Investment in Ethiopia’s mining sector has reached 16.2 billion Ethiopian birr, Walta Information Center reported.

The number of domestic and foreign investors engaged in the mining sector has also reached 137, Bacha Fuji, the Ministry’s public relations and communications director, told Walta Information Center.

In the last fiscal year, the Ministry has issued mining and exploration license to 7 companies, Bacha said.

The Ministry has earned 166.43 million birr revenue during the previous fiscal year, surpassing its target by 166 percent.

Source: Walta Informaion Center