FilingReader Intelligence
Ethiopia's sovereign fund invests $3m in Akobo Minerals
August 11, 2025 at 02:02 PM UTC•By FilingReader AI
Ethiopian Investment Holdings will acquire a 7.4% stake in Akobo Minerals through a $3m private placement, subscribing 15m new shares at $0.20 each.
The funds will construct a new vertical shaft at the Segele mine, boosting monthly gold production from 5-10kg to 50-80kg.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:AKOBO•Oslo Stock Exchange
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