Petroleum and Energy Authority announced a major shift in fuel trading, opening it up to all banks in the country. This move comes in response to customer and bank complaints regarding limited payment options.
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Ministry of Mines announced the awarding of mining licenses to four companies. The signing ceremony was attended by Minister of Mines Habtamu Tegegn and company executives.
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The Ethiopian Ministry of Mines has announced the discovery of gold deposits exceeding 517 tons across several regions, including Benishangul-Gumuz, Gambella, Oromia, and Tigray. This discovery is the culmination of extensive geological surveys conducted over the past 15 years, according to Mines State Minister Million Mathewos.
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The Ethiopian Electric Utility (EEU) is making significant strides in expanding electricity access and modernizing its services. As of the 2023/2024 fiscal year, the number of EEU customers has reached 4,615,787, reflecting a net gain of 257,188 new customers connected in just eight months.
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Ethiopia's ambitions to become a major electricity exporter in Africa are gaining momentum. The Ethiopian Electric Power (EEP) announced plans to expand its reach, with Tanzania becoming the next recipient and South Africa targeted within the next five years.
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