RE: Xhita23 Jun 2026 21:13
Ethiopia Today certainly likes what they see
"The strategic share issuance allows public market investors and major local financial institutions a unique vehicle to back KEFI’s aggressive expansion into the Horn of Africa’s highly lucrative gold and critical minerals sector.
The announcement comes fast on the heels of the recent finalization of KEFI’s flagship Tulu Kapi Gold Project.
Tulu Kapi stands as Ethiopia’s first internationally project-financed gold development, already backed by a massive US$240 million debt and mezzanine funding package co-financed by the Africa Finance Corporation (AFC) and the Eastern and Southern African Trade and Development Bank (TDB).
Crucially, with the primary open-pit project fully funded and underway, this new AIM-driven initiative provides KEFI with a non-dilutive, flexible layer of growth capital to expand its pipeline.
This fresh capital injection will immediately accelerate early engineering and underground preparations for the Tulu Kapi Underground Gold Mine, which is slated to become KEFI’s second planned mine in the country, while simultaneously igniting aggressive exploration campaigns targeting highly lucrative, untapped critical mineral and gold deposits across wider Ethiopia"