The Canadian mining company, Montero Mining and Exploration Ltd, joined hands with the Ethiopian company, Hulager General Import and Export plc, for the extraction of granite from a project entirely owned by the latter at the Moyale Graphite Project.
Tigray Resources Inc., a Canadian mining firm working in Ethiopia has announced that it has found gold and copper in the Tigray State, according to The Reporter. The company said it found the minerals on its second phase drilling and after it completed a 1117 meters drilling.
Delegation team of Canadian business tycoons led by Senator Don Meredith is discussing with business persons from Ethiopia concerning business and investment opportunities and possible partnership.
The Ethiopian Capital Market Authority has officially announced the licensing of three new capital market service providers, expanding the number of licensed firms from eight to eleven.
During a stakeholders’ consultation that was organized by the Addis Ababa Chamber of Commerce and Sectoral Associations, Ethiopian Capital Market Authority, and Ethiopian Securities Exchange under the theme “Ethiopia’s Capital Market”, it was announced that works were underway to license capital market service providers within six months.
