Danakali secures US$50 million investment from Africa Finance Corporation

ERITREA – Danakali, a company developing the Colluli Potash Project, has secured a further US$50 million investment from its ally Africa Finance Corporation (AFC), which will allow it to speed up development of its world-class Colluli Sulphate of Project (SOP) in Eritrea.  The company has entered into a subscription agreement with AFC for a placement of fully paid ordinary shares to raise the funds needed to begin production of SOP, a premium grade fertilizer, in 2022. Upon the placement’s completion, AFC will hold 32% of Danakali, granting the company’s rights…

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