Search
Login
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Ethiopia’s sovereign fund buys $3mn stake in Akobo Minerals

Photo by Omid Roshan @ Unsplash | Mining
Photo by Omid Roshan @ Unsplash

Michael Masrie

Michael Masrie is an Ethiopian journalist and analyst specializing in political economy, geopolitics, diplomacy, and international affairs.
  • Ethiopian Investment Holdings buys 7.4% of Akobo Minerals in first-ever international deal
  • Deal aims to boost Ethiopian gold output nearly tenfold

ADDIS ABABA, ETHIOPIA - Ethiopia’s sovereign wealth fund has made its first foray into global markets by acquiring a 7.4% stake in Akobo Minerals, a Scandinavian-based gold producer, in a $3 million private placement . . .

You need an active subscription to continue reading this article.

Free Trial

Recent Business

@ Pixabay | Coffee
Rwanda coffee farmers see 25% jump in prices
12/08/2025
1 hour ago
Alex Ngarambe
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Senegal raises $67 million on regional bond market to cover budget gap
12/08/2025
3 hours ago
Alhousseiny Djigo
Read More »
Photo by Vadim Berg @ Unsplash | Egypt
Egypt inflation slows to 13.1% in July as food prices drop sharply
12/08/2025
7 hours ago
Justice Nwafor
Read More »
Stay ahead with Real time Updates

Recent Politics

Photo by Hassan Kibwana @ Unsplash | Kenya protest
Ruto allies vow to ‘rig’ Kenya 2027 election
06/08/2025
6 days ago
Wanderi Kamau
Read More »
Photo by Aliaksei Lepik @ Unsplash Port
US, Russia jostle for influence at Togo’s growing seaport
05/08/2025
1 week ago
Caleb Ahinakwah
Read More »
Photo by Mario Klassen @ Unsplash
Kenya, Tanzania sued over cross-border abuses
31/07/2025
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

@ Pixabay | Coffee
Read More »
Rwanda coffee farmers see 25% jump in prices
Photo by Fran Ben @ Pixabay | Senegal
Read More »
Senegal raises $67 million on regional bond market to cover budget gap
Photo by Omid Roshan @ Unsplash | Mining
Read More »
Ethiopia’s sovereign fund buys $3mn stake in Akobo Minerals
Photo by Vadim Berg @ Unsplash | Egypt
Read More »
Egypt inflation slows to 13.1% in July as food prices drop sharply
Photo by Fran Ben @ Pixabay | Senegal
Read More »
Senegal raises $67 million on regional bond market to cover budget gap
Photo by Omid Roshan @ Unsplash | Mining
Read More »
Ethiopia’s sovereign fund buys $3mn stake in Akobo Minerals
Photo by Vadim Berg @ Unsplash | Egypt
Read More »
Egypt inflation slows to 13.1% in July as food prices drop sharply
Photo by Tom Fisk @ Pexels | Gold mining site
Read More »
Asante Gold secures $500 million to expand Ghana mines
Photo by Omid Roshan @ Unsplash | Mining
Read More »
Ethiopia’s sovereign fund buys $3mn stake in Akobo Minerals
Photo by Vadim Berg @ Unsplash | Egypt
Read More »
Egypt inflation slows to 13.1% in July as food prices drop sharply
Photo by Tom Fisk @ Pexels | Gold mining site
Read More »
Asante Gold secures $500 million to expand Ghana mines
Photo by Jeffry S.S @ Pexels Ethiopian Airlines
Read More »
Record $7.6bn fuels Ethiopian Airlines’ bid to dominate African skies