Archive for September, 2011

Djibouti: Mineral Industry Overview

(HornTrade) – In 2009, the small East African country of Djibouti was a producer of perlite, salt, and such construction materials as basalt (table 1). Djibouti’s production and consumption of minerals were not globally significant.

Production

Salt production started on a semi-industrial scale at Lake Assal in 1998. Production increased from 2004 to 2008 because of the resumption of demand from Ethiopia. Production had nearly ceased in 2004 because of a 53% tariff that Ethiopia imposed in October 2003 on salt imports from Djibouti. Perlite mining started in 2009. Read the rest of this entry »

Ethiopia Sells Bonds to Finance Africa’s Biggest Power Plant

(HornTrade) – Sept. 29 (Bloomberg) — Ethiopia plans to offer more bonds to finance Africa’s biggest power plant after selling 7 billion birr ($408 million) of debt domestically over the past six months, Communications Minister Bereket Simon said.

The sale will contribute to the 80 billion birr needed to finish the 5,250-megawatt Grand Ethiopian Renaissance Dam on the Blue Nile River, Bereket said in an interview on Sept. 27. The country isn’t raising funds from foreigners in a bid to demonstrate its economic resurgence, he said. Read the rest of this entry »

Stratex International Acquires 49.9% Shareholding in Rift Resources to Provide Exposure to Ethiopian Potash

(HornTrade) – Stratex International plc, the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, announces it has acquired a 49.9% holding in newly-formed potash-focused exploration company Rift Resources plc (‘Rift Resources’) after ongoing exploration in the Afar region of Ethiopia has highlighted the prospectivity for the commodity.

Highlights

·        New 500 sq kmpotash licence in the prospective Afar region of Ethiopia – licence to be assigned to newly-formed company Rift Resources

·        Rift Resources aims to increase its exposure to potash and other industrial minerals in Ethiopia and the wider region with a view to listing in due course Read the rest of this entry »

Djibouti is getting its first 3G wireless network

(HornTrade) – Djibouti Telecom has partnered with Ericsson to enhance its 2G network and introduce a 3G network. The carrier will be able to offer mobile broadband services.

DT will introduce advanced roaming capabilities and automatic device configuration (ADC), which is a complete solution for automatic mobile device management within Djibouti Telecom’s mobile network. Also new are ring-back tones.

“We have grown rapidly as a company and in order to maintain the momentum and build on it we have chosen Ericsson as a partner to assist us in improving our services,” said Abdourahman Mohamed Hassan, CEO of DT. “We are proud to be the first to bring 3G connectivity and mobile broadband services to the country and with the help of Ericsson’s technology and capabilities we can ensure that this will significantly enhance the experience for our customers.” Read the rest of this entry »