Ethiopia has generated more than $2.1 billion in foreign exchange revenue from gold mining during the first nine months of the 2024/25 fiscal year, according to the Ministry of Mines.
The announcement was made during a high-level performance review meeting assessing the progress of various sectors over the past three quarters of the Ethiopian fiscal year 2017 E.C. The session brought together ministers, agency heads, and senior government officials.
According to the Ministry, 26 metric tons of gold was supplied to the National Bank of Ethiopia during the reporting period, contributing significantly to the country’s foreign currency reserves.
The review also highlighted the progress of key mining projects, noting that several cement, gold, and coal ventures have now reached completion and commenced production.
Prime Minister’s Advisor on Youth and Sports, Kejela Merdasa, praised the sector’s achievements, describing the performance as “excellent” and urging stakeholders to maintain the current momentum to support Ethiopia’s broader economic objectives.
Source: FMC
