The Ministry of Mines is to confer with mining companies engaged in the exploration and production of minerals on the overall performance of the mining sector.
The FDRE House of People’s Representatives has ratified a new skin and hide trade proclamation that is believed would accelerate the old extended trade system and strengthen care given.
Traditional gold miners have supplied 2,541 kg of gold to the National Bank of Ethiopia (NBE) in the first four months of this fiscal year, the Ministry of Mines (MoM) said.
The Government has expressed disappointment with leather and leather product exporters, after the country’s foreign exchange earnings fell short of expectations and previous performances.
Chinese footwear maker Huajian Group plans to make Ethiopia the hub for the global footwear industry and create more than 100,000 jobs locally in the next 10 years.
The Metals and Engineering Corporation (MeTEC) and the National Welfare Fund Samruk-Kazayna of Kazakhstan are taking steps to establish a joint working group for studying investment opportunities and projects, The Reporter reported.
The Tendaho Sugar Factory will start first round production in the coming February, Sugar Production Team Leader of the project Engineer Tesfa Asefa said.
Saudi billionaire Mohammed al-Amoudi, the biggest private investor in Ethiopia, plans to build two more cement factories in the Horn of Africa nation amid an improving investment environment.
The Ministry of Mines (MoM) signed a petroleum production sharing agreement (PPSA) on November 16, 2013, with Chinese firm Poly GCL Petroleum Investment Ltd, for the Ogaden basin’s Calub & Hilala gas reserves, Fortune learnt.
