A milk processing center was inaugurated in Oromia Regional State, Ethiopia. The processing center was constructed with the financial support of the Japanese government said a press release from the Japanese Embassy.
The Japanese Grant Assistance for Grassroots Human Security Projects provided 86,581 US dollars in funding for the project.
The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a significant milestone in the country’s green economic transformation.
The Ethiopian Mineral Development S.C. (EMD) has announced that its Coal Washing and Processing Factory has washed and sold 38,091 tons of coal since commencing operations earlier this year.
Ethiopian Minerals Development S.C requested a loan of 166 million birr from the Development Bank of Ethiopia. The loan will finance the company’s expansion project on the Kenticha tantalum mine.
The expansion project requires an investment of 166.8 million birr to increase the production of tantalum concentrate. The new production line will aim to bring production capacity to 300 tons increasing the company’s revenue to 587.3 million birr.
Artisan miners sold 109.5 million US dollars worth of gold to the National bank. The 2,064 Kg of gold sold by the miners was
52% more than the 1,357 kg the central bank expected to collect the first quarter.
Artisan miners increased production because of increases in the international market and the National Bank’s offer of 5% on the price, according to Tamrat Mojo, head of traditional mines, manufacturing & transactions department at the MoM.
