Fund for Export Development in Africa signs mining investment
FEDA has announced a $300 million investment in the Africa Minerals and Metals Processing Platform.
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The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), has announced a $300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).
A2MP is a diversified pan-African platform focused on mining and processing. It currently operates a pipeline of 12 mineral assets and four processing hubs, spanning nine countries on the continent.
Gagan Gupta, founder of A2MP, commented: “FEDA and Afreximbank’s support marks a pivotal moment for Africa’s industrial journey. It’s more than a financial partnership; it is a bold affirmation of Africa’s potential to lead the global value chain in minerals and metals. This strategic investment allows us to scale our fully integrated model of responsible extraction, processing, and transformation while accelerating the creation of high-value local industries across Africa. Our ambition is to make A2MP the backbone of the continent’s next industrial revolution, create thousands of jobs, and deliver lasting impact for communities. With FEDA and Afreximbank as key partners, we are confident in our ability to shift global perceptions of Africa, from a resource-rich continent to a processing and manufacturing powerhouse.”
Marlene Ngoyi, CEO of FEDA, noted: “Our investment in A2MP embodies the type of transformative investment that aligns perfectly with our vision for Africa’s mining future. The platform’s model is built on retaining beneficiation and processing within the continent, ensuring that the real economic value of Africa’s mineral wealth is captured locally. By offering diversified exposure across a broad range of strategic minerals, A2MP stands out as a unique platform capable of building depth across critical value chains while providing resilience and sustainability.”
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