Addis Abeba — Akobo Minerals has announced that it has hit a gold ore body underground at the Segele mine in Gambella region after 13 years of exploration. In a statement sent to Addis Standard the Scandinavian-based Ethiopian gold exploration and boutique mining said the achievement marks a significant milestone in the company’s history, making […]
Tag: Commodities
The Egyptian Mineral Resources Authority (EMRA) signed an agreement with Canadian Lotus Gold Corporation for exploration concessions on 525 square kilometres with $2.5 million in investments, according to a ministerial statement on Sunday. Lotus won two rounds of a gold exploration tender by the EMRA in 2020 and 2021 for exploration concessions in a total […]
Years have passed since Ethiopia began exerting maximum effort on wheat development with the initiation of its Prime Minister Abiy Ahmed (Ph.D). As a result of attention paid to the initiation, currently it could cultivate wheat not only in the main rainy season (June to August) but also in the summer season through irrigation. Indeed, […]
The Ghana Cocoa Board (COCOBOD) has refuted claims by the Minority in Parliament that its Chief Executive Officer (CEO) lied about cocoa forward sales. COCOBOD, in a statement, explained that it employed a diversified approach to cocoa sales, utilising forward, spot, and prepayment strategies based on market dynamics, funding, and collateral requirements. “The use of […]
Cape Town — A four-year agreement has been signed between the Mali military junta and Russia for a gold refinery in the Mali capital Bamako that will process 200 tonnes of gold annually, BBC reports. Mali is Africa’s third-largest exporter of gold. The commodity is also the country’s main export product by value and is a […]
The World Bank has approved a $60 million grant to avert acute shortages of critical and lifesaving commodities in Malawi. The grant will also enable commercial banks in Malawi to have access to an import backstopping facility through the International Development Association (IDA) approved by the World Bank’s Board of Executive Directors on Monday. A […]
Government says it is troubled by late payments of cotton farmers by contractors including the Cotton Company of Zimbabwe (COTTCO) which still owes textile growers over US$6.8m from last season. Responding to questions on government policy over late payments to cotton farmers in parliament recently, Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Anxious […]
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Ethiopia Takes Lead in Coffee Expertise
The launching of a coffee training program is instrumental to fill the knowledge gap and nurture specialized skills thereby positioning Ethiopia as a leader in the commodity’s expertise, the Ethiopian Coffee and Tea Authority (ECTA) said. Speaking to The Ethiopian Herald, ECTA Public Relations and Communication Director Sahlemariam Gebremedhn stated that the program not only […]
ADDIS ABABA-Addis Ababa Science and Technology University (AASTU) and the African Union Commission (AUC) devised the way out to leverage research and developments to strengthen the regional value chain for commodities. Speaking at the workshop held yesterday, AASTU Research and Technology Transfer Vice President Abraham Debebe (PhD) said the university is working with the AUC […]
ADDIS ABABA- Sidama State has been working to export over 33, 000 tons of coffee during this Ethiopian fiscal year (FY). Sidama State Agriculture Bureau Head Memiru Moke told the Ethiopian Press Agency (EPA) that the state has been working to cover some 10, 000 hectares of land with coffee seedlings, and has been working […]
BAT Zimbabwe, a listed cigarette manufacturer, says the continued investment in simplification of the business model will enable the company to deliver sustained growth and contribute to the socio-economic development of the country. Group chairman, Mr Lovemore Manatsa, said the company’s journey is premised on a transformational journey anchored on building a better tomorrow by […]
ADDIS ABABA – Ethiopia has planned to generate some 141 million USD from the export of move 38,000 tons of meat and meat products this Ethiopian fiscal year, Livestock Development Institute disclosed. The Institute Executive Director Asrat Tera(PhD) told the Ethiopian Press Agency(EPA) that the country is working hard to boost export earnings through increasing […]
NEW DELHI: The United Nations World Food Programme (WFP) facilitated a crucial learning visit for a high-level Nigerian delegation to India. India’s rice fortification journey inspired the delegation of government officials from ministries, health, food security and education departments, food regulatory bodies, and the private sector to advocate for mandatory integration of fortified rice in […]
The majority shareholder in the Sperrgebiet Diamond Mine (SDM), Harpal Randhawa, has died in a small plane crash in Zimbabwe. The company’s acting chief officer, Abraham Grobler, confirmed that Randhawa and his son died on 30 September. According to media reports from Zimbabwe, six other people onboard the Cessna 206 aircraft, owned by RioZim, also […]
The Ethiopian Coffee and Tea Authority disclosed that promotional and capacity building activities are well underway to improve quality coffee production and increase export revenue. Approached by the Ethiopian Press Agency (EPA), Authority Chief Executive Officer (CEO), Mohammed Shemsu stated that the nation has put emphasis on promotional activities in business-to-business and business-to-government conventions in […]
Ethiopian coffee association, coffee growers and trade societies should play a significant role to expand coffee export to Japan and other countries thereby becoming more competitive in the sector internationally, so stressed Ambassador Daba Debele. Coffee is the highest source of foreign currency earnings in the country. Thus, besides government institutions, the role of Ethiopian […]
ZANZIBAR: PRESIDENT Hussein Ali Mwinyi has expressed dismay over an increase of prices of essential commodities in Zanzibar, arguing that the hike has no justification because there are no changes in taxes. “The duty on sugar importation is the lowest, compared with many countries across the globe, but it is surprising that the price of […]
Exactly a month after the Reserve Bank of Zimbabwe (RBZ) announced intentions to localise tobacco financing in its mid-term monetary policy statement, the directive to operationalise that announcement has not been issued triggering anxious moments for farmers. And with planting of irrigated tobacco entering week two, farmers were expecting the actualisation of RBZ’s intentions to help […]