Ethiopia has secured $340 million in financing to develop the Tulu Kapi gold project, a move officials say could position the country as a major force in Africa’s gold industry. Backed by a mix of long-term debt and equity, the project is expected to enter commercial production in 2027, with annual output projected at 164,000 ounces of gold. The investment is part of a broader push by the Ethiopian government to leverage mining as a strategic pillar for foreign currency earnings and long-term economic growth.
Source: @businessinsiderssa
