MIDROC Investment Group opened a 1 billion ETB coal processing facility in western Ethiopia.
Facility processes 200 tonnes of coal per hour.
Plant created 250 permanent jobs.
Ethiopia previously spent up to $300 million on imported coal.
Processed coal intended for domestic cement, steel, construction industries.
Plant inaugurated in Arjo, East Wollega, Oromia Region.
why it matters?
The facility replaces a portion of Ethiopia’s imported coal demand, potentially reducing foreign exchange outflows tied to industrial fuel imports.