Wednesday , July 15 2026

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IFC to Lend $80 Million to MIDROC Ethiopia’s Hotel Development

The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the development of a …

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Trinity supplying US with rare earths, sees potential in US-Rwanda partnership

Rwanda-based mining company Trinity Metals says exports from its Nyakabingo tungsten mine now account for up to 20% of primary tungsten concentrate consumption in the US. Since the commercial agreement that Global Tungsten & Powders (GTP) signed with Trinity’s offtake partner, New York-headquartered Traxys in August 2025, more than 320 …

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MITHRA Metals advances strategic nickel laterite initiative in Ethiopia

MITHRA Metals Holding, a private investment firm headquartered in Abu Dhabi Global Market, has announced the advancement of a strategic nickel laterite initiative in Southern Ethiopia, expanding its critical minerals portfolio across Africa and Middle East. The initiative is being advanced through a majority-controlled Ethiopian subsidiary holding exploration licences issued …

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