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[Feb 2018] Elfora Agro-industry Plc Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

MIDROC Announces Eight Billion Birr Expansion for MIDROC Gold, Elfora Agro-Industry

MIDROC ETHIOPIA TECHNOLOGY GROUP has announced an eight billion Birr expansion project for Elfora, an agro processing subsidiary, and MIDROC Gold, a mining exploration subsidiary.

The company, which has a five billion Birr annual turnover, divided the expansion project investment into two sections for implementation to begin in 2015 and continue for the next 15 to 20 years.

The first of the projects to be implemented is the gold mining project, which is to be carried out at the newly discovered gold potential area in

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