Ethiopia: International Investors Encouraged by Lifting of Emergency LawAugust 7, 2017 - After the Ethiopian government lifted the state of emergency, international investors are showing better interest to invest in Ethiopia. According to Kefi Minerals PLC, its shares rose on Monday after the Ethiopian government lifted a state of emergency after 10 months. With a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.72 million ounces of gold, KEFI is advancing the Tulu Kapi Gold Project in Western Ethiopia towards development. The Tulu Kapi Mining Agreement between the Ethiopian Government and KEFI was formalised in April 2015. The state of emergency was lifted following a vote by Ethiopia's parliament last Friday after it was imposed in October 2016 to crush anti-government protests.

Source: Ethiopian News August 07, 2017 09:56 UTC