Jul 20 , 2025
The London-listed KEFI Gold & Copper has initiated the community resettlement process for their Tulu Kapi gold project found in the West Welega Zone. Funded from KEFI's own reserves ahead of broader project financing, underscoring the urgency to commence full development. Resettlement is being implemented by the Ethiopian government under World Bank standards. The announcement was made during a mining forum held at the Ethiopian Embassy in London, which was co-hosted by the British Embassy in Addis Abeba and KEFI. During the forum, KEFI confirmed that it has met all three key preconditions: security, foreign exchange exemptions, and parliamentary ratifications. Gold production is targeted to begin in 2027. With new access roads, security camps, and financing deals nearing finalisation by August, the project is reported to be moving faster than expected.
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