Kefi Gold is progressing with the Tulu Kapi Gold Project in Ethiopia, aiming to finalize agreements by March 31, 2025. The company has secured $240 million in loans and received governmental support while infrastructure developments are underway and favorable market conditions persist.
Kefi Gold, a company engaged in gold and copper exploration, is making significant strides with the Tulu Kapi Gold Project in Ethiopia. The company intends to finalize all definitive agreements by March 31, 2025. So far, Kefi Gold has secured credit committee approvals from two banks for a $240 million loan, facilitating the initiation of project development with contractors and service providers.
Kefi Gold is actively advancing the Tulu Kapi Gold Project in Ethiopia, achieving key financial approvals and benefiting from governmental support. The ongoing infrastructure investments and economic stability underscore the project’s potential. With favorable market conditions and a target completion date set for March 31, 2025, stakeholders are optimistic about the project’s successful launch and its contributions to the Ethiopian economy.
Original Source: energycapitalpower.com
