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Mysterious Wheat Deals Complicate Hunger Fight in Ethiopia
Source: Bloomberg | Samuel Gebre, Agnieszka de Sousa and Simon Marks Nation scrapped import tenders for grain after no progress Ethiopia is seeking outside assistance to help feed its people Back in November, Ethiopia unveiled two deals to buy deeply discounted wheat from suppliers that seasoned traders had never heard of. A website named for one […]
Ethiopia is set to end its $3.6 billion oil deal with a controversial US firm after probe
Source: Quartz Africa | By Zecharias Zelalm Senior officials at Ethiopia’s Ministry of Mines and Petroleum say the government is set to rescind an agreement with a US-based self-described energy firm after an investigation by Quartz Africa revealed the company had no petroleum industry expertise or technical credentials. “We are in the process of canceling our agreement with the company,” […]
US businessmen are close to exploiting Ethiopia’s oil plans in a multibillion-dollar scheme
Source: Quartz Africa | By Zecharias Zelalm An Ethiopian-American investor and his partners are on the brink of pulling off an elaborate scheme that may unfairly take advantage of Ethiopia’s long-held ambitions to build its own oil & gas industry and become energy independent. Nebiyu Getachew, 48, chief executive of GreenComm Technologies, a Virginia-based energy […]