Ethiopia is the Mining Speculation Goal

Posted on : Thursday, 3rd September 2020

Ethiopia's practically untapped, rich and massive mineral resources offer tremendous potential for exploration and growth. These include, but are not limited to, tantalum, potash, gemstone, gold, iron ore and other mining, energy and construction minerals.  

 

This incredible ability combined with the reform of government policies and legislation means that Ethiopia is now very much on the radar screen of foreign mining investors.

 

In the last ten years, Ethiopia has seen a remarkable rise. Growing at an average pace of 10.2%, the nation is consistently one of Africa's best-performing economies. The country's Development and Transformation Plan II aims at an annual average real GDP growth rate of 11%.  

 

The Ethiopian industry is expected to expand at an average annual rate of 20 percent, with an estimated growth of 21,9 percent in the manufacturing sector; 31,6 percent in electricity, gas and water; 15,4 percent in construction; and 32,8 percent in the mining sector.

 

Ethiopia encompasses a mining history that goes back more than a thousand years, In spite of this long history, commercial mining is still in its early stages, advertising sufficient openings for those wishing to contribute in its mining industry.