Rio Tinto leaves Zimbabwe

Rio Tinto leaves Zimbabwe

Rio Tinto, the global mining giant, has left Zimbabwe after 60 years of business in the country. The decision came after they sold their 78% stake in Murowa Diamonds and 50% interest in Sengwa Coal to RioZim.  “Rio Tinto believes that the future of these assets can be best managed…

Kuwait Fund Loan Agreement with Ethiopia

On June 16, 2015, in Addis Ababa a Loan Agreement was signed between The Federal Democratic Republic of Ethiopia and the Kuwait Fund for Arab Economic Development. The agreement constitutes a K.D. 6.5 million loan, equivalent to about US$ 22.1 million, which will help fund the Axum Water Supply. Along…