]

Published by Business Daily Safaricom, whose consortium aims to start operations in Ethiopia next year, got the employees out of the country on Wednesday and Friday. The telco has seconded its staff to run Ethiopia operations for products and network development that will help it gain market share that is in the hands of State-owned […]