Ethiopian government suspends the mining license of Midroc Gold Mines, a company which has been operating on the Lega Dembi project (4.5 tons of gold/year) in Oromia region for two years now. This was reported yesterday May 10 by Reuters which quoted a senior government official.
The decision follows weeks of protests by populations who accuse the company of water and air pollution. “The ministry suspended the license in response to the demands of the people,”Bacha Faji, spokesperson for the ministry of mines, petroleum and natural gas, told Fana television.
For the record, protests started after the government’s decision to renew the project’s mining license. Residents of Guji zone (where the mine is located) have protested accusing the company of polluting the environment as well as the Lega Dembi River. They also allege that the pollution is the cause of many diseases.
Moreover, Mr. Bacha indicated that an independent decision-making body has been set and had already begun an impact assessment study of the company’s operations. Government’s final decision will depend on the outcome of this study whose duration was not specified.
let’s note that Midroc Gold Mines is owned by the Saudi tycoon born in Ethiopia, Mohammed Hussein al-Amoudi.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
Ethio Telecom to extend telehealth services to 200 more hospitals Expansion aims to cut costs and improve healthcare access Rollout supported by 4G,...
Despite rapid urban growth, Côte d’Ivoire remains largely dependent on agriculture. Rural areas of the country, which are poorer than urban centres, are...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...