Ethiopia: Uruguay Keen to Open Embassy in Addis Ababa
Uruguayan Foreign Minister Rodolfo Nin Novoa expressed its country’s intention to open an embassy in Addis Ababa, Ethiopia, to bring Uruguay closer to the African continent.
Ethiopia: US based Monetary Metals Lends Akobo Minerals USD 8.5 Million
Abyssinia Resources Development, a subsidiary of Akobo Minerals, secured a USD 8.5 million loan facility from Monetary Metals, a US based company. The fund will help Akobo advance its gold mining development work in Segele which is at its final stage.
Ethiopia: US Company to Supply Water Treatment and Purification Technologies
The American based global chemical manufacturer, Dow chemical Co. (DOW), announced it is on the way to offer water treatment and purification technologies to Ethiopia’s market.
Ethiopia: US Congress Votes to Extend AGOA for Ten Years
The US Congress on Thursday, June 25, 2015, voted to extend the African Growth and Opportunity Act (AGOA) for another ten years, according to The Daily Monitor.
Ethiopia: US Grants USD 1.1 million to TM Geothermal Operations PLC
The United States granted USD 1.1 million to TM Geothermal Operations PLC with a view to supporting the Tulu Moye Geothermal Project which is located in Arsi zone, Oromiya Regional State and which is the nation’s second geothermal plant. The United Stated Trade and Development Agency donated the money to undertake a feasibility study for the first 50MW stage of the planned 520MW project.
