PROJECT FINANCE

Ethiopian investment syndicate backs Kefi's Tulu Kapi

An Ethiopian investment syndicate has backed Kefi Minerals’ (AIM:KEFI) Tulu Kapi gold project in the country by investing US$30 million in exchange for an interest in the project.

Kefi has raised more funds for the Tulu Kapi gold project in Ethiopia

Kefi has raised more funds for the Tulu Kapi gold project in Ethiopia

Once the agreement goes through, Kefi will own 54% of Tulu Kapi, with the syndicate holding 23% and Ethiopia's government holding the remaining 23%. The $30 million will go towards the project finance...

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