DJIBOUTI

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

Posted on by The Editorial Team
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….

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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…

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