RE: $240m Loan Signed.... BOOM21 Jan 2026 07:13
KEFI Founder and Executive Chairman, Harry Anagnostaras-Adams, commented:
"It is all systems go in Ethiopia. I am delighted to confirm the banking syndicate have now signed binding final documentation for the agreed US$240M debt funding. We expect any outstanding documentation to be entered into on the identified and agreed equity component to be finalised and entered into next month, in turn enabling the balance of funds drawdown from the US$100M equity component. As previously stated, whilst committed, the Company will draw the debt funding later in the year which minimises debt servicing payments.
"We are delighted to be moving into full financial close and drawdown of funding at a time when the gold price is trading above US$4,700 per ounce and Ethiopia undergoing transformational private sector-led growth, as evidenced by the IMF's recent report on Ethiopia (real GDP Growth 9.3% for 2025-2026 and 8.6% 2026-2027).
"I look forward to providing further updates in the near term."