The African Development Bank (AfDB) has granted a loan of Euro 26.1 million to construct an underground power transmission line as part of the Ethiopia-Kenya electricity highway. The project aims to boost power supply to Kenya's Laikipia Airbase and surrounding areas.
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The Ministry of Mines has announced its intention to provide specialized support and monitoring to gold producing companies. During a meeting between the Minister of Mines, Habtamu Tegegn, and representatives of gold producing companies to discuss the production plan for the 2023/2024 fiscal year, Habtamu Tegegn affirmed that the companies would receive necessary support and monitoring to improve their products and increase their income.
Mines Resource Development Bureau of the Amhara Regional State identified over 19,174 square kilometers of land for mineral development. According to the deputy head of the office, Mr. Tamrat Demse, a regional map has been prepared, which includes areas for mineral development in the region, containing industrial, construction, iron, and steel-related minerals.
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Oromia Mineral Development Authority called investors and associations that are engaged in the mining industry across Oromia to re-register their business between May 17 and 20, 2023. The Authority stated that smuggling and widespread illegal activities in the mining industry had become bottlenecks for the proper management of the industry in the region.
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Ethiopian Electric Utility is working to resolve power outages nationwide. It has allocated a budget of Birr 26 billion to address the problem.
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