The Government is working to increase national gold reserves for economic stability
The Government is actively working to enhance the national gold reserves by expanding gold production factories in different regions of Ethiopia.
Prime Minister Abiy Ahmed (PhD) has visited the Midroc Gold Company in Guji zone of Oromia today on November 30/2017, which is recognized as a pioneer in the gold mining sector and has significantly contributed to Ethiopia’s mining industry.
In the last three decades the development of Ethiopia’s gold resources has faced numerous challenges, resulting in substantial gold production being lost to looting networks, which have provided income for illegal trade activities.
In response, the government has intensified its efforts to bolster the country’s gold reserves. This includes the ongoing expansion of gold production factories in Oromia, Gambella, and Benishangul Gumuz regions, aimed at achieving large-scale gold production.
The government’s strategic focus on the gold sector has led to a remarkable shift, with gold reserves now surpassing coffee as Ethiopia’s largest export sector in the first quarter. This transition underscores the government’s commitment to leveraging the mining sector for sustainable economic growth.
