Ethiopia’s Prime Minister Abiy Ahmed announced that Ethiopia’s economy is projected to grow by 9.2 percent for the 2011 Ethiopian fiscal year, 2018/19 G.C. The growth rate has shown a rise of 1.5 percent compared to last year.
Ethiopia has announced that it has denied the news on government’s plan to raise its Eurobond to USD 2 billion through a 10-year Eurobond by the end of 2015, The Daily Monitor reported.
Ethiopia has formulated a logistics master plan to enhance and strengthen its logistics system. A validation workshop for the first phase of the plan took place, where the State Minister of Transport and Logistics, Denge Boru, emphasized the importance of regular review and improvement of the logistics sector.
The Ministry of Mines revealed that Ethiopia received USD 560 million from gold during the 2021/2022 fiscal year.
The Ministry stated that four districts in the Agnwak and Meghenger Zones of Gambella Regional State were being developed for the extraction of gold. Gambella, Benishangul Gumuz, Oromia, and South West Ethiopia are known for their gold resources. Gambella Regional State’s Akobo narrow greenstone sub-belt is labeled a high potential target for gold exploration by the Ministry of Mines.
Gold mining in Ethiopia is believed to be 3,500 years old even though mineral exploration began in the country in the late 1890’s by foreign companies.
Source: Fana BC and Ministry of Mines
Ethiopia’s Industrial Parks Development Corporation said the nation has obtained over $152.76 million from exports of industrial park products in nine months.
