Allana's focus on Ethiopia seems like a smart movetwo more pieces of news that show why Allana picked the right counry to invest in.
2/8/2015 Worldbulletin News on Turkey, Middle East, Muslim World, Latest News, Culture&Islamic History Worldbulletin News https://www.worldbulletin.net/servisler/haberYazdir/154594/haber 1/2 Ethiopian PM calls for 'economic integration' with Djibouti There have been flagship projects linking the two countries of which electric power sharing and railway link are notable ones. Ethiopia has already begun exporting electricity to Djibouti. World Bulletin / News Desk Ethiopian Prime Minister Hailemariam Desalegn on Sunday called for enhanced efforts for further cementing economic integration with neighboring Djibouti. The Ethiopian Premier made the call during an address to the Djiboutian Parliament in which he lays out the strategic objectives of economic integration between the two Horn of Africa countries and the region as a whole. The region, Desalegn said, would be better off integrated considering the comparative advantages there are Africa 13:07, 08 February 2015 Sunday2/8/2015 Worldbulletin News on Turkey, Middle East, Muslim World, Latest News, Culture&Islamic History Worldbulletin News https://www.worldbulletin.net/servisler/haberYazdir/154594/haber 2/2 in each country to share with the other. "What we have is shared by you for greater unity and integration," he told the Djiboutian MPs. He said that the Ethiopian government would pursue the cause of integration with Djibouti "with singular dedication". "I hope and expect this will be reciprocated by our Djiboutian brothers and sisters," said Desalegn, who arrived in Djibouti on Saturday to attend a meeting of the EthiopianDjibouti joint commission. There have been flagship projects linking the two countries of which electric power sharing and railway link are notable ones. Ethiopia has already begun exporting electricity to Djibouti. "Let the rest of the world learn from our example," Desalegn said, indicating the need for the two countries to further enhance cooperation towards longterm strategic objectives. "We need to learn to sacrifice shortterm benefits for longterm gains for the benefits of the peoples of Djibouti and Ethiopia,” Desalegn said. "Rest assured [that] we will both shine in region as pillars of regional integration," he said. Ethiopia uses the port of Djibouti for exports and imports. Following his address, the Ethiopian Prime Minister visited the port and the Djiboutian Free Zone https://www.worldbulletin.net/haber/154594/ethiopian-pm-calls-for-economic-integration-with-djibouti
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2/8/2015 Worldbulletin News on Turkey, Middle East, Muslim World, Latest News, Culture&Islamic History Worldbulletin News https://www.worldbulletin.net/servisler/haberYazdir/154022/haber 1/2 Ethiopia's new railway starts in 2016 Ethiopia says new railway to Djibouti to start in early 2016 World Bulletin / News Desk Ethiopia expects to open a new railway line linking the capital Addis Ababa with the Red Sea state of Djibouti in early 2016, a project at the centre of plans to create new manufacturing industries, the head of the state railways said. The 700km (450mile)line is being built at a cost of $4 billion by China Railway Engineering Corporation (CREC) and China Civil Engineering Construction (CCECC). Ethiopia is seeking to have 5,000 km of new lines working across the country by 2020. "By October 2015, a considerable portion of the Addis AbabaDjibouti project will be finished," Getachew Betru, chief executive of the Ethiopian Railways Corporation, told Reuters, adding trains would run soon after. "We will start early 2016." In addition to the Djibouti line, two others are being built across the country which are among a range of big infrastructure investments that also include new roads and dams to produce hydroelectric power. In a bid to keep the economy expanding at the 8 percent or more it is already achieving, the nation of 96 million people wants to become an African manufacturing hub, offering investors efficient transport, plentiful labour and cheap power. Africa 11:15, 29 January 2015 Thursday2/8/2015 Worldbulletin News on Turkey, Middle East, Muslim World, Latest News, Culture&Islamic History Worldbulletin News https://www.worldbulletin.net/servisler/haberYazdir/154022/haber 2/2 In the capital, a new $475 million light railway system will be tested in the next few weeks before scheduled services start. It will be the first city metro to operate in SubSaharan Africa. Among the new national railway lines, one will connect the region of Afar, where Ethiopia is encouraging the mining of potash for fertiliser, to Djibouti, the main export point for landlocked Ethiopia. Canada's Allana Potash Corp is among the firms developing mines in Afar. Most Ethiopians still depend on subsistence agriculture, but the country is building a textile and garment industry, produces shoes, assembles cars and trucks and other products. It is drawing some investors from China and India, where wages are rising. For now, logistical difficulties such as poor roads and an old fleet of trucks mean transporting goods from the capital to Djibouti can take days. The new railway line will cut the journey time to about eight hours. "It is a gamechanger for us," said Getachew. "It will be one of the most vibrant economic corridors in the world."
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