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

  • August 13, 2025
  • Dagmawi Zeleke

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 first-ever international investment by acquiring a stake in Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer listed on Euronext and Frankfurt Stock Exchange.

Under the agreement, EIH will subscribe to 15 million new shares at USD 0.20 each, securing a 7.4% ownership stake and raising USD 3 million for Akobo Minerals. The funding will support the construction of a new vertical shaft at the company’s Segele gold project, expected to increase monthly gold production from 5–10 kg to 50–80 kg.

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