Ethiopia Launches $50 Million Mega-Refinery at Bole Lemi to Rewrite Regional Precious Metals Trade
Prime Minister Abiy Ahmed officially inaugurated the National Precious Metals Refinery today at the Bole Lemi Special Economic Zone. Established through a strategic partnership between Ethiopian Investment Holdings (EIH) and Sam Precious Metals, the $50 million-plus facility fundamentally alters the logistics of the East African trade in raw gold and silver. With a capacity to […]
Ethiopia Enters East Africa’s Race for Regional Gold Trade With $50 Million Refinery
Ethiopia has entered the competition to capture a larger share of East Africa’s gold trade with the opening of its first refinery, a $50 million project designed to process both domestic gold and supplies from neighboring countries. Inaugurated on Saturday, October 10, the facility is part of a government-backed strategy to establish Ethiopia as a […]
Jaishankar meets Ethiopian Investments Holdings CEO, discusses deeper investment ties
External Affairs Minister Jaishankar on Sunday said he discussed ways to deepen investment partnerships between India and Ethiopia during a meeting with Brook Taye, CEO of Ethiopian Investment Holdings, in Addis Ababa on Saturday (Local time) Read More
Addis Ababa: Jaishankar Meets Ethiopian Investments Holdings CEO
Addis Ababa: External Affairs Minister S. Jaishankar meets Brook Taye, Chief Executive Officer of Ethiopian Investment Holdings, in Addis Ababa, Ethiopia, on Saturday, October 10, 2026. Read More
Ethiopia opens 600-tonne precious metals refinery as it targets Africa’s gold-processing business
Ethiopia has opened a refinery capable of processing more than 600 tonnes of precious metals annually, seeking to attract African gold producers and retain more of the value of its mineral resources at home. Read more
Precious Metal Refinery Inaugurated as Gold Solidifies Its Position as a Key Export Earner
Ethiopia has inaugurated its first precious metal refinery at the Bole Lemi Special Economic Zone, on the outskirts of Addis Abeba. The inauguration was attended by Prime Minister Abiy Ahmed (PhD) and Deputy Prime Minister Temesgen Tiruneh. Abiy said the government aims to reduce raw material exports and reliance on imported finished products by expanding […]
Ethiopia Opens Precious Metals Refinery With 600-Tonne Capacity
ADDIS ABABA, Ethiopia- Ethiopia has launched a precious metals refinery at Bole Lemi Special Economic Zone, with Prime Minister Abiy Ahmed saying the facility can process more than 600 tonnes of metals annually. The refinery was established through a partnership between Ethiopian Investment Holdings (EIH), the government’s investment arm, and Sam Precious Metals, a Dubai-headquartered […]
Ethiopia Opens Gold Refinery to Process More Gold Locally
Ethiopia inaugurated a precious metals refinery at the Bole Lemi Special Economic Zone on October 10, seeking to expand domestic mineral processing and retain more value from a gold sector that generated a reported $5.5 billion in export earnings in the 2025/26 fiscal year. Prime Minister Abiy Ahmed announced the inauguration, saying the facility was established […]
Ethiopia launches precious metals refinery with capacity to process over 600 tonnes annually
Ethiopia has launched a National Precious Metals Refinery at the Bole Lemi Special Economic Zone, in a push to process more of its mineral resources within the country instead of relying mainly on extraction and exports. Prime Minister Abiy Ahmed announced the launch, saying the facility would help strengthen the country’s mining sector, increase export […]