The National Bank of Ethiopia has approved term sheets with project finance banks who are expected to provide debt finance for the Tulu Kapi Gold Project.
KEFI Minerals has selected its preferred project infrastructure finance proposal for the company’s Tulu Kapi gold project.
KEFI Minerals subsidiary, Tulu Kapi Gold Mines, has launched the company’s Tulu Kapi Gold Project with its Ethiopian private and public sector partners.
KEFI Minerals has received confirmation from the Ethiopian Government that it has now resolved the outstanding internal administrative arrangements.
KEFI Minerals has received the last federal government consent for finance and development of its Tulu Kapi Gold Project from the National Bank of Ethiopia.
KEFI Minerals has now signed a binding Project Equity Investment Agreement for its subscription of new equity capital into Tulu Kapi gold project company.
AIM-listed Kefi Minerals has signed a deal with a syndicate of Ethiopian investors who will purchase a significant, yet minority, stake in the company’s subsidiary, Tulu Kapi Gold Mines Share Company.
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