potashCircum Minerals Ltd., a closely held Canadian miner, held talks with Chinese and Indian companies about establishing a partnership to develop a $2.58-billion Ethiopian potash plant as it awaits a mining license from the government, its chief executive officer said.

Several companies from other nations are also interested in the world’s “lowest-cost” potash mine in the northeast Afar region that may generate $1 billion of the fertilizer ingredient a year by 2022, Brad Mills said by phone from Toronto on Wednesday. Chemical producers, industrial engineering companies and Chinese and Indian potash-sellers with valuations of at least $25 billion are the type of partners being considered, he said.

Read more at: http://www.bloomberg.com/news/articles/2015-11-06/circum-mulls-china-partner-for-2-6-billion-ethiopia-potash-mine

saudi king

King Salman bin Abdulaziz Al Saud of Saudi Arabia said his country is ready to support Ethiopia's ongoing development projects.

During his discussion with Prime Minister Hailemariam Dessalgen in Riyadh, he stated that the countries will work jointly to consolidate their development cooperation.

King Salman pointed out that the historic relation of the two countries has in recent years grown into comprehensive cooperation.

To further improve the economic ties of the countries, Saudi Arabia will send delegation of investors to Ethiopia soon, King Salman revealed.

Prime Minister Hailemariam Dessalgen said on his part that Ethiopia wants to be the destination of investors of Saudi Arabia which is one of the countries with strong economic power.

The premier pointed out that there is also favorable investment environment and policy preparedness to accommodate Saudi investors in the country.

Read more at: http://www.ena.gov.et/en/index.php/politics/item/1564-saudi-king-pledges-to-send-delegation-of-investors-to-ethiopia-soon#sthash.USw4PFX9.dpuf


ORIGIN AFRICA 2015, an exhibition dedicated to improving African cotton, textile and apparel trade, kicked off in Ethiopia.

President Mulatu Teshome opened the exhibition with a remark.

The government has attached due attention to the textile sector in the second Growth and Transformation Plan (GTP-II) period since it generates foreign exchange and create more jobs, the President said in his opening remark.

Works are underway to resolve the bottlenecks and to search a reliable market for investors engaged in the sector, he said.

The exhibition will help Ethiopia promote its potential in the sector and attract more investors, he added.

Ahmed Abitew, Minister of Industry, said technical and vocational training institutions will work to address the skilled manpower problems in the sector.

Over 180 international manufactures and exporters represented from 25 countries are attending the event.

Read more at: http://www.fanabc.com/english/index.php/news/item/4212-exhibition-dedicated-to-improve-african-cotton,-textile-kicks-off-in-addis


Fontana Flowers Plc, the largest Indian based horticulture company in neighbouring Kenya will begin operation of its horticulture farm in Ethiopia in the next few weeks at the cost of 11 million dollars. The company has leased a 100ha land at Wenjeta and Wegelta kebeles 20Km from Bahir Dar in the Amhara Regional State. Currently Fontana, which has hired 1,300 employees, is clearing land for growing roses and for warehouse construction. The company will exclusively grow different cut rose varieties. It will first start growing on 65ha, with a target revenue of 95.9 million dollars a year.

Read more at: http://www.geeskaafrika.com/ethiopia-fontana-joins-horticulture-development-in-bahir-dar/11294/#sthash.OqIbQwua.dpuf


Foreign investors operating in the country have indicated the huge potential in Ethiopia’s agro processing sector, in which many investors are showing interest.

The Ethiopian Investment Commission says the sector’s untapped potential is benefiting those already in the sector and luring more others.

In an exclusive interview with ENA, GetahunNegash Public Relations Director with the commission said the sector is enjoying huge government support due to its unexploited potential.

So far, both sides – the government and investors – are benefiting from engagements in the sector, Getahun said.
The communications director listed coffee, livestock products, oilseeds and pulses as well as fruits, vegetables and flowers, as potential raw materials for agro-processing.

Natural gums, spices and mineral products are also included among the list of raw materials for the sector.

Read more at: http://www.ena.gov.et/en/index.php/economy/item/1517-foreign-investors-eye-growing-prospect-in-agro-processing#sthash.27oKrIFY.dpuf