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The latest update is out from Akobo Minerals AB ( (DE:643) ).
Akobo Minerals AB has secured a landmark investment from Ethiopian Investment Holdings (EIH), marking the first international investment by Ethiopia’s sovereign fund. This $3 million investment will facilitate the construction of a new vertical shaft, significantly boosting Akobo’s gold production and enhancing its financial position. The move underscores Ethiopia’s commitment to global market integration and positions Akobo as a key player in the mining industry, offering local stakeholders a unique opportunity to invest in the country’s promising sectors.
More about Akobo Minerals AB
Akobo Minerals is a Scandinavian-based gold producer with a focus on sustainable mining practices. The company operates in Ethiopia’s Gambela region and Dima Woreda, holding exploration and mining licenses. Known for its high-grade gold resources, Akobo Minerals is listed on Euronext Growth Oslo and the Frankfurt Stock Exchange, and is committed to ESG principles and community engagement.
YTD Price Performance: -41.94%
Average Trading Volume: 250,390
Current Market Cap: NOK196.6M
Learn more about 643 stock on TipRanks’ Stock Analysis page.