· Debt finance mandate executed following signing of US$200M term sheet · African development financial institutions Afreximbank and AFC will act as Mandated Lead Arrangers Danakali Limited (ASX: DNK, LSE: DNK) (Danakali or the Company) is pleased to announce that…
Year: 2018
Eritrea breakthrough as UN sanctions lifted
The UN Security Council has unanimously agreed to lift sanctions against Eritrea after nine years. An arms embargo, asset freeze, and travel ban were imposed in 2009 amid claims Eritrea supported al-Shabab militants in Somalia. Eritrea always denied the accusations.…
Ethiopia, Eritrea reopen border points for first time in 20 years
ADDIS ABABA (Reuters) – The leaders of Ethiopia and Eritrea re-opened crossing points on their shared border for the first time in 20 years on Tuesday, cementing a stunning reconciliation and giving Addis Ababa a direct route to its former…
Ethiopian Ship Docks at Port of Massawa After Two Decades
Addis Ababa September 05/2018 Ethiopian commercial ship, which docked today at the Port of Massawa, is heading to China today after Two Decades. The ship with brand name “Mekelle” with the length of 166 meters and 27meters heights, is now…
Eritrea considers new port for potash trade after Ethiopia peace deal
Eritrea is considering a new port on its coast line with the aim of helping export potash from mines being developed in the country and from neighboring Ethiopia, the Bloomberg news portal reports. The port is to be situated at…