Ethiopia’s gold mining industry presents substantial investment opportunities – Premier

Addis Ababa, December 10, 2024 (FMC) – Ethiopia is one of the fastest-growing economies in Africa and a beacon of opportunity on the continent, Prime Minister Abiy Ahmed said after visiting gold mining plants in Shakiso area of Oromia region.

Among the country’s many thriving sectors, the gold mining industry stands out as a significant driver of growth, presenting immense potential for both local and international investment, PM Abiy noted on his social media page this morning.

His social media post accompanied with multiple pictures showing the Prime Minister, together with senior officials, attended the inauguration of YMG Gold Mining around Shakiso town on December 9.

“The Shakiso and broader Guji regions, rich in gold deposits, are prime locations for mining activities. A notable recent development is the inauguration of YMG Gold Mining, which brings promising opportunities for the local community in Shakiso,” Abiy underscored.

The premier also praised YMG Gold Mining’s innovative and environmentally friendly operations, stating; “Employing advanced mining technology that operates entirely on gravity, YMG’s processes are both innovative and environmentally friendly, as they avoid the use of harmful chemicals.”

During his recent visit to Guji, Abiy also noted that he had the opportunity to observe the activities of MIDROC Gold, one of Ethiopia’s leading gold mining companies. “As a pioneer in the sector, MIDROC Gold has significantly contributed to Ethiopia’s mining landscape through its large-scale operations.”