Ethiopia’s gold export earnings skyrocketing: Ministry

BY TAMERU REGASA

 ADDIS ABABA- Out of the total 340 million USD revenue that the mining sector has generated over the last six months, 335.5 million USD has been secured solely from gold export, Ministry of Mines and Petroleum announced.

The Ministry’s Communication Director Firehiwot Fekadu told The Ethiopian Herald that the stated total amount was obtained through exporting gold, tantalum, jewelry minerals, raw and processed opal.

As to her, the country obtained 335.5 million USD exclusively from the gold mining by  exporting 4,112 kilogram of gold in the stated period.

As compared with last year’s same period, this year’s exceeds by 320 million USD. She stressed that the launching of selling of gold through national bank of Ethiopia which enables to combat illegal selling of the gold is the main factor for the best performance.

Conducting fruitful monitoring and evaluation and supporting firms to help them employ state-of-the-art technology in all mining process are attributable to the sector’s success.

According to Firehiwot, the ministry has been working to enable firms to directly supply their product for market without the influence of illegal brokers. To this end, the ministry has been constructing three mining market centers. Besides, 48,785 jobs have already been created in the sector.

The Ethiopian Herald January 28/2021

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