Ethiopia has commissioned its first gold refinery, Prime Minister Abiy Ahmed said, launching a $50m joint venture intended to establish the country as a regional precious metals processing centre. Government data show gold exports are a key source of foreign exchange, generating $5.6bn last year. Abiy said the new refinery will process both domestically produced gold and material from other countries. "This will allow neighboring countries and regional mining companies to send gold to Ethiopia f

2026-10-12

Ethiopia has commissioned its first gold refinery, Prime Minister Abiy Ahmed said, launching a $50m joint venture intended to establish the country as a regional precious metals processing centre. Government data show gold exports are a key source of foreign exchange, generating $5.6bn last year. Abiy said the new refinery will process both domestically produced gold and material from other countries. "This will allow neighboring countries and regional mining companies to send gold to Ethiopia for advanced refining, certification, value-added processing and sale, without having to export gold outside the African continent," he said on social media.

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