The United Arab Emirates pledged a total of $3 billion in aid and investments to Ethiopia on Friday, an Ethiopian official said, a major show of support for the new prime minister, Abiy Ahmed.
The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage, government spokesman Ahmed Shide told Reuters at a palace in Addis Ababa after Abiy met with Abu Dhabi’s crown prince, Sheikh Mohamed Bin Zayed. Continue reading UAE to Give Ethiopia $3bn Aid Package→
Saudi Arabia has releasedPrince Miteb bin Abdullah, the 65-year-old son of the late King Abdullah and former head of the elite National Guard, after he agreed to pay $1 billion to settle corruption allegations against him.
Debt free mining firm with significant exposure to zinc and the cash necessary to develop a recently acquired world class copper-gold deposit.
It is not often that you find a mining company with a producing mine, a debt-free balance sheet, and positive cash flow. Even more infrequent, a miner that has an existing world class asset in a supply constrained commodity and a world class development property in a European nation. If all of this sounds appealing, then Nevsun Resources (TSX: NSU & NYSE: NSU) will be of some interest. Continue reading Nevsun – Buy On Past And Present Performance, Hold For the Future→
The Embassy of the State of Eritrea in France launched its France – Eritrea Investment and Partner’s Forum, within an overarching event that was designed to bring together existing friends and partners of Eritrea as guests and speakers.
About 40 friends, diplomats, investors and Eritrean counterparts attended the event, which took place at the Embassy of the State of Eritrea in Paris.