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sbergieon Jul 04, 2013 10:26am
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JR POST IN ENGLISH
JR POST IN ENGLISH
Afriexembank finance le canadien Allana Potash
1 July, 2013
Afrexim Bank, which has just held its 10th annual general meetings in Addis Ababa under the chairmanship of the Ivorian Jean Louis Ekra (photo), would be spirit to complete funding of $ 600 million for projects of Canadian Allana Potash in Ethiopia. The firm listed in Toronto and which enjoys a triple-A is involved in the Anakil area (eastern Ethiopia).
It is an amount equivalent to one-sixth of the annual commitments of the Bank created 20 years ago to support the African export after the manner of the American or the Chinese Eximbank.
Some experts, including within the African Development Bank, founding shareholder, see this support for a powerful multinational corporation, further evidence of de facto change of vocation of Afreximbank. What defends himself an allowable vote close to the Presidency of the Bank. "Afrexim Bank finance and accompanies businesses that settle in Africa, with a special focus for the food industry," notes.
Allana Potash should install a site of production of potash and fertilizers. A project very awaited by Ethiopia, for ten years engaged in far-reaching agricultural investments.