First Tidal Acquisition Corp T.AAA

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First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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Post by Jeremy2014on Apr 11, 2014 8:11am

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China to boost investment in Ethiopia mining sector

Ethiopia Hails Chinese Development Contributions

04/09/2014 21:34

China is currently involved in Ethiopia's road building, manufacturing and telecommunications sectors, among others.

Ethiopian State Minister for Finance and Economic Development Ahmed Shide on Wednesday thanked China for its valuable contribution to Ethiopia's impressive economic performance.

The recognition came during the eighth session of the Ethio-China Joint Commission on Economic, Scientific and Technical Cooperation and Trade, held in Addis Ababa on Wednesday.

Shide said Ethiopia had registered a successful macroeconomic performance over the past 20 years, thanks in part to contributions from friendly nations – with China at the top of the list.

"Development partners like the People's Republic of China have contributed a lot," he said.

"In the road sector, China has provided a concessional loan for a toll road project, which is the first of its kind in the country and for Bole road upgrading," he said.

The Chinese loan was also used in the energy sector for the establishment of several power-transmission and generation projects and wind power facilities, Shide said, going on to list various kinds of support that Ethiopia had received from China.

Loans for major railway projects, three sugar factories, an airport, a number of telecom expansion projects, and for the purchase of nine ships represented other examples of Chinese support for Ethiopia, according to the minister.

The Chinese delegation to the meeting was led by Assistant Commerce Minister Zhang Xiangchen, who asserted that China would work on boosting cooperation with Ethiopia further.

The two countries are expected to sign a framework agreement for future cooperation at the end of the meeting.

Earlier this month, Ethiopia and China agreed to ink a comprehensive cooperation framework deal with a view to strengthening bilateral ties and maximizing mutual benefits.

The framework deal is expected to focus largely on the aviation, space sciences, tourism and mining fields.

Ethiopia-China diplomatic relations were first established in 1970.

In 2000, the China-Africa Cooperation Forum was launched, quickly becoming an important platform for dialogue and cooperation between the two countries.

China is currently involved in Ethiopia's road-building, manufacturing and telecommunications sectors, among others.