Final funding gears into motion at one of Ethiopia’s most advanced gold projects

A project nearly two decades in the making is now edging into its most pivotal phase. In a region long considered complex for large-scale mining development, one company’s methodical progress now signals a turning point in how capital, control, and community are being synchronised to bring latent value to the surface.

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KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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Written by: Amilia Stone

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KEFI Gold and Copper plc

Latest Company News

KEFI outlines development progress and Board changes at AGM

June 30, 2026

KEFI reported progress at Tulu Kapi and in Saudi Arabia, alongside shareholder resolutions, financing plans and board changes at its AGM.

KEFI advances Tulu Kapi development ahead of Main Market move

June 30, 2026

KEFI Gold and Copper says its Tulu Kapi gold project in Ethiopia remains on schedule, with first production targeted for mid-2028, while the company seeks shareholder approval to raise borrowing capacity for project finance. The AGM update also highlighted progress in Saudi Arabia, a planned Main Market move by end-2026, and board changes including new director Maleda Bisrat.

KEFI moves Tulu Kapi closer to operational readiness

June 26, 2026

KEFI has signed a US$400 million mining services contract with BCM Group for its Tulu Kapi Gold Project in Ethiopia, covering mining fleet supply, local operator training and full mining operations.