Council of Ministers Approves Mining Concessions


Council of Ministers Approves Mining Concessions

The Council of Ministers approves concessions for seven mining companies, four of which are looking to get involved in gold. The Ministry of Mines & Petroleum proposed the companies be granted concessions following the completion of a feasibility study, prepared based on the companies' capital and their potential contribution to the country's economy. The companies, also seeking to mine for marble, bromine and chlorine, are expected to invest close to five billion dollars and create 1,300 job opportunities. The gold mining firms would work on exploration and extraction works in the Gambella, Benshangul-Gumuz, and Oromia regional states. Gold exports brought in close to 700 million dollars last year.


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UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


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Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


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