2merkato

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.

The Ethiopian Embassy in Islamabad announced the second Ethio-Pakistan Business Forum, scheduled for late May in Ethiopia. This forum builds on the success of previous editions, aiming to deepen economic ties between the two nations.

Ethiopia can expect to receive more than 511 million US dollars from the tourism industry this year according to Tesfaye Getahun, Tourism Development and Marketing Coordinator for the Tourism Ministry.

The anticipated revenue will exceed the amount from the last fiscal year by approximately 194 million US dollars said Tesfaye. This revenue is in step with the consistently increasing numbers of tourists to the country every year he added.