The amount of gold supplied annually from Southwest Ethiopia to the National Bank has plummeted from 800 kilograms to just 90 kilograms, according to G/Mariam Setegn, Director of the region’s Minerals and Energy Agency.
Gold prices soared past USD 4,000 per ounce for the first time on Wednesday, extending a record-breaking rally fueled by geopolitical tensions, expectations of U.S. interest rate cuts, and growing investor demand for safe-haven assets.
A business delegation from Golden Africa, led by Managing Director Fouad Hayel, has met and discussed with Fetlework Gebregziabher, Ethiopian Minister of Trade.
Tiret, an Ethiopian endowment fund is finalizing its new malt production plant in Gonder, Ethiopia. The factory is scheduled to go operational in June this year.
Gondar Malt Factory has been under construction for the past two years, on four hectares of land. The factory is expected to produce 16,200tns of malt a year, 12,000tns of which will be supplied to Dashen Brewery, one of the sister company in the endowment fund.The Google team announced the first g|ethiopia to be held in Addis Ababa on 7-8 February. 
The event is planned to engage business leader, entrepreneurs and community of developers interested in technology.
