Saturday , February 24 2024

Ethiopia

Green Light for Gold: Kefi’s Ethiopian Project Poised for Launch

A glimmer of gold shines bright on the horizon for Kefi Gold and Copper, as the company’s flagship Tulu Kapi project in Ethiopia has secured the final nod from the lead lender’s credit committee. This crucial green light unlocks a $320 million financing package, paving the way for the development …

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IMF applauds Ethiopia’s monetary tightening

The International Monetary Fund (IMF) has applauded steps taken to bring down inflation and stabilize the economy in Ethiopia. The initiatives include significant fiscal and monetary tightening by authorities in Ethiopia. “This has put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to …

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Akobo to apply to trade on OTC Markets platform

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 …

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Newly listed Allied Gold board approves $500m Ethiopia project

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 …

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Akobo Minerals starts up operation in Ethiopia

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 …

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Africa needs to safeguard against cyber-attacks in mining and energy

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 …

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Africa Finance Corporation 40th member state, Ethiopia

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 …

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Ethiopia find partners for its off-grid electrification agenda

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 …

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Economists help government with strategies to stimulate economic growth

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 …

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Dafo amplifies its presence in Eastern Africa

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 …

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