Ethiopia's Sovereign Fund Makes First International Investment in Akobo Minerals

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 investment, acquiring a 7.4% stake in Scandinavian-based Ethiopian gold producer Akobo Minerals, according to Akobo.

Ethiopian Investment Holdings Acquire Stake in Gold Producer Akobo Minerals – Ethiopian Monitor

This marks the first time Ethiopia’s sovereign fund has invested in an international company. Ethiopian Investment Holdings (EIH), nation’s sovereign fund, makes its first international investment, buying stakes in a Scandinavian-based gold producer Akobo Minerals AB [Euronext and Frankfurt Stock: AKOBO] [OTC: AKOBF]. The investment holdings and the mining company jointly announced the acquisition today, stating: “EIH will obtain a 7.4% ownershi…

Akobo Minerals secures Ethiopian Sovereign Fund’s first international investment

Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) (OTC: AKOBF), a Scandinavian-based Ethiopian gold producer, proudly announces a historic investment from Ethiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia. EIH will obtain a 7.4% ownership stake in Akobo Minerals 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 gro…