EY Says Ethiopia Will Be Sub-Saharan Africa’s 3rd Largest Economy by 2017
Ethiopia is projected to be the third largest economy in the Sub-Saharan Africa by 2017, says Ernst and Young’s (EY) study titled “Investing in Ethiopia”.
Ezana Mining to Launch Gold Project in Ethiopia
Ezana Mining Development is set to launch a large scale gold mining project in Tigray Regional State, Northern Ethiopia. The 
mining development company signed an agreement with the Ethiopian Ministry of Mines late last week.
The agreement signed between Sinkenesh Ejigu, Minister for Mines and Ataklit Araya, General Manager of the mining company will enable Ezana to launch large scale gold mining activities. It was noted at the time that Ezana has already been operating gold prospecting activities in the area with significant results.
The mining company plans to invest 393.7 million birr to implement its project with plans to mine 2017 kilograms of gold in the next two years. The project is expected to open employment opportunities for more than 106 people it was said.
Ezana To Set Up $17.8 million Gold Plant
Ezana Mining Development plc is to build a 17.8 million US dollar gold plant in Tigray Region of Ethiopia. The new mine is expected to contribute to increasing the national revenue from the export of minerals. The mining development awarded the turnkey contract for the project Manhattan Corporation.
The South African mining services provider will build a carbon-in-leach (CIL) gold plant in Northern Tigray. Ezana selected the contractor from four international companies who had responded to the tender it put out. According to the agreement signed between Ezana and the contractor its tasks will include design engineering, procurement, shipment, construction, installation, implementation and after-sales skills development.Facebook Marketplace Enters Ethiopia
Facebook has announced the rollout of Facebook Marketplace, a product on Facebook that offers a convenient destination where people can discover, buy and sell items from others in their local communities.
Factory Starts Exporting Textile Products
Earns $3 mln from export, plans cotton production on 30,000 ha
Else Addis Industrial Development P.L.C, a textile factory, announced that it had started exporting textile products to different countries around the world.
The first time the company exported its textile products was in March. It exported textile products to the United States, Russia, Ukraine and the Far East countries, Dilek Durular, project coordinator of the company, said.
