Ethiopia

Scandinavian-based Ethiopian gold exploration and boutique mining company Akobo Minerals has announced plans to apply for trading on the OTC Markets platform in the US In addition, the company intends to secure a Nkr 30-million convertible loan and  believes there are several benefits of having an additional US-based quotation for …

Africa-focused Allied Gold, which on Monday listed on the TSX, has approved the expanded Kurmuk project, in Ethiopia, earmarking $500-million for a two-phase development plan. Kurmuk is now planned as a 240 000-oz/y gold mine with all-in sustaining costs (AISC) targeted below $950/oz, with a strategic mine life extending for …

Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and boutique mining company has started operations of its ultra-small plant and, with it, production of the company’s first gold. “However you look at it, production of our first gold is an important landmark for the company and is a real boost for …

Throughout 2022, 40% of industrial control system (ICS) computers globally were attacked with malware. In Africa, the figure sits at 47%, according to Kaspersky. The three countries which experienced the most attacks on ICS infrastructure were Ethiopia (62%), Algeria (59%), and Burundi (57%). They are followed by Rwanda (46%), Kenya …

Africa Finance Corporation, the continent’s leading infrastructure solutions provider, today announces Ethiopia as its 40th member state – a landmark achievement in the corporation’s journey toward ensuring a pragmatic and coordinated approach to infrastructure development and value addition on the continent. Accession by Africa’s second most populous nation, with 115 …

GET.transform collaborated with governments, companies, and industry experts to identify real-world examples of renewable energy solutions that are creating value for communities, boosting employment, and achieving national goals for this Case Study Series. The Ministry of Water, Irrigation, and Energy, its Directorate of Electrification, Regional Energy Bureaus, and the Ethiopian …

Economists have revealed that the government’s engagement to enhance the participation of the private sector in the mining sector will not only stimulate the industry but also create a conducive environment for rapid economic growth and improve livelihoods. The government’s move to engage local investors in the mining sector will …

Dafo Vehicle Fire Protection has started a partnership with Twakei Vehicle Fire Protection based in Nairobi, Kenya. Twakei is a specialist engineering company providing fire suppression services in Kenya, Tanzania, Ethiopia, Uganda, Sudan, Eritrea, Southern Sudan, Rwanda, Burundi, and Somalia. “We are very excited to join Dafo Vehicle’s family because …

Ethiopia’s mines ministry announced on Friday that it had cancelled 27 unused mining licenses and issued warnings to three companies to boost production. Ethiopia has now revoked 90 mining licenses, including 63 that it had already revoked in December. “Following a re-investigation, 27 mining companies that had been licensed to …

Strong gold prices are raising mining revenues in Ethiopia and drawing more competition from investors in a market largely dominated by artisans and smaller players. Coronavirus-linked border closures forced miners back into the formal sector’s arms; a welcome boost for the central bank of Ethiopia, which needed hard currency. Ethiopia …