• Home
  • About Us
    • Our Mission and Vision
    • Objectives
    • History
    • Board of Directors
    • Message From CEO
    • Our Leadership Team
  • Investment
    • Sectors We Invest In
    • How We Design Our Investments
    • How We Categorizes Our Investments
    • What Vehicles Does EIH Use?
    • Investment Considerations
    • Investment Process
    • EIH’s Value Proposition
    • Success Stories
  • Portfolio
    • Transport and Logistics
    • Energy and Connectivity
    • Financial Services
    • Mining, Engineering and Chemicals
    • Hospitality
    • Agriculture and Agro-Processing
    • Manufacturing
    • Trading
    • Construction and Real estate
  • Resources
    • Audit Report
    • Annual Report
    • Publications
    • Laws and Regulations
  • More
    • News and Media
    • Gallery
    • Career
    • Contact Us
qt=q_95

Akobo secures funds to advance Segele

  • August 13, 2025
  • Dagmawi Zeleke

Akobo secures funds to advance Segele

The investment highlights Akobo Minerals as a significant player in Ethiopia’s mining industry

Gold producer and exploration company Akobo Minerals has secured an investment from Ethiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia. EIH will obtain a 7.4% ownership stake in Akobo through the subscription of 15,000,000 new shares in a private placement towards EIH, at a subscription price per share of USD 0.20, raising total gross proceeds of USD 3,000,000.

The funds will be used to enable construction of a new vertical shaft that is expected to significantly increase monthly production from 5–10 kg to 50–80 kg at the Segele gold project. The investment underscores Ethiopia’s commitment to integrating with global financial markets and highlights Akobo Minerals as a significant player in the country’s mining industry.

Jørgen Evjen, CEO of Akobo Minerals, stated: “We are honoured to be the first international company selected for investment by Ethiopian Investment Holdings. This milestone validates the strength of our Segele project and the confidence in our long-term vision. As the initiator of this investment opportunity, we are also proud to be paving the way for all Ethiopian investors to participate in supporting their own industry.

Read More

Post Views: 30

Share:

More Posts

Ethiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo Minerals

Ethiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo Minerals Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has made its

News: Ethiopia’s Sovereign Fund makes first international investment in Akobo minerals

Addis Abeba – Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and boutique mining company, Ethiopia’s Sovereign Wealth Fund, Ethiopian Investment Holdings (EIH), has made its first-ever international

Ethiopia’s Investment Holding Secures First Overseas Stake in $3M Akobo Minerals Investment

OSLO / ADDIS ABABA — August 11, 2025 — In a historic move signaling Ethiopia’s growing integration into global capital markets, Ethiopian Investment Holdings (EIH), the country’s

Ethiopian Investment Holdings Acquire Stake in Gold Producer Akobo Minerals

Ethiopian Investment Holdings Acquire Stake in Gold Producer Akobo Minerals August 11, 2025 Ethiopian Investment Holdings (EIH), nation’s sovereign fund, makes its first international investment,

PrevPreviousNews: Ethiopia’s Sovereign Fund makes first international investment in Akobo minerals
NextEthiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo MineralsNext

Ethiopian Investment Holdings

Quick Links

  • Home
  • About Us
  • Investment
  • Portfolio
  • Contact Us

Contact

+251(0)111 70 45 40

info@eih.et

General Winget St, Hilcoe Building 5th floor, Addis Ababa ,Ethiopia

Copyright © 2025 All Right Reserved