KEFI Gold and Copper (LSE:KEFI) has announced changes to its board ahead of the next stage in the development of the Tulu Kapi Gold Project, appointing Ethiopian executive Maleda Bisrat as an independent non-executive director and promoting existing non-executive director Alistair Clark to senior independent director and deputy chairman following the company’s annual general meeting. The appointments come after the retirement of long-serving non-executive director Richard Robinson and are designed to enhance governance as KEFI enters what it expects to be a transformational period.
New appointments strengthen governance
Bisrat brings significant experience across Ethiopia’s public and private sectors, including expertise in economic reform, investment promotion and financial market development. Her appointment is expected to strengthen KEFI’s stakeholder engagement and support the company’s operations in Ethiopia as development of the Tulu Kapi project advances.
Clark will continue to chair the remuneration committee while remaining a member of the audit and financial risk committee. In his expanded leadership role, he is expected to provide additional oversight as KEFI executes its long-term growth strategy and progresses towards production at Tulu Kapi.
Outlook
KEFI’s outlook continues to be constrained by the absence of revenue, a larger loss reported during 2025 and increasing cash outflows. Technical indicators also remain weak, with the shares trading in a sustained downtrend and showing negative momentum, although oversold conditions provide some support. Valuation remains difficult to justify while the company continues to report losses and does not currently offer a dividend.
More about KEFI Gold and Copper
KEFI Gold and Copper plc is an AIM-listed exploration and development company focused on gold and copper projects in Ethiopia and Saudi Arabia. Its flagship asset is the Tulu Kapi Gold Project in Ethiopia, which is progressing towards production as part of the company’s strategy to develop mineral resources in high-potential emerging markets.
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