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Ministry Reports Jump in Mining Revenues as Output, Exports Rise


Ministry Reports Jump in Mining Revenues as Output, Exports Rise

The Ministry of Mines (MoM) reported earnings of over 3.5 billion dollars from gold, gemstones, and industrial minerals over the past eight months. Several mining projects began operations during the current fiscal year, contributing to improved performance in both export trade and the production of import substitutes. Compared to the same period last year, export volume increased by 27pc, while revenue rose by 92pc. Authorities plan to support ongoing mega projects in the remaining months of the fiscal year to enable them to reach full operational capacity. Priority areas have been identified to sustain current performance and extend recent gains. Gold production and exports accounted for the bulk of the growth, driven by a notable increase in output. A recent review meeting outlined next steps towards maintaining momentum and bringing additional large-scale projects into operation.

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Addis Ababa Enterprises Tap 3.8b Br in Loans

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