Gambella Regional State supplied 973kg gold to the National Bank of Ethiopia (NBE) during the last nine moths, the regional mines agency said. The agency told Ethiopian News Agency that over USD 48 million was earned from sale of the  of gold.

The revenue exceeded by USD eight million the amount earned the previous year. The amount of gold supplied to the Bank during the reported period also surpassed by over 200kg that of the previous year. The agency said, activities carried out to strengthen the market system and also prevent illegal gold trade contributed to the growth in the income. The gold was supplied to the Bank by Dima, Abebo and Gambella Woredas of the State.

Over 95 per cent of the stated amount of gold was supplied by Dima Woreda. Efforts are underway to achieve the plan to supply 1500kg gold to the Bank during the current Ethiopian fiscal year, according to the agency.

Source: Ethiopian News Agency