A Strategic Plan for the Sector
More narrowly, Ethiopia is also working from a ten year strategic plan for developing its mineral sector. The methodology and approach to the plan is spelled out below.
Ethiopia has a number of crucial strengths that its mineral sector can build on. These are:
• A unique geological profile;
• Occurrences of wide variety of minerals;
• A strong emerging economy with double-digit growth for the last 10 years.
There are however a few areas that are calling out for improvement before Ethiopia can be a global force in mining. These are:
• A lack of top quality geosciences data, with only 20-30% of Ethiopia’s mineral currently known.
• Shortages of capital and investment in the sector.
• Limited understanding amongst Ethiopia’s citizens and other stakeholders of the sector’s important role in socio-economic development.
• Insufficient focus on value addition and export substitution.
Building an inclusive strategy
The Ministry of Mines and Petroleum (MoMP) has carefully developed and is developing an evidence-based strategy for the mineral sector, to build on these strengths while addressing any shortcomings. Its planning was and continues to be highly consultative and participatory (both bottom-up and top-down).
The planning is led by a Steering Team, and drafted by a separate Technical Team, who work in collaboration with knowledgeable consultants. In addition, regional offices, heads and other subject experts are regularly consulted, as are donors, education and research institutions and other economic institutions with valuable mining sector experience.
Our African Minerals Vision
Our vision of Ethiopian mining is of the transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development.
Bringing about the African Minerals Vision is essential to realising the National Vision for Ethiopia as a whole. Our ultimate National Vision for Ethiopia is to:
• Join the ranks of lower-middle income countries by 2030
• Engage in Resilient Green Economic Growth, and
• Increase industrialization
Objectives and goals of the 10-year strategic plan
Our 10-year strategic plan for the mining and petroleum sector has the following five objectives:
• Increase internal and foreign exchange earnings
• Increase investment in the sector
• Enable the possibility of value addition and facilitate the industrialization of the economy
• Create opportunities for direct and indirect quality jobs in the extractives sector
• Build the organizational and technical capacity of institutions
Areas we are focussing on
The Ministry of Mines and Petroleum (MoMP) has identified the following areas as crucial to achieving our objectives. These are the areas we are working to address as a matter of priority:
• Institutional competences and technology
• Legislation and Policies
• Human Resources competencies
• Research and innovation
• Political stability and Investment Protection
• Stakeholders’ cooperation
• Monitoring and evaluation
As part of its reform agenda, Ethiopia has given serious consideration to its policy for both the mining and petroleum sectors, which have both been recently redrawn. To find out more about Ethiopia’s new policy in these areas, please click the buttons below.
Ethiopia’s legal framework surrounding mining and petroleum is undergoing reform in order to improve transparency and accountability.
Read more about Ethiopia’s Mining Legislation and Regulations or Petroleum Legislation and Regulations.