Is it still a can kick?18 Mar 2025 07:44
Remaining Steps to Full Project Funding Sign Off
Having now received credit committee and Board clearances from the co-lending banks, the next steps are:
Updating of all banking details and arrangements for latest approvals and associated plans
Receipt of the remaining Government confirmations on various well understood and already discussed issues, including Parliamentary Ratification that both of our banks have the same Country Membership protections in Ethiopia - this has been done for one bank and for the other it is in advanced process after having been approved at Ministerial level;
Last-minute certifications of security, community readiness and the project financial model; and
Formal signing of detailed definitive documentation reflecting all the above
Well, we are still a little way off as ratification is "the key" to unlocking all of this.
Will they sort this out in next few months?