One of the top five host economies of foreign direct investment in Africa, attracting $4.1 billion investments in 2021
Invested 10% of its GDP in infrastructure development―the highest percentage in Africa
Population of 120 million and a rapidly growing middle class
Second largest consumer market in Africa
Strategically located to serve the African continent as part of the Common Market for Eastern and Southern Africa
Mining Sector in Ethiopia
24 mining companies in operation
Mining Exports represent 14% of total exports
Generated 54,000 jobs
Government of Ethiopia
Attractive fiscal and non-fiscal incentives to investors
Ethiopia is a member of the World Bank affiliated Multilateral Investment Guarantee Agency (MIGA), which issues guarantees to investors against non-commercial risks such as expropriation
HEAVILY UNDEREXPLORED IN A FERTILE GREENSTONE BELT
Geological similarity with Western Australia indicative of potential
Current mineral exports in Ethiopia are under US$1bn, versus WA’s US$165bn
Arabian-Nubian Shield is one of the last underexplored mineral rich frontier belts hosting multiple large-scale gold and copper deposits
Highly prospective and hosts several large-scale gold deposits (including Dawa-Okote, Lega Dembi and Sakaro) despite receiving minimal modern exploration
