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Ethiopia's sovereign fund invests $3m in Akobo Minerals

August 11, 2025 at 02:02 PM UTCBy 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

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