Danakali banks on new investor mood t...

Danakali banks on new investor mood to fund Eritrean mine

Friday Sep 7 Read more: Reuters

Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched between Somalia and Venezuela at the bottom of the World Bank's rankings on ease of doing business, and buffeted by accusations of human rights abuses.

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