2merkato

The Ministry of Information and Communication Technology (MICT) said that it had granted permission to companies that run internet-dependant operations to acquire and use VSAT (Very Small Aperture Terminal).

Some months earlier, the ministry had issued a directive allowing companies which are dependent on the internet and those working in remote areas of the country where there is no access to the internet to use VSATs, Debretsion Gebremichael (PhD), minister of MICT, said.

Three companies in Ethiopia's Kombolcha Industrial Park have resumed operations following the ease of security situations in the area, and have started exporting their products abroad, it has been reported.

Allana Potash Corp. announced that it had awarded an Environmental and Social Impact Assessment Study (ESIA) on its Ethiopia potash project to Environmental Resources Management (ERM).

The ESIA is scheduled to be completed around August 2012 and will form an integral part of the feasibility study the company is planning to initiate shortly.

ERM has offices in 40 countries around the world and Allana's project will be coordinated out of South Africa.

Yetim ePayment Service PLC, a newly formed local company, Friday launched a service that provides instant information including schedules of Ethiopian Airlines's departure and arrival, foreign exchange rates, prices of coffee, gold and related items as well as cinema schedules via cell phone to potential customers.

Stratex acquires 49.9% shareholding in Rift Resources to provide exposure to potash in Ethiopia.

Stratex International plc, the AIM-listed gold miner, said yesterday that it had acquired a 49.9 percent holding in potash-focused exploration company Rift Resources plc after exploration in the Afar region of Ethiopia highlighted the prospectivity for the mineral.