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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 a journalist covering East Africa’s political economy across politics and policy, global markets, capital, and the digital economy.
  • 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 . . .

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