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Ethiopia Enters East Africa’s Race for Regional Gold Trade With $50 Million Refinery

  • October 16, 2026
  • Dagmawi Zeleke

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 regional gold refining center, according to Prime Minister Abiy Ahmed. The state holds a majority stake in the project through Ethiopian Investment Holdings.

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