Vice Governor, National Bank of Ethiopia
Appears in 1 story
Advocated local refining to cut costs and hold gold reserves at home
Ethiopia switched on its first precious metals refinery on October 10, closing a decades-old routine of shipping raw gold to Dubai for processing. The $50 million plant in Addis Ababa's Bole Lemi Special Economic Zone can refine 600 tonnes of precious metals a year, more than 13 times the 44 tonnes of gold Ethiopia itself produced last fiscal year.
Updated 2 hours ago
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