The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) has announced a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).
A news report from Afircan Press Organisation (APO) Group circulated on behalf of the merchandize trade bank indicated that the latest investment underscored its commitment to supporting Africa’s mining sector and ensuring the continent’s vast mineral wealth becomes a catalyst for sustainable economic growth rather than a source of continued resource dependency.
With over a decade of successful mining ventures, the A2MP currently operates a robust pipeline of twelve mineral assets and four processing hubs, with a diversified portfolio spanning nine countries on the continent, has evolved into a diversified pan-African platform focused on mining and processing and aims to unlock and scale minerals and metals value chains sustainably across the continent.
According to the news report, the footprint places A2MP at the forefront of efforts to develop integrated minerals and metals value chains, unlocking new pathways for Africa’s industrial growth and global market integration — particularly at a time when the industry faces mounting challenges from the depletion of high-grade and easily accessible ore reserves.
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A2MP brings together a diversified portfolio of leading mining assets and operating companies across multiple mineral classes, including gold, bauxite and alumina, manganese, iron ore amongst others. A2MP will also develop additional processing hubs, including those for rare earths, battery precursors, and other critical minerals, to strengthen value addition across the continent.
Commenting on the latest investment initiative, the new President and Chairman of the Board of Directors of Afreximbank and FEDA, Dr. George Elombi, said: “We are pleased to have successfully closed this investment in Africa Minerals and Metals Processing Platform (A2MP), which aligns with our broad vision to change the structure of Africa’s trade and economy. With this investment, Afreximbank is helping the continent transition structurally from raw-material exports to a fully integrated system of mining and local manufacturing.
“Our investment in the platform will scale local processing capacity and build the infrastructure needed for value addition across multiple mineral classes. A2MP’s integrated platform ensures that a greater share of the continent’s mineral wealth is retained within African economies, enabling the creation of competitive industrial clusters and high-value jobs”, the banker added.
In his remarks, Founder of A2MP Gagan Gupta, explained: “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”, Gupta stressed.
Similarly, the CEO of FEDA, Marlene Ngoyi, clarified: “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”, the expert assured.
