Addis Abeba – Gold suppliers to the National Bank of Ethiopia (NBE) are poised to get a premium of 35 %, an increase from 29 %, according to Takele Uma, Minister of Mines and Petroleum. Additionally, “the segmented procedure has been changed to a flat structure starting from 50 gm , previously 5KG,” according to the Minister. “This is entirely beneficial to the artisanal producers.”A joint cmt from MoM & NBE has studied & decided the artisanal gold purchase at the NB is to be increased from 29% to 35%. The segmented procedure has been changed to a flat structure starting from 50 gm , previously 5KG. pic.twitter.com/Xk4AOVJ55H — Takele Uma Banti (@TakeleUma) June 22, 2022Until now, the provision of higher premium was reserved for those who supply high quantities.

Source: Ethiopian News June 23, 2022 04:57 UTC