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Source: http://www.ventures-africa.com/2013/05/africa-business-confidence-remains-worlds-highest/ VENTURES AFRICA – Business confidence in Africa remains the highest in the world, according to the, annual YPO Global Pulse Confidence Index for Africa. Business confidence, which in essence refers to confidence among African business leaders about business conditions in the continent, had leapt more than six points in the fourth quarter of […]
Allana Potash Corporation – “A Potash Oasis“ - 23 May 2013 Investment Thesis Allana Potash is developing one of the lowest cost, most strategically located potash projects in the world. The company has extensively developed its flagship Danakhil potash project in Ethiopia, proving out a large, high-grade resource, with attractive economics as outlined […]
While this account cites a loan closer to $3 billion: http://www.ethiopiainvestor.com/index.php?option=com_content&task=view&id=4097&Itemid=88 ADDIS ABABA, May 23 (BERNAMA-NNN-ENA) Ethiopia, Djibouti and China have signed an agreement for a loan of more than US$2.0 billion from China’s Export-Import Bank for the construction of the 756-kilometre Addis Ababa-Djibouti railway project. The loan will also cover the cost of the […]
A young man uses a sewing machine during vocational training for street children in Ethiopia. Photo: Panos/Robin Hammond By: Andualem Sisay, in Addis Ababa In Hawassa City in southern Ethiopia, 250 kilometres from the capital Addis Ababa, 24-year-old Mitike Paulos, her younger sister and three friends are busy producing leather bags and belts for sale. Mitike and her […]
Swedish business delegation, headed by Sweden’s State Secretary for Trade, Mr. Gummar Oom, made a working visit to Ethiopia last week, May 14th-16th. Companies included in the delegation involved organizations that focus on infrastructure, ICT, textile and leather, manufacturing and energy, and included ABB, Atlas Copco Group, Ericsson, MIDROC, Minority IT, Power Circle, Sandryds Handels, […]
ADDIS ABABA, Ethiopia May 22, 2013 (AP) Ethiopian authorities have carried out another wave of arrests that brings the number of people detained on suspicions of corruption to more than 50. Berhanu Assefa of the country’s federal ethics and anti-corruption commission says at least 51 people have been arrested in the past few weeks. He […]
Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) (“Allana” or the “Company”) is pleased to announce that the Company has received approval of its Environmental, Social, and Health Impact Assessment (“ESHIA”) from the Ethiopian Environmental Protection Authority (“EPA”) and Ministry of Mines and Energy (the “Ministry”). The approval of the ESHIA, prepared by Environmental Resources Management […]