New RNS13 May 2025 22:05
RNS Number : 4817I
Kefi Gold and Copper PLC
13 May 2025
13 May 2025
KEFI Gold and Copper plc
("KEFI" or the "Company")
Tulu Kapi Project Update
KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, is pleased to report, further to the Company's announcement on 6 May 2025, that the Ethiopian Parliament has today formally ratified Ethiopian Country Membership for Africa Finance Corporation ("AFC").
AFC is one of KEFI's co-lenders for the Tulu Kapi Gold Project ("Tulu Kapi" or the "Project"). Country Membership was a critical condition precedent for AFC's participation in the Project financing alongside Eastern and Southern African Trade and Development Bank (TDB), which already has Ethiopian Country Membership.
Following AFC being formally granted Ethiopian Country Membership, KEFI will now continue with the remainder of the scheduled Project launch steps, as pre-agreed with the Ethiopian Government and the Project syndicate.