Ethiopia and Zambia are working on developing bilateral relations said Francis Simenda Zambian Ambassador to Ethiopia.
The two nations are taking measures to enhance existing relations he explained speaking at an event organized in Addis Ababa to commemorate the 48th Anniversary of Zambian Independence.
Ethiopia and Zambia have agreement on diplomatic, economic and technical cooperation which were recently signed into effect said Simenda.
A survey involving the drilling of 19 wells in the Ogaden region confirmed the presence of 21.336 billion cubic meters of natural gas. This latest discovery adds to Ethiopia's existing oil and natural gas deposits found in six locations across the country.
The Ethiopian Ministry of Mines announced that five international companies have invested 6.5 billion US dollars in the Ethiopia potash mining industry.
The five companies are G and B Central Africa Resource Limited, Saynic Potash, Nova Potash, Allana Potash and BHP Belton World Exploration Ethiopia. All of these companies have based their activites in Dalol.
Potash deposits from three points in the South Western part of its claims were made by Allana Potash last week according to company sources.
The Ethiopian Ministry of Trade and Regional Integration announced a revision on prices for fuel, starting from May 8, 2022. The Ministry cited the global surge in fuel prices as the main reason for the fuel price increment, benzene costing $1,028 per metric ton while diesel now costs $1,138 per metric ton, from up from $870 and $730, respectively, just a month ago.
Ethiopia’s Public-Private Partnerships Directorate General (PPP-DG) has issued a Request for Pre-Qualification (RfQ) for up to 500 MW of solar power generating capacity. The 500 MW is divided into four projects: Humera, Mekele, Welenchitti and Weranso.
