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Gov’t reconsiders Yayu Fertilizer JV

A year after the government distanced the scandal-hit Metal and Engineering Corporation (MetEC) from the delayed construction of Yayu Fertilizer, three overseas companies have shown interest to resume the construction of the factory and commence with the production of fertilizer on a Joint Venture (JV) scheme.

Morocco’s fertilizer giant to take over Yayu fertilizer complex

The Government of Ethiopia has taken the decision on the much-delayed Yayu Fertilizer Project, pinching it away from the maligned state-owned military-industrial conglomerate, the Metals ans Engineering Corporation (MetEC), and awarding it to the Moroccan fertilizer and phosphate maker, OCP.