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Ethiopia

imported 2024-03-17 17:43:08

Natural resources of Ethiopia are untouched and unexplored, says the Minister of Mines of Ethiopia

“The resources in Ethiopia are untouched and unexplored because previously we didn鈥檛 have the right skills or technology to explore and identify our resources. Now with the regime change and the change in policy we have amended our Mining Act and we are inviting investors from all corners of the world,” says H.E. Tolesa Shagi, the Minister of Mines of Ethiopia.

Banking sector in Ethiopia 鈥� 2014 overview by Oromia International Bank

“We only have 19 banks in total and the aggregate branch size of these 19 banks is about 1,700. This number of banks has only been achieved in the last four years and before that there were only about 600 branches. It is in a fast-growing stage and I鈥檓 sure the future will also be good because the market is still untapped,” notes Abie Sano Mehamed, the president of Oromia International Bank.

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