PM Dr. Abiy Inaugurates Ethno Mining Gold Factory

Date:

Share post:

Prime Minister Abiy Ahmed (Dr.) today inaugurated the Ethno Mining Gold Factory, constructed in the Gambella Regional State.

In a post on his social media page, the Prime Minister highlighted that Ethno Mining serves as the parent company of Akobo Minerals.

He further noted that the company is collaborating with the Ethiopian government through the Scandinavian-based Ethiopian Investment Holdings on gold exploration and mining projects.

The Prime Minister congratulated all stakeholders involved in this significant investment initiative in Akobo Woreda, Gambella Regional State.

He reflected on the past three decades, during which Dima town in Akobo struggled with inefficient small-scale traditional gold mining practices.

Dr. Abiy emphasized that this new investment will not only enable efficient and high-quality gold production in a short time but also address challenges associated with illegal mining activities.

Additionally, he explained that this initiative showcases the commitment to harness the region’s potential resources for the benefit of its people and to promote sustainable development in the Gambella Regional State.

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

Stanbic’s Ethiopia Ambition Signals a New Phase in Africa’s Banking Race

Ethiopia’s Banking Liberalization Faces Its First Major Test Ethiopia’s gradual opening of its banking sector is beginning to attract...

IFC Approves $80M Loan to Upgrade Sheraton Addis and Build New Luxury Hotel

ADDIS ABABA — The International Finance Corporation (IFC) has officially finalized an $80 million long-term loan to MIDROC...

Ride-Hailing Giant Yango Expands to Hawassa, Launching First Ethiopian Operation Outside Addis Ababa

HAWASSA, ETHIOPIA — Yango, the international tech company and prominent ride-hailing service provider, has officially launched its operations...

Ethiopia Allows Foreign Investors, Embassies to Import Own Fuel Under ‘Franco-Valuta’

The National Bank of Ethiopia (NBE) has issued a new directive permitting foreign direct investors, embassies, and international...