Ethiopian Investment Holdings (EIH)

Stories

Ethiopia opens first gold refinery to process gold at home

Majority owner of the refinery joint venture (51%)

Ethiopia opened its first precious metals refinery on October 10, ending a long practice of shipping raw gold abroad for processing. The $50 million plant at Bole Lemi Special Economic Zone in Addis Ababa is built to handle more than 600 tonnes of gold and silver a year. That is more than 13 times the 44 tonnes of gold Ethiopia produced in the fiscal year that ended in July.

Updated Oct 21

Dangote, Ethiopia, and Djibouti break ground on $660m fuel pipeline

Built World

As of September 2026: Co-developer for the Ethiopian government

Ethiopia is landlocked, so every litre of imported fuel reaches Addis Ababa by road tanker from Djibouti—a five-day drive. On Thursday, Ethiopian Prime Minister Abiy Ahmed, Djiboutian President Ismail Omar Guelleh, and Nigerian billionaire Aliko Dangote broke ground on a pipeline that cuts that trip to one day.

Updated Sep 25