DJIBOUTI |

Potash Plan Spurs $98-Million Road Link in Horn of Africa

LAGOS (Capital Markets in Africa) – Djibouti contracted a Kuwaiti company to build a $98-million road link to enable landlocked Ethiopia to ship its first potash output from a new Red Sea port, officials said. Kuwait City-based Mohammed Abdulmohsin Al-Kharafi & Sons Co. is constructing the 128-kilometer (79.5-mile) road connecting the harbor to the border, while Ethiopia plans to provide an 11-kilometer stretch on its side, according to Aboubaker Omar Hadi, the chairman of Djibouti’s ports authority….

Toshiba to Work With Djibouti to Develop Geothermal Power

Posted on by The Editorial Team

DJIBOUTI, Capital Markets in Africa: Toshiba Corp., the world’s biggest supplier of geothermal turbines, plans to work with the government organization responsible for developing geothermal power in Djibouti, to promote the energy source. The Tokyo-based company and the Office Djiboutien de Developpement de l’Energie Geothermique, or ODDEG, signed a memorandum of understanding to develop the African country’s geothermal resources and provide training for plant workers, Toshiba said in a statement Tuesday. Toshiba will help ODDEG put…