Ethiopia’s Council of Ministers gave the permission for Circum Minerals Ltd., a British company, to extract potash in Danakil Depression, Afar State. This made the company the only company engaged in the extraction of potash in Ethiopia.
The Chairman and Co-founder of Circum Minerals Ltd. Stephen Dattles, unveils On May 6, 2015 "Circum has proven up a major world-class potash project in the Danakil Basin in Ethiopia. Given its location on the doorstep of the Asian Markets this discovery has the potential to dramatically change the dynamics of the potash industry and become a future source of significant supply of potash", PR Newswire reported.
The Addis Ababa City Administration Housing Development Administration Agency said it is going to transfer 38,000 condominium houses in November 2008 Ethiopian Calendar (EC).
The Addis Ababa Housing Development Administration Agency is preparing to issue title deeds for 156,430 kebele houses from 174,000 houses in Ethiopia’s capital, according to Fana Broadcasting Corporate (FBC).
The Addis Ababa City administration received a loan of 4.4 billion birr from the commercial Bank of Ethiopia for its housing development project. The money is earmarked for the construction of more than 40,000 condominiums this year.
The loan agreement was signed between the bank and the housing development project office on Sept 27. The loan from the commercial bank needs to be paid off in the fourth year after the agreement was signed with six per cent interest, according to Befekadu. The agreement allows the first year for construction and extends a further two years as a grace period he said.
