Ethiopia Earns Over $2.1 Billion in Foreign Exchange from Gold Market











Addis Ababa – April 16, 2025

The Ministry of Mines announced today that Ethiopia has earned more than $2.1 billion in foreign exchange over the past nine months through the sale of 26 tons of gold delivered to the National Bank.

This achievement was disclosed during a high-level discussion held by ministry officials, sector leaders, and stakeholders to review the performance of the mining industry. The meeting highlighted major national achievements and the mining sector’s growing contribution to the country’s economy.

Officials reported that several mining-related projects, including gold and coal operations and cement factories, have been completed and entered production during this period. These developments have helped drive significant growth in foreign direct investment and merchandise trade, while also contributing to a notable increase in government deposits and accelerating momentum in capital and securities markets.

The Prime Minister’s Youth and Sports Advisor, Ato Kejela Merdasa, attended the session and praised the mining sector for its exceptional performance, stating that it has outpaced many other sectors and is poised to continue its upward trajectory.

In addition to economic indicators, the forum also noted an increase in the number of job seekers engaging in employment both domestically and abroad, pointing to mining’s role in driving broader national development.

Participants concluded the discussion by recognizing the achievements of the past nine months as a foundation for advancing the country’s next national mission. The Ministry reaffirmed its commitment to maintaining the momentum and positioning the mining industry as a key pillar of Ethiopia’s economic future.