| Canadian Companies Showing More Interest in Ethiopia |  |
.jpg) July 28, 2012 - Canadian companies are showing keen interest in investing in the manufacturing and energy sectors, according to the Reporter. Canadian Ambassador to Ethiopia Michele Levesque on Monday Canadian companies are showing keen interest in investing in the manufacturing and energy sectors in Ethiopia.
Telahun Workeneh, trade commissioner with the Canadian Embassy in Addis Ababa, told The Reporter that a number of companies that are interested in the manufacturing sector are communicating with the embassy. Telahun declined to disclose the names of the companies. However, he said that they would soon start holding talks with the government of Ethiopia on the possibilities that they would invest in the manufacturing sector.
So far Canadian companies are active in mining and petroleum exploration. Africa Oil has been prospecting for oil in the Ogaden and South Omo Valley, while Allana Potash is working on a potash mine field in the Dallol depression. Allana Potash would start production in 2014.
Three Canadian companies have acquired exploration licenses for precious metals in west and north Ethiopia. The companies acquired concessions in Wollega zone, western Oromia, and in Tigrai Regional State. According to Telehaun, these companies are asking for more land.
A Canadian company called Aecom is engaged in supervision work on the construction of national power grid by the Ethiopian Electric Power Corporation. Telahun said Canadian companies are giving due attention to Africa. “Mining, energy and aviation are the three areas where Canadian companies have comparative advantage and more firms will work in these sectors in Africa,” Telahun concluded.
ezega.com
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