The Fund for Export Development in Africa (FEDA), the development equity investment arm of the African Export-Import Bank (Afreximbank), has announced a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).

The investment represents a major step toward Afreximbank’s goal of transforming Africa’s mining sector from one dominated by raw material exports into a hub for value-added mineral processing and manufacturing.

A2MP, established after over a decade of successful mining operations, operates as a pan-African platform dedicated to sustainable mining and processing. The company currently manages 12 mineral assets and four processing hubs across nine African countries, covering commodities such as gold, bauxite, manganese, and iron ore. Plans are also underway to develop additional facilities for rare earths, battery precursors, and other critical minerals — key materials for the global energy transition.

Afreximbank and FEDA’s investment aims to scale Africa’s local processing capacity, reduce dependency on raw exports, and enable the creation of industrial clusters and high-value jobs. The move comes as the global mining industry faces growing concerns over the depletion of easily accessible ore reserves and the need for sustainable value-chain integration.

Gagan Gupta, Founder of A2MP, described the partnership as “a bold affirmation of Africa’s potential to lead the global value chain in minerals and metals.” He added that the collaboration will accelerate A2MP’s goal of building “a fully integrated model of responsible extraction, processing, and transformation.”

Marlene Ngoyi, CEO of FEDA, emphasised that A2MP embodies the type of transformative, value-retentive investment that supports Africa’s industrialisation ambitions.

The partnership positions A2MP as a key driver of Africa’s next industrial revolution, supporting long-term sustainability, local manufacturing, and inclusive economic growth.