Tigrai Online March 09, 2013
Sub-Saharan Africa was at the fore of the Prospectors and Developers Association of Canada’s 2013 show, with projects from West, Central and Southern Africa firing the imagination of many delegates and even grabbing several headlines. One region worthy of close attention is Ethiopia.
The wars and famines that scourged the country three decades ago are, thankfully, a thing of the past. Today, Ethiopia is rapidly changing and has recorded constant growth over the past several years. This is having a noticeable impact. For example, infant-mortality rates have fallen by 40% since 2000, according to The Economist. Low wages are rising and the agricultural sector, still the most important component in terms of gross domestic product, is being modernised at a quickening pace.
However, there are still many challenges. For example, inflationary pressures need to be kept in check, while overhauling the country’s road and rail access remains pressing. Power is another critical concern. To help overcome these problems, Ethiopia is looking to develop a progressive resource sector, with particular attention being paid to mining and minerals extraction. For this to happen, the country continues to require foreign investment and mining expertise.
“Ethiopia is a big country, with a population of over 80-million. We are fast-tacking our development, aiming to become a country of middle-income earners,” Ethiopia’s Minister of Mines, Sinkinesh Ejigu, told Mining Weekly Online. “We are seeking development partners [in the mining sector], and want to work with them to deliver mutual benefits and profits.”
Ethiopia’s mineral base is varied and, given that there is still plenty of mileage for modern exploration, has the potential to be vast.
Source: Mining Weekly - http://www.miningweekly.com/article/ethiopia-mining-to-be-economic-backbone-as-allana-outlines-progress-2013-03-07