Mining Other
Ethiopia’s Mining Sector Foreign Exchange Earnings Near $5.6 Billion Amid Rapid Growth
Ethiopia’s Minister of Mines, Engineer Habtamu Tegegn, announced that the country’s mining sector has experienced rapid and continuous growth over recent years, emerging as a vital contributor to the national economy.
Speaking at a performance evaluation forum reviewing the concluded fiscal year’s performance and outlining plans for the upcoming year, Engineer Habtamu highlighted that the mining sector now stands as one of Ethiopia’s five fundamental economic pillars.
The minister disclosed that the sector generated nearly $5.6 billion in foreign exchange revenue during the concluded fiscal year, driven by accelerating production and sector-wide expansion.
The performance evaluation session was attended by senior leadership, officials, and key personnel from the Ministry of Mines and its accountable affiliate institutions.
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