Ethiopian Gold Rush: KEFI’s Tulu Kapi project secures $320 million investment

In the heart of Ethiopia, a gold rush is on the horizon. Kefi Gold and Copper’s Tulu Kapi gold project, a beacon of hope for the nation’s economy, has secured approval for a monumental transaction worth 320 million dollars.

The Ethiopian federal government has confirmed its equity capital investment in the Tulu Kapi project, demonstrating a commitment to the future of the nation’s mining sector. With preparations for the project launch underway, the stage is set for a new chapter in Ethiopia’s economic growth.

Lycopodium Limited, a professional services company, stands as one of the principal project contractors for process plant design and construction. Their expertise in delivering complex projects on time and within budget positions them as a vital player in the development of the Tulu Kapi project.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

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,