- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:17 05:37 12:18 15:45 18:54 20:14
From left to right) Gary King, Non-Executive Chairman, Safa Afrique; Casey Hetman - Principal Consultant SRK Exploration; Cliff Fox - Co-Founder Citigate International; Jay Adedayo – Chief Operating Officer, Citigate Commodities Trading; Tohib Iyiola – CEO-Citigate International; Andrew Whitmarsh – Director Citigate Commodities Trading; Shafaat Hashmi – Vice President Brandbeat Advertising & Communications; and Raed AlKhars – CEO- International Investment Real Estate, announce the deal (Supplied)
Citigate Commodities Trading Limited, a Dubai-based company, has acquired and launched a 79.9 square kilometre diamond mine in Sierra Leone.
“We have achieved our first milestone towards our vision by launching the ‘Safa Afrique’ diamond mining project. Our vision is to bridge the gap between the GCC and African region to capitalize on the natural resources sector and this is the first step towards our success,” said Citigate International CEO Tohib Iyiola.
He added: “Our aim is to introduce new investment vehicles which can assist investors from the GCC to participate in the vast natural resources and mineral reserves in Africa. We have made it secure, flexible and transparent by introducing an investment proposition with an income guarantee backed by a bank.
“We are providing investors a platform to access the emerging market of diamond mining industry in West Africa through Citigate International Investment Trust. It is an industry which has a track record of exponential growth”.
The parent company of Citigate Commodities is Citigate International which has also launched the Citigate International Investment Trust domiciled in Hong Kong. The key strategic affiliates for the Safa Afrique project includes Noor Bank and SRK Exploration.
“Safa Afrique is an initiative created to serve as a synergy the finance and natural resources sector for capital appreciation purposes and an opportunity to diversify from the distressed oil and gas industry. Our investment proposition provides diversification to the regular investment portfolios,” he added.
The site of Safa Afrique is located in Koidu, which is home to the third largest diamond, the Star of Sierra Leone. The mining project is neighbouring the largest diamond mine of West Africa which provides a competitive edge to the project.
Moreover, the initial exploration survey report by the world’s leading firm SRK Exploration has expressed their confidence in the project during their geological survey.
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