Ethiopia

Rising global gold prices, which have surged more than 50% this year, have ignited a significant illicit mining operation at two fully permitted gold properties owned by Vancouver-based East Africa Metals (EAM) in Ethiopia’s politically volatile Tigray region, according to a report by The Globe and Mail and the Bureau …

The Zanzibar Utilities Regulatory Authority (ZURA) announced on Saturday, November 8, 2025, that prices for most petroleum products have been adjusted upwards. The increase is a direct response to rising global import costs, according to a statement issued by ZURA Director General Omar Ali Yussuf. The key changes see the …

Russia’s state-owned nuclear corporation, Rosatom, is moving forward with plans to construct a nuclear power plant in Ethiopia, signaling a major expansion of Moscow’s energy footprint in East Africa. The commitment was formalized during a recent nuclear power forum, where an action plan for the facility’s development and construction was …

Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a procedural matter that had to be addressed by one syndicate party, which has now been resolved. Kefi says …

Scandinavia-based but Ethiopia-focused gold producer Akobo Minerals’ total doré gold production for the third quarter reached about 21.5 kg, while the company achieved its first positive earnings before interest, taxes, depreciation and amortisation. Doré gold production for September was about 6.5 kg, exceeding the monthly target of 5 kg. Cumulative …

Scandinavian gold producer Akobo Minerals is accelerating development at its Segele mine in Ethiopia, reporting significant progress and signaling an imminent shift to positive cash flow. For the second quarter of the year, the company posted revenues of SKr9.6-million, and it anticipates this figure to increase in the third quarter, …

Ethiopian miner Akobo Minerals’ board of directors has decided to convert the company’s previously announced convertible loans of NOK 25.5 million and NOK 11 million in accordance with the terms of the loan agreements. According to the company, the conversion will result in the issuance of 26,383,292 new shares in the …

Addis Ababa, Ethiopia – Ethiopia has officially inaugurated the Grand Ethiopian Renaissance Dam (GERD), a $5 billion hydroelectric project on the Blue Nile that is expected to double the country’s power generation capacity. The dam’s completion, however, has reignited long-standing diplomatic disputes with downstream nations, Egypt and Sudan. Prime Minister …

Pan-African telecommunications and network services provider, Paratus Group, has completed its expansion programme into East Africa. This expansion forms part of the Group’s ongoing efforts to connect communities and businesses across sub-Equatorial Africa with reliable digital infrastructure. Across East Africa, Paratus is providing reliable digital services to meet the needs …

Finland has emerged as the world’s most attractive jurisdiction for mining investment, reclaiming the top spot in the Fraser Institute’s 2025 Annual Survey of Mining Companies. The Nordic nation’s ascent from 16th place last year signals a shift in global investor confidence toward stable, well-governed jurisdictions. The Fraser Institute’s report, …