Energy and Mining


Ethiopia's Ministry of Mines to Scrap Ban on Export of Rough Gem & Raw Tantalum

The Ethiopian Ministry of Mines is scraping its plan to ban rough gem exports and export ban on raw tantalum, in order to increase the export volume of mineral resources, Fortune reported.

The Ministry has also raised its revenue projection for 2013/14 fiscal year to one billion dollar, from the initial target of US$777 million. In January 2013, the Ministry announced its intention to ban rough gem exports at the start of the new fiscal year. This was because of the considerably higher price a value-added stone would fetch when compared with the rough cut.

Add a comment Add a comment
Read more...

Ethiopian Electric Power Corp. to Commence First Phase of Aysha I Wind Farm

The Ethiopian Electric Power Corporation Board has approved the launching of the first phase of the Aysha I wind farm project in the Somali Regional State, according to information obtained from the Ethiopian Ministry of Foreign Affairs website.

Construction of the project, split into three phases, will begin soon. The first phase will be carried out by the Chinese Company, Dongfang Wind, and is expected to produce 120MW of energy when completed. Add a comment Add a comment

Read more...

Exchange Rates

Selling
Buying
USD 47.6434  46.7092 
GBP 62.4298  61.2057 
EUR 55.2997  54.2154 
CHF 49.4183  48.4493 
CAD 34.8226  34.1398 
AED 11.7374  11.5073