{"id":33474,"date":"2020-09-15T08:14:24","date_gmt":"2020-09-15T08:14:24","guid":{"rendered":"http:\/\/abdas.org\/?p=33474"},"modified":"2020-09-15T08:14:24","modified_gmt":"2020-09-15T08:14:24","slug":"ethiopia-is-the-destination-for-mining-investment","status":"publish","type":"post","link":"https:\/\/abdas.org\/2020\/09\/15\/ethiopia-is-the-destination-for-mining-investment\/","title":{"rendered":"Ethiopia is the Destination for Mining Investment"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-32698\" src=\"http:\/\/abdas.org\/wp-content\/uploads\/2020\/09\/Ethiopia-Mining-Invstmntdstn.jpg\" alt=\"\" width=\"750\" height=\"375\" \/><br \/>\nYou may have heard of the Ethiopian GTP, but what exactly is it? Ethiopia seeks to reach middle-income status by 2025 by steadily switching from an agricultural economy to an industrial economy. This will be done through the introduction of the Growth and Transformation Plan (GTP) II. <\/p>\n<p>Agriculture is currently the primary driver of economic growth, accounting for 46% of the overall Gross Domestic Product ( GDP), 80% of jobs and 85% of export revenues in Ethiopia. The transformation of the industrial economy involves strategic and structural ties with all sectors of the economy.<\/p>\n<p>The extractive sector is well placed to be the driving force behind this transition. With the help of the 25-year Mineral Sector Development Plan of the Ministry of Mines Petroleum and Natural Gas, the mining sector aims to raise its contribution to GDP from 2% to 10% by 2025.<\/p>\n<p>For thousands of years artisanal miners have mined gold in Ethiopia and gold deposits are widespread across the region. Southern Ethiopia&#8217;s greenbelt is already home to two gold mines, with MIDROC Ethiopia mining in Lega Dembi, and development has begun in Sakaro, Oromia. MIDROC has too been allowed a large-scale mining permit for gold and is beneath development at Metekel within the Benishangul Gumuz locale. Licenses have been issued to numerous neighborhood and remote large-scale gold mining firms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may have heard of the Ethiopian GTP, but what exactly is it? Ethiopia seeks to reach middle-income status by 2025 by steadily switching from an agricultural economy to an &hellip; <\/p>\n","protected":false},"author":54231,"featured_media":33475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/33474"}],"collection":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/users\/54231"}],"replies":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/comments?post=33474"}],"version-history":[{"count":1,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/33474\/revisions"}],"predecessor-version":[{"id":33476,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/33474\/revisions\/33476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media\/33475"}],"wp:attachment":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media?parent=33474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/categories?post=33474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/tags?post=33474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}