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General mining & base metals

KEFI Gold strengthens board with new non-exec

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it had appointed Ethiopian businessman Addis Alemayehou as an independent non-executive.

Alemayehou, who is based in Ethiopia, is the chairman of Kazana Group, a diversified investment firm well-known in the country for starting Kana TV, the country's first dubbed television station; Afro FM, Ethiopia's inaugural English-language radio station; and 251 Communications, said KEFI.

He is also a board member in Ethiopia for Dangote Industries, the largest cement producer in Africa.

Harry Adams, KEFI'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."

Alemayehou will join the board after the AGM on 22 July.

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