2merkato

Ukraine’s largest private power and coal producer DTEK is to supply coal to Ethiopia this year. The company will deliver coal to Ethiopia to be used in cement production as part of its bid to increase its presence in forign markets.

The export potential to African markets is estimated at least 300, 000 tons of anthracite coal according to Andrev Favorov, Commercial Director with DTEK in a statement.

There is significant demand for high quality anthracite coal on the African continent he noted.

Du Pont, an American Fortune 100 company, is set to expand and diversify operations in Ethiopia.

The company aims to provide what Ethiopian farmers need by providing selected seeds as its revenue in the region said Jim Borel, Vice President of Du Pont.

The company has meet with Tefera Derbew, Minister of Agriculture and is in the process of enhancing its seed production and conditioning facilities in Ethiopia for maize production explained Borel.

Representatives of the Dubai Chamber of Commerce and Industry are scheduled to visit Ethiopia in November.

The visit is due to a country focus presentation that members of the Ethiopian Chamber of Commerce and Sectoral Associations had made late in June to 150 companies in Dubai on the investment opportunities and promotion available in Ethiopia. 

As part of its quest to make economic inroads in investment in Africa, the Dubai Chamber of Commerce and Industry has embarked on a four-day trade mission to Nairobi and Addis Ababa to highlight its strategy for the continent.

Dubai Chamber of Commerce and Industry (DCCI) Officially opened its representative office in Addis Ababa on Thursday May 9, 2013. Yaekob Yalla, State Minister of Trade said, the opening of the representative office will further strengthen the long standing business and people-to-people relations with the Middle East.

According to Yaekob, frequent visits have been made by senior government officials from the two countries in the previous years to strengthen bilateral relations between the two countries.