• FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity

• Funds target rare earths, bauxite, manganese for green tech and batteries

• Investment to create jobs, support industrialization, and expand local value chains
  

The Fund for Export Development in Africa (FEDA), the investment arm of the African Export-Import Bank (Afreximbank), announced on Tuesday, November 12, 2025, a 300 million dollar strategic investment. The funding will go to the African Minerals and Metals Processing Platform (A2MP), a company focused on mineral extraction and processing.

The investment aims to strengthen local capacity for processing, value creation and industrial development around Africa’s natural resources. A2MP plans to expand into new markets and develop processing facilities for rare earths, manganese, bauxite and other critical minerals used in battery manufacturing and green technologies.

Boosting Local Processing Capacity

A2MP founder Gagan Gupta said the partnership represents a major boost for the continent’s industrialization efforts. “This investment allows us to scale our integrated model of responsible extraction, processing and refining while accelerating the growth of high-value local industries across the continent,” he said. “Our ambition is to make A2MP a pillar of Africa’s next industrial revolution, creating thousands of jobs and delivering long-term benefits for communities.”

Afreximbank President Dr. George Elombi said the investment will generate thousands of direct and indirect jobs, support the transfer of technical know-how and stimulate the growth of local industries. “Our support for the platform will expand local processing capacity and help build the infrastructure required to upgrade a wide range of mineral resources,” he added.

The new capital injection follows several recent transactions between FEDA and companies founded by Gupta, the Indian billionaire who has become a key figure in African industrial development. In October 2024, Arise IP, one of his main groups, secured 300 million dollars in financing to support intra-African trade and job creation. More recently, Spiro, a startup specializing in electric two-wheelers, received 75 million dollars to accelerate its growth and expand its network of battery-swapping stations across Africa.

Sandrine Gaingne