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Allana Potash Corp agrees to $137-million takeover bid from Israel Chemicals

Originally posted on Financial Post:
Allana Potash Corp. agreed to a $137-million takeover bid from Israel Chemicals Ltd. because its chief executive said there was no other way to avoid massive dilution of shareholders. Toronto-based Allana is in the same position as many other junior mining firms: it has a great project but no easy…

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30 March 2015 Business News Briefs

. Ethiopia Plans to Introduce Secondary Bond Markets Next Tax Year by William Davison (Bloomberg) — Ethiopia will develop a secondary market in government and corporate bonds next fiscal year to expand the country’s fundraising options, a central bank official said. The National Bank of Ethiopia will create the market in the year ending July […]

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Allana Potash Enters Into Arrangement Agreement With ICL

In “we” I refer to the retail shareholders who bought prior to 2 years ago and held. In contrast, the winners are ICL, Allana management, and most importantly and deservedly, the nation and people of Ethiopia. The biggest single winners are, in my opinion, Idan Ofer and, on a different level, Nejib Abba Biya, who collects and […]

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South Boulder Mines Potash Project – PFS and Director’s Interests (ASX:STB)

Originally posted on Industrial Minerals:
Summary: After a successful pre-feasibility study by South Boulder Mines (ASX:STB) on the 4th of March 2015, directors have been acquiring a larger stake in the company (see below). A DFS is to be completed by Q3 2015, with first production planned for 2018. Development Capital for Phase I of US$442 million…

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Nile Basin – Water Politics

Shifting regional politics as the approval of Ethiopian dam and co-operative agreement may signal new directions in dispute over Nile-basin water resources On March 23rd, Ethiopian Prime Minister Hailemariam Dessalegn, Egyptian President Abdel Fattah al-Sisi and Sudanese President Omar Al-Bashir, met in Khartoum and signed an agreement on the ‘Declaration of the Principles’ of the Grand…

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Banks prepare for capital markets surge

  Dealmakers are still circling in African markets in preparation for a strong year of corporate and sovereign activity on debt and equity markets. Abidjan is a city rising back to its former glory. Four years into its post-conflict economic recovery, Côte d’Ivoire is on the verge of issuing its second eurobond, likely to be […]

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Ethiopia land grabbing

BELG BEHIND SCHEDULE

. Less rainfall, same production . Ehil Berenda, near Amanuel Church at Merkato where all sorts of crops starting from lentils to bean to teff are sold in wholesale and retail market. . Debebe Fereja, in his 80’s, has been a crop wholesaler for the past 40 years. He sells grain such as lentils and […]

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Ethiopia – A land of promises!

Not many consider Ethiopia an attractive proposition for Indian exporters. Here’s a fact that could change your perception – over 8% of Ethiopia’s total imports from the world comes from India, and yet the market doesn’t feature in the top 10 export markets for Indian traders in Africa (it’s at no.15). With great potential for […]

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24 March 2015 News Round-Up

 . Ethiopia’s leap toward solar energy  . Addis Ababa: March 24, 2015  – . Small steps can be much larger than they seem, some steps forward become great leaps. Ethiopia, a vibrantly growing economy attracting many investors, will need alternative sources of energy to sustain production and economic growth. It is out of these challenges […]

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How Ethiopia managed to supply water to 48 million people

Originally posted on UNICEF Connect – UNICEF BLOG:
The Ebo clean water project benefits 27, 000 people in seven villages including 15,000 school children, with clean water in their school and households. Young girls now can attend school regularly without spending more time looking for water. ©UNICEF Ethiopia/2015/Bizuwerk Today, we’re celebrating something special in Ethiopia…

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