Ethiopia has vowed to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which will help drive its industrialisation.
The country, which has a mostly artisanal mining industry, wants to woo foreign mining companies to kick-start development of its vast mineral resources, a key part of its efforts to plug a large trade deficit and generate foreign exchange.
Ethiopian Prime Minister, Abiy Ahmed is shaking up several sectors in a liberalisation drive aimed at transforming Ethiopia into a middle-income country.
The country’s aims to increase the mining sector’s GDP contribution to 10% by 2030 from the current 3% with plans for a revised mining law to be announced by August next year.
