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

  • August 12, 2025
  • Dagmawi Zeleke

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 sovereign wealth fund, has taken its first-ever equity stake in an international company — investing USD 3 million in Scandinavian-based gold producer Akobo Minerals AB (Euronext and Frankfurt: AKOBO; OTC: AKOBF).

The deal, announced Monday, involves a private placement of 15 million new shares at USD 0.20 per share, giving EIH a 7.4% ownership stake. The capital will be used to accelerate the development of Akobo’s high-grade Segele gold mine in western Ethiopia, including the construction of a vertical shaft that is expected to boost monthly output five- to eightfold, from 5–10 kilograms to 50–80 kilograms.

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