Egypt’s Qalaa Holdings eyes tapping Ethiopia gold mining

Egypt’s Qalaa Holdings, one of the country’s largest investment companies, intends to invest in gold mining in Ethiopia within the next two years, the company’s chairman said on Saturday.

Qalaa is looking at investing in gold mining in Ethiopia, which has gold reserves up to 1.8 million ounces, Ahmed Heikal told Amwal Al Ghad, describing investing in this sector as profitable.