Allana Potash Corp.(TSX:AAA) paid tribute to the many achievements of Ethiopian Prime Minister Meles Zenawi in the wake of his death.
As quoted in the press release:
Prime Minister Meles Zenawi came to power in 1991 after the ouster of the communist regime under Mengistu Haile Mariam and became a prominent African leader after strengthening economic growth in Ethiopia. Under his leadership millions of Ethiopians escaped poverty through extensive government investment in infrastructure, education and modernizing the legal system to encourage foreign investment in the country.
Allana Potash, President and CEO, Farhad Abasov, commented:
Allana’s board and management are saddened at the news of the passing of Prime Minister Meles Zenawi. The Prime Minister, in addition to his many achievements battling poverty and his economic successes, oversaw the transition of Ethiopia to a mining friendly jurisdiction with a modern mining law and strong support for foreign investment. Ethiopia remains one of the most stable countries in Africa and a seamless transition to a new leader of the Ethiopian Peoples’ Revolutionary Democratic Front and Prime Minister is anticipated.