MIDROC Gold Receives Safety Nod

Jul 7 , 2024


[ssba-buttons]

MIDROC Gold, the largest industrial gold miner in Ethiopia, received certification from the Ethiopian Conformity Assessment Enterprise for its environmental protection and occupational safety standards. The certification ceremony took place last week at the Sheraton Addis Hotel on Taitu St. Jemal Ahmed, CEO of MIDROC Investment Group, the conglomerate that owns the mining cluster, stated that the recognition would dispel longstanding rumours about safety protocols at its Legedembi and Sakaro extraction sites. These sites include both open and underground pits. The Legedembi open pit site, located nearly 500Km south of Addis Abeba in Oromia Regional State, temporarily suspended operations in 2018 following protests over pollution and health impacts. Despite this, the CEO said the company has adhered to safety standards since it began operations nearly three decades ago after acquiring the rights through privatization in 1997. Earlier this year, MIDROC Gold became a signatory of the International Cyanide Management Institute (ICMI), committing to standards of practice and verification audits conducted by independent third-party auditors within three years of initial application and every three years thereafter. Ethiopia's gold production has been challenged by the rise in contraband and artisanal mining, with MIDROC Gold being the only operational industrial mining company, contributing significantly to the country's gold exports.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...