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The World Bank Group plans to increase its metals and minerals support fivefold to $19 billion over FY26-FY30, with eight countries signing partnership compacts.

Ethiopia launched its first gold refinery, a US$50 million joint venture, as Prime Minister Abiy Ahmed seeks to process more of the country's minerals at home.

The country ships raw ore while importing processed products, ceding the industrial and jobs gains that processing would create, industry observers warn.