FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




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

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...