DEAP Capital Secures ₦1 Billion Capital Injection from Banklink Africa
DEAP Capital Management & Trust Plc has secured a ₦1.0 billion fresh capital injection from Banklink Africa Private Equities Limited, marking a pivotal moment in the company’s ongoing recapitalisation and strategic transformation drive.
The investment represents the first tranche of a broader ₦6.0 billion equity commitment agreed with Banklink Africa and its partners under a Memorandum of Understanding (MoU signed in December 2025). The second tranche of ₦5.0 billion is expected to be completed post the company’s Annual General Meeting scheduled for March 10, 2026, subject to shareholder approval and regulatory compliance.
Executives from both firms formalised the transaction at a signing ceremony held on February 9, 2026, at the Marriott Hotel in Ikeja, Lagos, underscoring shared confidence in the strategic partnership’s long-term potential.
Strategic Imperatives and Future Focus
DEAP Capital’s leadership says the fresh equity will strengthen its capital base, facilitate operational restructuring, and support its ambitions to emerge as a leading private-sector mineral finance institution across Africa. The company is positioning itself to channel private capital into critical minerals and rare earth sectors, which are increasingly central to global energy transition and industrial value chains.
Chairman Dr. Kenneth Olise highlighted the strategic significance of the Banklink Africa investment, noting the rising global demand for critical minerals and Africa’s potential role in meeting that demand. Banklink Africa’s Chairman Dr. Israel Ovirih echoed this, framing the partnership as a means to empower African entities in the minerals ecosystem.
Market and Regulatory Context
The injection also comes at a time when DEAP Capital has sought to bolster its regulatory standing, including meeting recapitalisation requirements for a Tier 1 Issuing House licence with the Securities and Exchange Commission (SEC). Strengthening its capital position is viewed as critical for sustainable growth and investor confidence.
With this equity boost, DEAP Capital aims not just to stabilise its balance sheet but also to expand its footprint in key financing markets across Nigeria and beyond.
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