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 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 […]
EIH Advances $55 Million Hilton Expansion to add to Addis Ababa’s COP32 Hospitality Capacity
As Addis Ababa prepares to host tens of thousands of delegates for the 2027 United Nations Climate Change Conference (COP32), the state is mobilizing capital to rapidly scale its diplomatic lodging infrastructure. Ethiopian Investment Holdings (EIH) is injecting approximately $55 million into a new 150-key Hilton Garden Inn and wellness facility, strategically co-located directly inside the existing Hilton […]
EIH unveils $55 million Hilton Garden Inn development
The Ethiopian Investment Holdings (EIH) has unveiled a major project designed to elevate the country’s hospitality investment strategy. A new 150-room Hilton Garden Inn hotel and a modern wellness facility will be built within the existing Hilton Addis Ababa compound in the heart of the capital, Africans and Diaspora. Estimated at approximately $55 million, the […]
EIH Plans $55 Mln Hilton Garden Inn Expansion Ahead of COP32
Ethiopian Investment Holdings is moving ahead with a roughly 55 million US dollars expansion of its hospitality portfolio, developing a 150-key Hilton Garden Inn and wellness facility within the existing Hilton Addis Ababa compound. The project is designed to add hotel capacity without developing a separate site, using existing assets around the state-owned Hilton property. […]