Bole Lemi Special Economic Zone

Stories

Ethiopia opens first gold refinery to process gold at home

Site of the new refinery

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