Oromia Regional State’s Mineral Development Authority generated USD 324 million from mineral mining during the 2021/2022 fiscal year. The Regional State sold a total of 4,316 kilograms of gold and 461,000 tons of coal during the same period. In addition, it supplied 22 million tons of gypsum stone to construction companies situated in Addis Ababa.
Oromia Regional State has generated over USD 163.74 million in revenue from mineral exports within the last seven months. This export figure comes alongside domestic earnings which reached Birr 1.036 billion.
Oromia Regional State identified five towns – Chiro, Yabelo, Sendafa, Ambo, and Tefki, to build industry zones. Chiro and Yabelo are chosen for their proximity to Ethio-Djibouti railway and the Kenyan port, respectively, while Sendafa, Ambo, and Tefki are selected considering their proximity to Bole International Airport.
Oromia Insurance Company SC (OIC) disclosed it had paid a total of 380,000 Birr as compensation for farmers. The claims by the farmers were made following the drought Ethiopia experienced last year as a consequence of El Nino phenomenon.
Oromia Insurance Company (OIC) has announced strong financial results for the fiscal year ending June 30, 2024. Despite the challenges posed by a volatile economic environment, OIC reported a 28% increase in gross written premiums, reaching Birr 2.15 billion.
