Norway, Aug. 11 -- Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer, proudly announces a historic investment from Ethiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia. EIH will obtain a 7.4% ownership stake in Akobo Minerals through the subscription of 15,000,000 new shares in a private placement towards EIH, at a subscription price per share of USD 0.20, raising total gross proceeds of USD 3,000,000. This marks the first time Ethiopia's sovereign fund has invested in an international company. The funds will be used to enable construction of a new vertical shaft that is expected to significantly increase monthly production from 5-10 kg to 50-80 kg.This landmark investment underscores Ethiopia's commi...