Ethiopia is planning to finance the construction of a road that links it with South Sudan’s largest oilfields, Paloch oilefiends. The construction of the road is anticipated to help South Sudan to sell its fuel production for its neighbor at a planned new refinery.
The Ministry of Agriculture in Ethiopia is to build silos in 11 drought prone areas to enhance the nation’s food reserves.
The ministry currently operates 7 silos across the country with the total increasing to 18 once the new silos are completed.
MoA has finalized the feasibility study, site identification, and soil study to launch construction on the silos according to information from the ministry.
The Ethiopian Privatization and Public Enterprises Supervisory Agency approved the proposal tabled for the construction of a tantalum processing plant at the Kenticha Tantalum Mine.
The proposal for the construction of the plant was tabled by the Ethiopian Minerals Development sc. which owns the mine, last month.
It is to be remembered that the Ministry of Mines had counseled the EMDE to look towards producing value added tantalum at the Kenticha mine.
Ethiopia announced that it would build two more dams along its share of the Nile, six months after launching the construction of a 5,250 megawatt power plant on the river.
Ethiopia aims to produce 20,000 megawatts of power within the next ten years, part of a plan to spend 12 billion dollars over 25 years to raise power generating capability.
According to Reuters, officials estimate that the country has the potential to produce about 45,000 megawatt of electricity.
Ethiopia has issued a new international tender for the supply of 35,000 tons of milling wheat according to traders in Europe.
The deadline to offer bids for the invitation is the 29th of March. The tender did not specify the origin of the wheat but shipping is requested by the 7th of May said the traders.
Ethiopia is in the process of evaluating a previous tender for a similar purchase of 35,000 tons of wheat, which closed on the 15th of March. The deadline for the bids was extended at that time explained traders.
The purchase of the milling wheat tendered is being financed by international aid agencies in both instances according to the European Traders.
Source: Reuters
