Archive for the ‘Investment’ Category

Further Results from Ethiopian Mines Announced by Nyota

Monday, October 31st, 2011

Nyota Minerals has announced assay results for a further 32 diamond and reverse circulation drill holes covering the main Tulu Kapi ore body and step out targets, with positive infill results underpinning the resource base. The results will help upgrade the Tulu Kapi resource according Richard Chase Chief Executive Officer of ...

US $1 billion Chinese railway line for Ethiopia

Monday, October 31st, 2011

Ethiopian Railway Corporation (ERC) and the China Railway Group Limited (CREC) on Tuesday sealed a US$1 billion deal to build railway infrastructure in the Horn of Africa country. Photo/Reuters The new railway line, to be built by CREC, runs from Sebeta town, some 25 km west of Addis Ababa, to Meiso town ...

Ethiopia readies 3 mn hectare for investors

Sunday, October 16th, 2011

Ethiopia, a landlocked country located in the horn of Africa, is readying over 3 million hectare of land for investors to develop large-scale commercial farms, according to a government official.

Allana Potash appoints BNP Paribas as advisor for Ethiopian potash project debt financing

Tuesday, October 4th, 2011

Allana Potash Corp. (TSE:AAA)(OTCQX: ALLRF) said Monday it has hired investment bank BNP Paribas as financial advisor for the structuring of a debt financing, which will be used for the construction of the company's Ethiopian potash project.

Diageo OutBids SABMiller to Acquire Ethiopia State Brewer for $225 Million

Tuesday, October 4th, 2011

Diageo Plc (DGE), the world’s largest distiller, agreed to buy Ethiopia’s state-owned Meta Abo Brewery for $225 million after outbidding SABMiller Plc (SAB) and Heineken NV. (HEIA) Diageo, which makes Guinness stout, will expand Meta Abo and introduce new products, Wondafrash Assefa, a spokesman for Ethiopia’s Private and Public Enterprises Supervising ...

Ethiopia Changes its Mind on Purchasing Bombardier Aircraft

Tuesday, September 27th, 2011

The Ethiopian Airlines said it had changed its plan to purchase Bombardier aircraft. It was reported last week that the airlines was holding talks with representatives of Bombardier, the Canadian airframer, for the purchase of additional Q400 aircraft which are known for less emission and noise.

Indian investors eyeing Ethiopian agriculture

Monday, August 29th, 2011

ADDIS ABABA: A group of Indian investors are visiting Ethiopia with interest in the east Afrian nation's rapidly growing farm sector.

Indian agribusiness sets sights on land in east Africa

Thursday, August 25th, 2011

Indian agribusiness companies are ready to spend $2.5bn buying, or renting for decades, several million hectares of cheap land in Ethiopia,Tanzania and Uganda in what could be some of the largest farming deals struck in Africa in the last 50 years.

Ethiopia might import SA coal via Berbera Port

Monday, August 22nd, 2011

The Ethiopian Petroleum Enterprise is to import coal from South Africa with the aim of securing a sustainable supply of coal as an alternative source of energy for cement factories in Ethiopia.

Ethiopia might import SA coal via Berbera Port

Monday, August 22nd, 2011

The Ethiopian Petroleum Enterprise is to import coal from South Africa with the aim of securing a sustainable supply of coal as an alternative source of energy for cement factories in Ethiopia.