Ethiopia to Enter Joint Ventures to Install Mining Labs, Machinery

Mines Ministry LogoEthiopia's Ministry of Mining and Petroleum announced it will be entering joint venture agreements with various local and international companies to avail state-of-the-art mining laboratories and melting machinery.

Takele Uma, Minister of Mining and Petroleum, said setting up such laboratories and machinery is "a priority area" for the sector. This, he said, will have "paramount significance in supporting the progress of the homegrown economy."

The minister made the remark after visiting the Ethiopian Geological Survey Laboratory. Pointing out the laboratory "has not witnessed a remarkable progress" despite its long age, he said, “reinforcing competence of the institute with required workforce and latest technologies will help the country add values to mining export and save foreign currency.”

https://t.me/News2merkato


Source: FBC

 

Exchange Rates

Selling
Buying
USD 38.6303  37.8728 
EUR 45.8773  44.9777 
GBP 48.9924  48.0318 
CAD 26.7486  26.2241 
AED 9.5169  9.3303 
CHF 40.5316  39.7369