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Part One: Ethiopia a rising star for sourcing garments

2014-02-18 12:04:00| Daily apparel & textile news and comment - from just-style.com

Ethiopia is fast becoming a rising star for sourcing garments. The country's efforts to build its textile and garment industry and offer competitive prices in the international market has attracted a growing number of new buyers in recent years. Michelle Russell takes a closer look at the growth taking place in this developing market and what it has to offer those willing to invest.

Tags: part star rising ethiopia

ICL, Allana Potash to jointly develop potash mine in Ethiopia

2014-02-13 01:00:00| Naval Technology

ICL (ICL.TA), a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs in the agriculture, food and engineered materials markets, announced that it has entered into a strategic alliance with Allana Potash,

Tags: develop mine ethiopia jointly

Ethiopia: Israel to Finance Wolkayit Sugar Project

2014-02-04 07:09:32| Sugar Industry News

An Israel construction company, Natifa, secured a loan to be used to finance the Wolkayit Sugar development project from an Israeli bank. Reliable sources told The Reporter that Natifa has been negotiating with Israeli banks that could finance the Wolkayit Sugar factory that the Ethiopian Government planned to build in the Tigrai Regional State. Sources said that Natifa secured more than 100 million dollars loan for the project from an Israeli bank. Natifa is working with a local construction company, Yemane Girmay Construction. The public relations department of the Ethiopian Sugar Corporation said it is not aware of the said loan agreement. However, sources said that a loan agreement will be signed by the governments of Israel and Ethiopia in the near future.

Tags: project finance israel sugar

Ethiopia, Algeria Sign Cooperation Agreements

2014-01-28 07:37:12| Sugar Industry News

Ethiopian Foreign Affairs Minister Dr. Tedros Adhanom and his visiting Algerian counterpart Ramatane Lamamra signed on Sunday bilateral cooperation agreements in the areas of culture, tourism, media content exchange and capacity-building.

Tags: sign cooperation agreements algeria