12 °c
London
Friday, July 1, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Business

Australia investors eye Ethiopia green energy and ammonia

FurtherAfrica by FurtherAfrica
June 8, 2022
in Africa, Business, Ethiopia
Reading Time: 2 mins read
860 9
0
Foreign banks in Ethiopia: The thin line in between strategy and law
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The Ministry of Finance said Australia’s Fortescue Future Industries (FFI) has agreed to invest green hydrogen energy and ammonia production in Ethiopia.

The FFI team, led by CEO Julie Shuttleworth, is currently visiting Ethiopia to advance its collaboration with the Government in the energy sector.

After a meeting with government officials including Finance Minister Ahmed Shide, the visiting FFI team has reached an agreement to engage in production of green zero carbon green hydrogen and ammonia, officials said.

Also read: Ethiopia expands smoke-free zones

The agreement is an outcome of several discussions held with the Australian company since 2020, said Finance Minister Ahmed while announcing the agreement along with FFI’s CEO Shuttleworth at Sheraton Addis.

This will put Fortescue Future Industries on truck to become the first investor to produce zero carbon green hydrogen in Ethiopia.

“Thanks to Minister of Finance, Ahmed Shide, for supporting this important energy transition initiative,” said the Australian embassy in Addis Ababa.

Prior to announcement of the agreement, the CEO of Australian company and her team also discussed the FFI’s investment plan with Lelise Neme, head of Ethiopian Investment Commission (EIC).

FFI is planning to construct its facility in Ethiopia to produces zero-carbon green hydrogen energy, said Commission.

Also read: Coca-Cola inaugurates US$100m factory in Ethiopia

Shuttleworth appreciated the convenience of Ethiopia for such a high-tech facility, confirmed to produce 10GW of power investing millions of USD and creating thousands of jobs in the country.

The EIC officials also assured their support and commitment to the success of the project and affirmed their continuous follow-up.

Related

Source: Ethiopian Monitor
Tags: ammoniaAustraliaAustralia investors eye Ethiopia green energy and ammoniaAustralia’s Fortescue Future IndustriesBusinessEICEthiopiaEthiopian Investment CommissionFFIgreen energygreen hydrogen energyJulie Shuttleworthproduce zero carbonSheraton Addisэфиопияأثيوبياエチオピア埃塞俄比亚
ScanSendShare348Tweet217Share61Pin78Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Agriculture

African youth consider agriculture unattractive – Experts

by The Exchange
July 1, 2022
Development

AfDB’s approves landmark African pharmaceutical tech foundation

by FurtherAfrica
July 1, 2022
Economy

Mozambique to grant subsidise public transport passengers

by Club of Mozambique
July 1, 2022
Government

ECOWAS sensitises members on new infrastructure masterplan

by Elizabeth Khumalo
July 1, 2022
Energy

Niger Algeria and Nigeria reach milestone for Trans-Saharan Gas Pipeline

by Emmanuel Chilamphuma
July 1, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Agriculture

African youth consider agriculture unattractive – Experts

by The Exchange
July 1, 2022
0

Young people in Sub-Saharan Africa often view agriculture as inefficient and uninteresting Industry experts now say that the lack of...

Read more

AfDB’s approves landmark African pharmaceutical tech foundation

July 1, 2022

Mozambique to grant subsidise public transport passengers

July 1, 2022

ECOWAS sensitises members on new infrastructure masterplan

July 1, 2022

Niger Algeria and Nigeria reach milestone for Trans-Saharan Gas Pipeline

July 1, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,547 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?