FEDA Invests $300m to Accelerate Value-Addition in Africa’s Mining Sector
FEDA, the development-equity arm of Afreximbank, has announced a $300 million investment in the Africa Minerals and Metals Processing Platform (A2MP), a fast-growing initiative designed to boost mineral beneficiation and industrial capacity across the continent.
The investment, reported recently by several Nigerian news outlets, is one of the largest commitments targeted at Africa’s mineral value-addition sector.
A2MP currently manages a broad portfolio that includes 12 mineral assets and four processing hubs spread across multiple African countries.
These assets cut across gold, bauxite, manganese, iron ore and other industrial minerals. With FEDA’s funding, the platform plans to expand its reach by developing additional facilities for critical minerals, including battery-precursor minerals and rare earth elements—materials now in high demand globally for electric vehicles, technology manufacturing and renewable-energy components.
According to Afreximbank, the goal is to reposition Africa from a raw-material supplier to a competitive processing and industrial hub. A senior official was quoted saying, “This investment is a decisive step toward keeping more value on the continent”.
Africa must not remain a source of raw minerals; it must become a global centre for processing and industrial transformation.” This reflects a growing push to strengthen local industries, create jobs and reduce the continent’s dependence on commodity exports.
For Nigeria, which has been pushing reforms in the solid-minerals sector, the investment aligns with national efforts to attract funding, build processing plants and integrate mineral value chains.
Overall, the FEDA–A2MP deal signals a long-term shift toward sustainable mineral development and stronger industrial capacity across Africa.
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