KEFI Gold and Copper secures key financing for Tulu Kapi gold project in Ethiopia [Video]

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive’s Stephen Gunnion about the latest updates on the Tulu Kapi gold project in Ethiopia. He highlighted that project financing is progressing well, with approvals secured from a second bank, which he called a “critical milestone.” The increased proposed bank loan facility, now $240 million from an earlier $190 million, underscores improved project risk ratings and a favourable gold price outlook.

This boost reduces the need for additional funding and simplifies KEFI’s path to full financing. Anagnostaras-Adams discussed Ethiopia’s rapid economic recovery and private sector reforms, which align with KEFI’s goal of local investor participation. He noted that private and public sector involvement reflects the shared ownership of the project. “It’s great that everybody thinks it’s their project,” he remarked, showcasing the collaborative spirit behind Tulu Kapi.

These developments come at an opportune time as Ethiopia launches its stock exchange and liberalises financial markets. …