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

Afreximbank said the investment underscores 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.

A2MP has over a decade of successful mining ventures and has evolved into a diversified pan-African platform focused on mining and processing. The platform currently operates a pipeline of 12 mineral assets and four processing hubs, with a diversified portfolio spanning nine countries on the continent.

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.