{"id":47691,"date":"2026-10-12T07:41:53","date_gmt":"2026-10-12T05:41:53","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/ethiopia-launches-its-first-gold-refinery-prime-minister\/"},"modified":"2026-10-12T13:42:17","modified_gmt":"2026-10-12T11:42:17","slug":"ethiopia-launches-its-first-gold-refinery-prime-minister","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/ethiopia-launches-its-first-gold-refinery-prime-minister\/","title":{"rendered":"Ethiopia launches its first gold refinery: Prime Minister\u00a0"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">Ethiopia has launched its first gold refinery, \u200ba $50 million joint venture aimed \u200cat turning the East African nation into a regional processing hub for precious metals, \u200bPrime Minister Abiy Ahmed said \u200bover the weekend.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Gold exports are one \u2060of Ethiopia&#8217;s main sources of \u200bforeign exchange, earning the country $5.6 billion last \u200byear, according to government data.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Abiy said the new refinery would process gold from Ethiopia \u200band elsewhere.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;It enables neighbouring countries and \u200bregional mining companies to bring their gold to \u200cEthiopia \u2060for advanced refining, certification, value addition, and sale, eliminating the need to export it outside the continent,&#8221; Abiy \u200bAhmed said \u200bin \u2060a post on social media platform X on Saturday.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The refinery \u200bwill provide services including melting, \u200btesting, \u2060refining, casting, bar minting and die-making.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The initial investment in the refinery is $50 million, \u2060with \u200bstate-owned Ethiopian Investment Holdings \u200btaking a majority stake, Abiy said.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":22449,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[26],"class_list":["post-47691","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-general_news","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Ethiopia has launched its first gold refinery","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47691\/revisions"}],"predecessor-version":[{"id":47711,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47691\/revisions\/47711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22449"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=47691"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}