The Ministry of Mines revealed that Ethiopia received USD 560 million from gold during the 2021/2022 fiscal year.

The Ministry stated that four districts in the Agnwak and Meghenger Zones of Gambella Regional State were being developed for the extraction of gold. Gambella, Benishangul Gumuz, Oromia, and South West Ethiopia are known for their gold resources. Gambella Regional State’s Akobo narrow greenstone sub-belt is labeled a high potential target for gold exploration by the Ministry of Mines.

Gold mining in Ethiopia is believed to be 3,500 years old even though mineral exploration began in the country in the late 1890’s by foreign companies.

Source: Fana BC and Ministry of Mines