Stella Trade and Industry PLC is granted large-scale gold mining license to mine in Gambella State, Ethiopia. This makes Stella the first company to extract gold in Gambella.
According to Ethiopia Extractive Industries Transparency Initiative (EEITI) publication, currently there are more than 80 companies exploring for gold in Ethiopia. Nonetheless, it is only 4 companies that have been granted extraction license.
Ethiopian Roads Authority (ERA) completed the study it conducted for the 220 Kilometers Modjo – Hawassa Expressway on the environmental and social impacts as well as Resettlement Action Plan.
Ethiopia’s Sugar Corporation disclosed it has canceled the construction of 2 sugar factories out of the intended 10. The projects that will be affected by the change of plans are Kuraz and Beles projects.
Ethiopian Sugar Corporation is currently considering to join hands with investors from Ethiopia and abroad to build as well as manage sugar factories.
Ethiopian Sugar Corporation and Ursus, Polish Company inked a deal worth USD 30.6 for deliveries of tractors, trailers and spare parts which will serve for sugar cane transportation, The Daily Monitor reported.
