Post #205

🇪🇹From Cans to Spacecrafts In cooperation with Russia Ethiopia may unlock a batch of brand new industrial sectors 🌐Ethiopia has signed a $1 billion deal with a Russian company Rusal to build a massive aluminium plant that would finally bring to life local metal production. 🔸 The plans outline capacity of 500,000 tonnes a year, with the first phase estimated at about $1 billion and a construction period of 3-4 years. ⏩Having pushed Moscow out of its usual markets, Western countries turned Russian industrial groups into builders of processing capacity in new places, where the demand for metals is growing faster, including East Africa. 🔸Until now Ethiopia had no large aluminium smelter. Local initiatives focused on much smaller projects, meant mainly to replace imported metal in construction. 🔸 A 500,000 tonne plant would move Ethiopia into the league of established African aluminium producers like Ghana Mozambique. For Ethiopia this turns Moscow into a partner that is ready to bring industry in addition to simple trade. Russian companies that accept the risk are trying to posiyion themselves as reliable partners for those who aim to process more of resources at home. Devils Below