Market News

At the end of the second Growth and Transformation Plan (GTP II) (2016-2020) the Ministry of Mines is planning to garner three billion dollars a year from mineral and gas exports.   The leadership of the Ministry of Mines and employees of the ministry are deliberating on the second GTP at the . . .

Many study researches indicate that Ethiopia is endowed with various natural resources which exist on the surface and beneath the ground. Its flora and fauna, with rich biodiversity, on the one hand and its minerals that abound underground and which remained unexplored for ages have an immense poten . . .

Shares in African Potash (LON:AFPO) jumped Friday after the miner announced it has sealed a deal to sell 50,000 metric tonnes (MT) of its fertilizer product to a Zambian distributor in the Common Market for Eastern and Southern Africa (COMESA) for $500 a tonne. The stock was up 2.5% at 3.625p in . . .

Ethiopia government has promised a “bright future” for foreign investors in the country’s mining sector. Ethiopian Minister of Mines Tolesa Shagi on Friday called on development partners to join the country’s efforts in boosting the mining sector development for mutual ben . . .

Kampala — The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector.   According to the UCMP vice chairman, Mr Richard Kaijuka, the chamber inked the deal with Shandong Provincial Bureau of Geol . . .