EcoGraf Partners with NMB Bank for Epanko Project Compensation

EcoGraf Limited has appointed NMB Bank Plc to manage compensation payments for Project Affected Persons (PAPs) under the Resettlement Action Plan for the Epanko Graphite Project in Tanzania. The partnership signals a commitment to financial literacy training and secure payment processes.

The collaboration with NMB Bank, a leading Tanzanian institution, enables early compensation works for the Mine Access Road, establishing a foundation for future construction logistics. This crucial step reduces risks linked to weather constraints and strengthens the project's financial alignment with IFC standards and Equator Principles.

Compensation will be managed directly through bank accounts set up for PAPs, ensuring transparency. Financial literacy programs will be conducted to empower affected individuals in managing their funds.

EcoGraf's progress on the Mine Access Road exemplifies proactive steps towards project execution and reinforces its confidence in the Epanko Project's future.