KEFI Gold and Copper plc (LON:KEFI), a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, has announced the appointment of Addis Alemayehou as an independent Non-executive Director of the Company with effect from the closing of the Company’s Annual General Meeting to be held on 22 July 2024.
Mr. Addis Alemayehou, who is based in Ethiopia, is the Chairman of Kazana Group, a diversified investment firm dedicated to early-stage, high-impact, tech-driven, and climate-smart initiatives, aiming to generate mass employment in Africa. Mr. Alemayehou is well known for having launched ventures in Ethiopia such as Kana TV, the country’s first dubbed television station; Afro FM, Ethiopia’s inaugural English-language radio station; and 251 Communications, a leading Ethiopian communications company. He also provides advisory services to global institutions on overseeing investments in East Africa and in assessing opportunities, and is a Board member in Ethiopia for Dangote Industries, the largest cement producer in Africa.
Harry Anagnostaras-Adams, KEFI Gold and Copper’s Executive Chairman commented:
“I am delighted that Addis will be joining the KEFI Board. His experience and relationships in Ethiopia will be invaluable as we advance our high-grade Tulu Kapi Gold Project. Addis’ appointment is also part of our ongoing commitment to have local participation in both management and financing at all levels of our projects.”
Following Addis Alemayehou’s appointment and the planned retirement of Mark Tyler as a non-executive director of the Company at the conclusion of the AGM, the KEFI Board will comprise: Harry Anagnostaras-Adams (Executive Chairman), John Leach (Finance Director), Addis Alemayehou (Non-Executive Director), Alistair Clark (Non-Executive Director) and Richard Robinson (Non-Executive Director).
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Addis Alemayehou, aged 53:
| Current Directorships | Directorships held in the past 5 years |
| Tow Five One Communications and Marketing plc | Arada Communications |
| 251 Communications |
Mr. Alemayehou holds no ordinary shares in the capital of the Company.
Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.
