Ethiopia: Mining Companies Worth 73b Br Join Industry

Seventy-one mining companies with registered capitals of more than 73 billion Br have joined the mining industry in the first half of the second edition of the Growth & Transformation Plan (GTP II), according to the Ministry of Mines, Petroleum & Natural Gases.

The government supported the mining companies mainly by giving them tax incentives, according to Geremew Negasa, the Ministry’s Planning, Monitoring & Evaluation director.

 

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects  within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Minerals Plc

More articles like this

Gold surge signals deepening doubts in the dollar

As gold prices shatter records and global central banks quietly shift their reserves, investors are seeing more than just a rally in precious metals—they’re witnessing a growing global scepticism about the future of the US dollar.

KEFI Gold and Copper

Gold soars to new heights

Gold prices surged past previous records on Monday, driven by a wave of safe-haven demand following fresh tariff threats from U.S. President Donald Trump. As global trade tensions escalate, investors are piling into the precious metal,