Senior officials at Ethiopia’s Ministry of Mines and Petroleum say the government is set to rescind an agreement with a US-based self-described energy firm after an investigation by Quartz Africa revealed the company had no petroleum industry expertise or technical credentials. “We are in the process of canceling our agreement with the company,” says Dr. Koang Tutlam, Ethiopia’s state minister for Petroleum and Natural Gas, in a statement sent to Quartz Africa. GreenComm Technologies, a Virginia-based firm run by an Ethiopian-American former car dealership employee, Nebiyu Getachew, was poised to oversee the construction of a $3.6 billion oil refinery in Ethiopia’s Somali region, after entering into an agreement with the Ethiopian government on April 28.
SOURCE: QUARTZ AFRICA
More Stories
Up-to-date and Easily Reachable through Open-access Publication Information on Africa’s Trade
The Mobile Market in Sub-Saharan Africa is on the Brink of a Significant Transformation
The Future of EVs in Africa’s Most Populous and Largest Economy
It is Clear from the Data that African Tech Remains a Male-dominated Landscape
The Artisanal and Small-scale Gold Mining sector in Ghana is Complicated
French Banking Group Takes a Step Back in some African Markets
Talks from the Sidelines of the Africa CEO Forum
Yaounde and Brazzaville on Track to Ease Movement of Goods
One of Mozambique’s Poorest Regions, but it is Rich in Untapped Mineral Resources
How Moroccan Farmers are Going Green
Kagame Shakes Up his Cabinet
Trauma Experienced by Staff at Nairobi Facebook Hub recognised in Legal Ruling