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Nissan To Partner Hasnaoui In Building $160 Million Car Assembly Plant In Algeria

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Nissan To Partner Hasnaoui In Building $160 Million Car Assembly Plant In Algeria

Japanese auto maker, Nissan car company and Algerian partner Hasnaoui group say they will invest 160 million dollars to build a car assembly plant in Algeria that will create eighteen hundred new jobs in the country when the plant begins production in 2020.

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Algerian government has banned car imports last year in an attempt to cut spending as a result of lower oil and gas earnings.

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Ethiopian Airlines Says Compensation Payment To Victims’ Families Is Underway

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Ethiopian Airlines Says Compensation Payment To Victims' Families Is Underway

Ethiopian Airlines CEO, Tewolde Gebremariam says, the airline, has began distributing compensation payments to families of victims who died in last month’s devastating plane crash, near Addis Ababa.

All 157 persons on-board the Nairobi-bound Boeing 737 MAX 8 were killed when it came down shortly after take-off.

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Gebremariam said, the airline is working alongside insurance companies to establish victims’ identities to distribute compensation and the necessary authorities to follow up on the march tenth tragedy.

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He says, Ethiopian Airlines has grounded all of its Boeing 737 MAX 8 fleet since the tragedy, and will decide on whether or not to continue future orders with Boeing once both parties make careful considerations and jointly find solutions to the issues.

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US To Toughen Measures Against Africans Who Overstay Short-Term Visas

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US To Toughen Measures Against Africans Who Overstay Short-Term Visas

The United States has announced tough new measures against Africans who overstay their short-term visas in the country.  This is in concert with president Donald Trump’s efforts to curb immigration.

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The wall street journal reports African national with high overstay rates, including Nigeria, Chad, Eritrea, Liberia and Sierra Leone, could be affected by the clamp-down.

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In a 2017 report, the U.S. Department of Homeland Security (DHS) recorded the African countries to be among those, under the non-visa waiver program, whose nationals have the highest populations of overstays among non-immigrants in the United States.

READ:  Slum Graffiti Warns Kenyans About Trafficking Risks

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Advisor To The Presidential Ivanka Trump And OPIC Chief Announce $1Billion Women’s Investment Initiative

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Advisor To The Presidential Ivanka Trump And OPIC Chief Announce $1Billion Women's Investment Initiative

Advisor and daughter of the US President, Ivanka Trump, has joined with David Bohigian, acting president and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, to announce the launch of OPIC’s initiative to support investment in women in Africa. The announcement was made during a U.S. government delegation to Ethiopia.

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OPIC aims to unlock the full economic potential of women in Africa by catalyzing one billion dollars through the initiative, directly investing 350 million dollars in businesses and funds owned by women, led by women, or providing a good or service that intentionally empowers women on the continent.

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The women’s initiative will advance the white house-led government commitment to empowering women globally.

Ivanka Trump said for women to succeed as entrepreneurs and job creators, they must have equal access to the financing necessary to start and grow their businesses,

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The Overseas Private Investment Corporation, (OPIC), was established in 1971 as a self-sustaining U.S. government agency that helps American businesses invest in emerging markets.

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