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More and more gold mines are being located, such as in the Afar region and in the Konso woreda in south western Ethiopia. [8] On 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. [9]
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
Hematite and magnetite are the most common types of Iron ore. Roughly 98% of iron ore on the global market is used in iron and steel production. [8] The other 2% of iron ore is used to make powdered iron for certain types of steel, auto parts, and catalysts; radioactive iron for medicine; and iron blue in paints, inks, cosmetics, and plastics. [5]
The Main Ethiopian Rift is geologically active and susceptible to earthquakes. Hot springs and active volcanoes are found in its extreme east close to the Red Sea.Elsewhere, the land is subject to erosion, overgrazing, deforestation, and frequent droughts.
The unintended consequences of pesticides is one of the main drivers of the negative impact of modern industrial agriculture on the environment. Pesticides, because they are toxic chemicals meant to kill pest species, can affect non-target species, such as plants, animals and humans.
It is not known exactly to what extent dams in Ethiopia would reduce the flow of water to Sudan and Ethiopia. Assuming an evaporation rate of 1 meter per year, an irrigated area of 200,000 hectares and a combined reservoir area of 1,000 km2, the flow of the Nile could be reduced by 3 billion cubic meters per year, equivalent to about 5 percent ...
In general, the agricultural activity in Ethiopia cultivated for other nascent industrial sectors such as for machinery manufacturing and even for wholesale and retail businesses. [1] Ethiopian farmers often frustrated to secure foot at large, primarily due to ecological factors.
Bags of wheat from Ukraine sent to Ethiopia, March 2023. In 2020, Russia and Ukraine accounted for a combined total of 81% of Ethiopia's wheat imports (66% being imported from the former and 15% from the latter); [81] in June 2022, roughly 42% of Ethiopia's grain was imported from these two countries (15% from Russia and 27% from Ukraine). [82]