Nyota Minerals buys 80 percent share in Ethiopia
Mining

Nyota Minerals buys 80 percent share in Ethiopia

Following approval received at shareholder meeting last week, Nyota Minerals Ltd. (NYO.AU) announced yesterday, June 14, 2010 that it acquires 80 percent interest in land package totaling over 4,500 km2 of highly prospective exploration site in Ethiopia.

Manufacturing

Italian company to introduce ‘Made as in Italy’ products in Ethiopia

Proras, Italian Engineering and Contracting company, which has been working in Ethiopia for the past nine years, invited Ethiopian Small and Micro Enterprises (SMEs) to follow Italian industrial development model and start manufacturing ‘Made as in Italy’ products locally.