Stock Market News
KEFI Minerals pleased with 'smooth transition' of Ethiopian government
KEFI Minerals on Tuesday welcomed the appointment of new state ministers in Ethiopia and stated it is in communication with the nation's government regarding the Tulu Kapi Gold Project.
Following the appointment of Dr Abiy Ahmed as Prime Minister of Ethiopia on 2 April, the country's government has seen a raft of new appointments as the nation's leadership undergoes a transitional period.
AIM-traded gold exploration and development firm KEFI Minerals is partnered with the government in ownership of the Tulu Kapi project's operator, Tulu Kapi Gold Mine Share Company Limited, and said its representatives are seeking to work closely with all other involved parties.
In a statement, the company sought to highlight that despite the transitional period Ethiopia is again expected to see the highest growth country in Sub-Saharan Africa this year according to the IMF, with mining listed as a priority sector.
Also noted was the international bond market's positivity regarding the nation's "smooth transition" to new leadership, boding well for the company's KEFI Infrastructure Bond.
As of 1639 BST, KEFI Minerals' shares were down 3.56% at 2.58p.
Following the appointment of Dr Abiy Ahmed as Prime Minister of Ethiopia on 2 April, the country's government has seen a raft of new appointments as the nation's leadership undergoes a transitional period.
AIM-traded gold exploration and development firm KEFI Minerals is partnered with the government in ownership of the Tulu Kapi project's operator, Tulu Kapi Gold Mine Share Company Limited, and said its representatives are seeking to work closely with all other involved parties.
In a statement, the company sought to highlight that despite the transitional period Ethiopia is again expected to see the highest growth country in Sub-Saharan Africa this year according to the IMF, with mining listed as a priority sector.
Also noted was the international bond market's positivity regarding the nation's "smooth transition" to new leadership, boding well for the company's KEFI Infrastructure Bond.
As of 1639 BST, KEFI Minerals' shares were down 3.56% at 2.58p.
Related share prices |
---|
KEFI Gold and Copper (KEFI) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price