Marula Mining Secures €6M Debt Facility and £1M Loan, Advances Middle East Investment Talks
Marula Mining PLC has announced a series of financing developments aimed at supporting its growth and project pipeline.
The company’s Kenyan subsidiary has finalized a €6 million structured debt facility with a US-based investment banking group. The facility carries an interest rate of the European Central Bank’s marginal lending facility rate plus 1%, and the drawdown process is already underway.
In parallel, negotiations with investment funds backed by a Middle East Sovereign Wealth Fund have progressed, with proposed investments ranging between US$7.5 million and US$10 million for each of up to five projects, representing a significant potential capital injection.
Additionally, Marula has secured a £1,000,000 unsecured, interest-free, non-convertible loan from Gathoni Muchai Investments Limited to support working capital requirements, further strengthening its near-term financial position.
The company said these funding arrangements form part of its strategy to advance multiple projects and expand its operations across Africa.
