Your account has been succesfully created.

EN FR

Spotlight | Ethiopia
The controversial sale of Allied Gold to Chinese firm Zijin

By Constance Daire

Published on 22.04.2026 at 04:40 GMT Reading time 5 minutes

Jinghe Chen, chairman and founder of Zijin Mining, at Mining Indaba in Cape Town, South Africa, on 6 February 2023. © Shelley Christians/Reuters

This article is part of this Running Story

The Renaissance Dam – a national symbol but a regional quandary All articles

The approval of this $4bn deal by the Canadian authorities marks a new chapter in diplomatic and economic relations with Beijing. In Ethiopia, where Allied Gold Corp is developing the Kurmuk mine, the matter is being closely monitored by Prime Minister Abiy Ahmed's office.

This article may be accessed by subscribers

In order to ensure high-quality and independent journalism, Africa Intelligence relies solely on subscriptions from its readers, with no advertising, no events and no consulting work.

Several offers are available depending on your particular reading needs

Consult our offers

Do you want a free trial before subscribing?

Create your free account

Discover our work by making use of the following possibilities: daily newsletters, a selection of free articles, keyword alerts.

Do you want a free trial before subscribing?

create a free account

This article is part of this Running Story

The Renaissance Dam – a national symbol but a regional quandary All articles

Ethiopia
Business forum with EU sidesteps Bishoftu airport project

Although a central issue, the future of the continent's largest airport will not be addressed at this meeting of investors, diplomats and political leaders. Uncertain financing from the European Investment Bank may partially explain this decision.

Subscribers only Infrastructure 22.04.2026

The construction site of the future Addis Ababa Bishoftu International Airport, 15 February 2026.

Kenya
Ruto riled by allies as golden mining opportunity unravels

The Kenyan president saw the temporary alliance as key to developing gold mines in the west. It is however proving toothless in the face of increasing opposition from the public.

Subscribers only Mining, Politics 21.04.2026

Palace Intrigues
Brice Clotaire Oligui Nguema, Michael Randrianirina, Abiy Ahmed, Hassan Sheikh Mohamoud

Intrigues big and small: every Thursday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

GabonBrice Clotaire Oligui Nguema prepares for his first anniversary as president

Madagascar-Equatorial GuineaBehind Colonel Randrianirina's trip to Malabo

Ethiopia, SomaliaAbiy Ahmed and Hassan Sheikh Mohamoud at cross-purposes

Subscribers only Diplomacy 02.04.2026

Ethiopia
Prominent guests absent from the inauguration of Renaissance mega-dam

Ethiopia wants to celebrate the launch of the GERD in style. This project, on the Nile, is the largest water project on the continent. Although Abiy Ahmed is taking advantage of an international conference to invite foreign leaders, several heads of state will be absent.

Subscribers only Infrastructure 01.09.2025

The Grand Ethiopian Renaissance Dam (GERD), 20 February 2022.
Ethiopian Government HO/EPA/MaxPPP

Spotlight | Egypt, Ethiopia
Cairo builds Nile Basin alliances to counter Addis Ababa

Despite its isolation over Nile water management, Egypt has begun to build a coalition of security partners with countries through which the river flows, starting with Uganda. The aim is to counter Ethiopia's influence.

Subscribers only Defence, North Africa, Diplomacy 11.11.2024

Egyptian President Abdel Fattah al-Sisi in Kazan, Russia, 23 October 2024.

Ethiopia
Emirati finance veterans get Asosa gold mine back on feet

Egyptian mining concern, Ascom Precious Metals Mining, which runs operations [...]

Subscribers only Mining 03.10.2017

Text size

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Spotlight | Ethiopia
The controversial sale of Allied Gold to Chinese firm Zijin

This article is part of this Running Story

The approval of this $4bn deal by the Canadian authorities marks a new chapter in diplomatic and economic relations with Beijing. In Ethiopia, where Allied Gold Corp is developing the Kurmuk mine, the matter is being closely monitored by Prime Minister Abiy Ahmed's office.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

This article is part of this Running Story

Related topics to this article

Read also

Ethiopia
Business forum with EU sidesteps Bishoftu airport project

Kenya
Ruto riled by allies as golden mining opportunity unravels

Palace Intrigues
Brice Clotaire Oligui Nguema, Michael Randrianirina, Abiy Ahmed, Hassan Sheikh Mohamoud

GabonBrice Clotaire Oligui Nguema prepares for his first anniversary as president

Madagascar-Equatorial GuineaBehind Colonel Randrianirina's trip to Malabo

Ethiopia, SomaliaAbiy Ahmed and Hassan Sheikh Mohamoud at cross-purposes

Ethiopia
Prominent guests absent from the inauguration of Renaissance mega-dam

Spotlight | Egypt, Ethiopia
Cairo builds Nile Basin alliances to counter Addis Ababa

Ethiopia
Emirati finance veterans get Asosa gold mine back on feet

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | Ethiopia The controversial sale of Allied Gold to Chinese firm Zijin

This article is part of this Running Story

The approval of this $4bn deal by the Canadian authorities marks a new chapter in diplomatic and economic relations with Beijing. In Ethiopia, where Allied Gold Corp is developing the Kurmuk mine, the matter is being closely monitored by Prime Minister Abiy Ahmed's office.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

This article is part of this Running Story

Related topics to this article

Read also

Ethiopia Business forum with EU sidesteps Bishoftu airport project

Kenya Ruto riled by allies as golden mining opportunity unravels

Palace Intrigues Brice Clotaire Oligui Nguema, Michael Randrianirina, Abiy Ahmed, Hassan Sheikh Mohamoud

GabonBrice Clotaire Oligui Nguema prepares for his first anniversary as president

Madagascar-Equatorial GuineaBehind Colonel Randrianirina's trip to Malabo

Ethiopia, SomaliaAbiy Ahmed and Hassan Sheikh Mohamoud at cross-purposes

Ethiopia Prominent guests absent from the inauguration of Renaissance mega-dam

Spotlight | Egypt, Ethiopia Cairo builds Nile Basin alliances to counter Addis Ababa

Ethiopia Emirati finance veterans get Asosa gold mine back on feet

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight | Ethiopia
The controversial sale of Allied Gold to Chinese firm Zijin

Ethiopia
Business forum with EU sidesteps Bishoftu airport project

Kenya
Ruto riled by allies as golden mining opportunity unravels

Palace Intrigues
Brice Clotaire Oligui Nguema, Michael Randrianirina, Abiy Ahmed, Hassan Sheikh Mohamoud

Ethiopia
Prominent guests absent from the inauguration of Renaissance mega-dam

Spotlight | Egypt, Ethiopia
Cairo builds Nile Basin alliances to counter Addis Ababa

Ethiopia
Emirati finance veterans get Asosa gold mine back on feet