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Akobo appoints Norwegian bank to help with Segele financing

11th March 2022

By: Marleny Arnoldi

Online News Editor

     

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Exploration company Akobo Minerals has appointed Norwegian investment bank SpareBank1 Markets to advise on project financing for the company’s Segele project, in Ethiopia.

SpareBank will work closely with Akobo to explore relevant funding opportunities, including equity, bank debt and offtake agreements.

As soon as financing is in place, Akobo will build a small-scale plant for initial gold production before the end of the year.

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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