The Export Development Fund in Africa (FEDA) announced a strategic investment of 300 million US dollars in favor of the African Mineral Processing Platform and of metals [Africa Minerals and Metals Processing Platform (A2MP)].

Investment granted by the Bank branch African Import-Export (Afreximbank) highlights the institution's commitment to supporting the African mining sector and to so that this vast mineral wealth of the continent becomes a catalyst sustainable economic growth rather than a source of continued dependence to resources. With over a decade of success in the mining sector, the A2MP is now a diversified pan-African platform, focused on the extraction and processing of minerals. It aims to unlock and sustainably develop mineral and metal value chains on the whole continent. The A2MP currently has a solid portfolio comprising twelve mining assets and four processing centers, with a diversified presence in more than eleven countries on the continent.

This platform brings together a diversified portfolio of leading mining assets and operating companies in several mineral categories, including gold, bauxite and alumina, manganese, iron ore and precious stones. The A2MP will also develop additional treatment centers, including for rare earths, precursors of batteries and other essential minerals, in order to strengthen the added value on the continent.

In addition, the Fund of Development of Exports in Africa (“FEDA”) is the subsidiary Afreximbank impact investment, created to provide equity, virtual equity and debt capital in order to finance the financing gap of several billions of dollars (especially in equity) needed to transform the trade sector in Africa. FEDA is pursuing a strategy multi-sector investment along the trade value chain intra-African, the development of value-added exports and the manufacturing, which includes financial services, technology, goods of consumer and retail, manufacturing, transport and logistics, agro-industry, as well as ancillary support infrastructures to commerce, such as industrial parks. To date, FEDA has invested more of 1.3 billion dollars in businesses and projects under of its various fund initiatives, in sectors such as industry manufacturing, agri-food, financial services, health care and pharmaceutical products, among others.