The Ethiopian government plans to invest between US$15 million and US$20 million to secure a 20% to 25% equity interest in But despite strong support for the project from Addis Ababa, KEFI has struggled to attract financing for Tulu Kapi amid a declining gold price and investors' reticence to fund junior miners. Under the terms of the deal, the state will gain control of up to 30% of the project, including the government's pre-existing 5% free carried-interest.
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