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TAAG Angola Airlines purchases Boeing 777-300ER jet

WASHINGTON - The national flag carrier of Angola, TAAG Angola Airlines (Linhas Aereas de Angola) is purchasing Boeing 777-300ER aircraft with GE90 engines assisted by an approximately $256 million lon

Libyan assets in Uganda to be frozen after all

UGANDA (eTN) - It was confirmed late yesterday, that Uganda, in compliance with relevant UN resolutions, will freeze the assets of Col. Gaddafi, his close cronies, and, in fact, of Libya herself.

US bank loans US$1.6 billion to Ethiopian Airlines

ADDIS ABABA, At a ceremony held at the 9th African Growth and Opportunity Act (AGOA) Forum in Washington DC on August 2, 2010, financing documents worth over US$1.6 billion were signed by Ethiopian Ai

New road to Addis gets ADB funding

The African Development Bank has formally consented to a loan of about US$165 million to support the construction, and where appropriate upgrade, of a road link from Mombasa to Addis Ababa in Ethiopia

Hong Kong government apologizes to evicted tourists

Hong Kong's government has apologized to tourists who were kicked out of a hotel that was taken over by a city bank due to an unpaid loan.Dozens of bewildered visitors from across Asia, Australia and Europe were ordered to leave the hotel after Bank of East Asia (BEA) took possession of the property on Wednesday.

Oman International Bank and Muriya Tourism sign mortgage finance agreement

Oman International Bank (OIB) has signed a major mortgage finance agreement with Muriya Tourism Development Company that would provide attractive financial opportunities to Muriya’s customers to purchase property, villas and apartments in Oman. The agreement was signed between Cyril Piaia, chief executive officer of Muriya and Douglas Emmett, general manager of OIB.