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Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 05:49



African Football

Long-awaited Ethiopia v Eritrea clash delayed again

By Omna Taddele, Football Writer, Ethiopia

https://www.bbc.com/sport/football/50643414


Ethiopian football fans will have to wait to see their team play neighbours Eritrea for the first time in more than 20 years

The Ethiopian Football Federation (EFF) has confirmed that it will not be sending a team to the regional Cecafa Regional Senior Challenge Cup in Uganda later this month.

It means that an expected match against neighbours Eritrea will not be going ahead - the two nations had initially been drawn in the same group for the tournament.

The EFF has also said that it will not be entering a team into the Cecafa Women's Under-17 Challenge Cup, which Uganda is also hosting.

No official reason was given for the federation's decision not to send the teams to the tournaments.

BBC Sport understands that financial difficulties are at least part of the reason for the teams withdrawals.

Ethiopia and Eritrea have not played each other at senior level since the two nations became involved in a border war in that began in 1998.

Relationships between the two countries have improved https://www.bbc.co.uk/news/world-africa-44771292 since diplomatic ties were resumed last year.

In recent weeks peace has returned to the area with diplomatic ties being resumed.

Since then both federations have been trying to arrange at least a friendly https://www.bbc.co.uk/sport/football/44927553 between the two countries, however the match is yet to be organised.

Ethiopia did take part in the inaugural Cecafa Men's Under-15 Championship https://www.bbc.co.uk/sport/football/49369416 earlier this year that was hosted by Eritrea, however the two sides did not play each other.

The withdrawal means Group A at this year's Senior Challenge Cup will feature hosts Uganda, Burundi and Eritrea.

Group will feature guest team DR Congo, who will use the tournament to prepare for the 2020 Total Africa Nations Championship (CHAN), alongside Sudan, South Sudan and Somalia.

The tournament is due to be held between 7 and 19 December.

The Women's Under-17 Challenge Cup is due to begin on 9 December with the final also on 19 December.

Without Ethiopia taking part it means Group A will be hosts Uganda with Eritrea and South Sudan while Group B features Tanzania, Burundi as well as Djibouti.


Zmeselo
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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 06:07



Djibouti, Eritrea threat to Lamu Port, Lapsset Corridoro

INFRASTRUCTURE

Launched in 2012, the mega project has been marred with cash constraints and lack of political good-will which has slowed down its implementation.

In Summary

________________________________________________________

•The Shippers Council of Eastern Africa has called on government to develop Lamu as a transshipment hub and a commodity port.

•Meanwhile, Lapsset CEO Silvester Kasuku has affirmed infrastructure is in place to ensure smooth transportation for both domestic and transit cargo.

________________________________________________________

By MARTIN MWITA
Business Writer


https://www.the-star.co.ke/business/201 ... -corridor/

03 December 2019

Lamu Port could fail to attract Ethiopia and South Sudan markets who might opt for the Djibouti and Eritrea ports, according to the Shippers Council of East Africa (SCEA).

The Lamu Port-South Sudan-Ethiopia- Transport Corridor project pegs its sustainability on the two countries.

According to the shippers council, the end of political and economic wars between Ethiopia and Eritrea following the July 2018 peace has created a conducive environment for trade.

Eritrea has a port which is closer to Ethiopia compared to the Lamu port.

Djibouti also provides Ethiopia with a relatively cheaper and convenient trade corridor through its port. Ethiopia seems to have shifted focus to Djibouti.

Road and rail infrastructure between the two countries including the Ethio-Djibouti railway passenger and freight system, which commenced on January 1, 2018, seem to have also shifted interest away from the Lapsset corridor.


Future prospects of peace between South Sudan and her neighbour Sudan will add pressure on Lamu Port, said SCEA chief executive Gilbert Langat.

Lack of a reliable road and rail network for cargo evacuation could also makes the use of Lamu port more expensive than Mombasa Port.
Let’s not count on these countries. If today South Sudan and Sudan go back to the old days and allow passage of goods through Port Sudan, it will impact Lamu Port. Ethiopia the same with Eritrea and Djibouti,
said Langat.
We have no control on what happens in Ethiopia and South Sudan,
he told the Star.

He said the government should instead focus on developing Lamu Port as a transshipment hub and a commodity port which allows developers to put up Special Economic Zones.

Langat said Lamu's natural depth and proximity to the open sea, makes it a gives it potential transshipment to serve South Africa, Tanzania, Middle East, Europe and even Mombasa just like Oman's Port of Salalah.
Lamu may provide a bigger facility for transshipment where Kenya can become a major player for transshipment and maritime trade. The government should give space to shipping lines to put up berths. This way, they will guarantee business,
Langat said.


The Kenya Ports Authority (KPA) is currently assembling equipment for Lamu Port (whose first berth was ready in August), while pushing promotional tariffs to shipping lines and agents.
The process (to equip Lamu Port) is ongoing,
KPA head of corporate affairs Bernard Osero told the Star yesterday,
We took shipping agencies there and a lot of them have showed interest in using Lamu Port.
KPA managing director Daniel Manduku says they have plans to transform Lamu into a transshipment hub, but focus still remains on regional import-export markets.
We are going to promote Lamu as a transshipment port,
Manduku told the Star, with Zanzibar among the targeted destinations.

Lapsset CEO Silvester Kasuku said that infrastructure is in place to ensure smooth transportation for both domestic and transit cargo, with southern Ethiopia and South Sudan being major destinations.
I can confirm that we have immediate offtake road for Lamu Port,
Kasuku said.

The government is tarmacking the 135-kilometre Lamu-Garsen road, the main road connecting Lamu to the rest of the coastal region and other parts of Kenya.

In August, the government indicated it would seek the African Union’s support in bringing investors and regional support for the Lapsset project.

Launched in 2012, during former President Mwai Kibaki's regime, the project has been delayed by cash constraints and lack of political good-will which has slowed down its implementation.
Last edited by Zmeselo on 04 Dec 2019, 06:21, edited 1 time in total.

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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 06:10

Swedish journalist, who chronicled the History of Eritrean Armed Struggle through the Lenses of His Camera 📷 @ZYafet
Please wait, video is loading...
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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 06:18





Danakali shares jump following Africa Finance Corp investment

By Ishen Patel

https://ukinvestormagazine.co.uk/danaka ... nvestment/

03/12/2019

Shares of Danakali Ltd have jumped on Tuesday afternoon, following an announcement that the firm received an investment for its Potash Project.

Danakali Limited is focused on the development of the Colluli Potash Project (Colluli or the Project).

The Project is located in the Danakil Depression region of Eritrea, East Africa and is 100% owned by the Colluli Mining Share Company (CMSC).

Shares of Danakali jumped 1.97% to 36p. 3/12/19 13:49BST.

Danakali told shareholders that it had secured a AUD74 million equity investment https://www.proactiveinvestors.co.uk/co ... 08305.html from Africa Finance Corp.

The investment will be used to part fund the development of the Colluli Sulphate of Potash Project located in Eritrea, east Africa.

The Sydney and London-listed potash explorer said it has entered into a subscription agreement with Africa Finance for issuing new shares.

The share placement will occur in two phases, which follows a similar strategy to Bluejay Mining (LON: JAY), who plan to use the funds to develop operations in Greenland. https://ukinvestormagazine.co.uk/blueja ... cing-plan/

The first will consist of 53 million new Danakali shares at an issue price for AUD0.60 to per share, in order to raise AUD31.8 million.

The second tranche, which is subject to Danakali shareholder approval and execution of senior debt documentation, will consist of 70 million new shares at the same issue price to raise the remaining AUD42.0 million.

The AUD0.60 per share issue price represents a 6% discount to Danakali’s Monday’s closing price off AUD0.64 in Sydney.

Following the investment, Africa Finance will own a 32% stake in Danakali. The development finance provider will also be granted a right to nominate up to two directors to Danakali’s board.

Danakali Chief Executive Niels Wage said:
I am very pleased to have secured AFC as a strategic equity investment partner. Danakali has made good progress over the past 12 months having secured a large proportion of the development capex for Module I and demonstrated a sustainable approach to the future development of Colluli. We are excited to commence project execution activities and look forward to providing updates to our shareholders and other stakeholders.
This week has been busy for the minerals and mining sector. This morning, competitor and FTSE250 (INDEXFTSE: MCX) listed Centamin saw its shares in green https://ukinvestormagazine.co.uk/centam ... -approach/ after the board rejected a takeover attempt from Endeavour Mining.

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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 13:46

ፕረዚደንት ኢሳይያስ ኣፈወርቂ፡ ሎሚ 4 ታሕሳስ ኣብ መቐበሊ ኣጋይሽ ደንደን፡ ወረቐት ስራሕ 19 ኣምባሳደራት ሃገራት ኣፍሪቃ፡ ማ/ምብራቕ፡ ኤስያ፡ ኤውሮጳን ላቲን ኣመሪካን ተቐቢሉ። ጽባሕ ድማ፡ ናይ 10 ተወሰኽቲ ኣምባሳደራት ክቕበል’ዩ።





President Isaias Afwerki received today the credentials of resident Ambassadors of Ethiopia, Saudi Arabia, Germany, the United Kingdom, India, the European Union, Egypt & South Africa respectively. All in all 29 resident & non-resident Ambassadors are submitting their credentials.
(Yemane G. Meskel: @hawelti)
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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 13:52



THE STATE OF ERITREA BECOMES AFRICA FINANCE CORPORATION’S 24TH MEMBER STATE



Asmara, 18 November 2019

https://www.africafc.org/News-Events/Ne ... orpor.aspx

Africa Finance Corporation (AFC or “the Corporation”) is pleased to announce the accession of the State of Eritrea as its 24th member state. This decision was ratified by His Excellency, Isaias Afwerki, President of Eritrea, on 6 November 2019.

Eritrea has experienced stable growth; driven by increased investment in the mining and extractive sectors, with an expectation to deliver an average annual GDP growth rate of circa 4-5% between 2019 and 2024. The country’s economic growth strategy highlights a focus on scaling up infrastructure investments, specifically water and energy, to promote agricultural and industrial transformation. Additionally, the government is committed to improving the mining sector through a natural resource planning strategy.

AFC, in line with its mandate, has committed to provide financing to the Colluli Mining Share Company for the development and construction of the Colluli Potash Project in the Danakil Depression region of Eritrea. Successful execution of this project will make significant contributions to exports, employment, agricultural productivity, and overall social and economic development of the country.

AFC President and CEO, Samaila Zubairu, commented on the announcement:
It is my pleasure to welcome Eritrea as a member state of AFC. The government’s efforts at prioritising infrastructure investments bodes well for the country and we are committed to supporting Eritrea’s economic development programmes.

About AFC - www.africafc.org

AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1 billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet of approximately US$5.07 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. AFC successfully raised US$650 million in 2019, US$500 million in 2017 and US$750 million in 2015 through Eurobond issuances; out of its Board-approved US$3 Billion Global Medium-Term Note (MTN) Programme. All Eurobond issues were oversubscribed and attracted investors from Asia, Europe and the USA.

AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested over US$6.6 billion in projects within 30 countries across Africa.

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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 14:00

ERI-TV: 100 ዓመት ዝዕድመኦም: ናይ ዕድመ በዓል ጸጋ ኣቦ




Zmeselo
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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Zmeselo » 04 Dec 2019, 16:25




Positive encounter with Eritrea youth entrepreneurs at the NUEYS youth centres in Keren, partnering with #UNDPEritrea to enhance entrepreneurial skills - creating decent jobs. @UNDPAfrica
(James Wakiaga: @wakiaga)

Temt
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Re: Long-awaited Ethiopia v Eritrea clash delayed again.

Post by Temt » 04 Dec 2019, 21:44

ዑደት መንእሰያት ከተማ ደቀምሓረ ኣብ ዲጋታት ምስላምን (ገርገራ) ጠቐራን (ዓዲ ሃሎ)

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