DEAP Capital Management & Trust Plc has announced the execution of a Memorandum of Understanding aimed at strengthening its capital base and enabling the commencement of a minerals and metals financing initiative across Africa.
In a statement filed on the Nigerian Exchange Limited by the Company Secretary, Osammor Otiono & Co, on Tuesday, it was noted that the MoU provides a framework for DEAP Capital to offer financing, advisory and capital structuring solutions to operators across the minerals and metals value chain, supporting Africa’s participation in global supply chains linked to digitisation, energy transition, industrial manufacturing and advanced technologies.
The initiative follows the execution of an MoU between DEAP Capital and Banklink Africa Fund II, a fund managed by Banklink Africa Private Equities Limited. The agreement establishes a strategic investment framework designed to support the company’s capitalisation and long-term growth objectives.
“DEAP Capital Management & Trust Plc has formally announced the execution of a Memorandum of Understanding which would enable the commencement of the Minerals and Metals Financing initiative across Africa. The initiative is aimed at providing bespoke financing, advisory, and capital structuring solutions to operators across the critical minerals’ ecosystem, supporting Africa’s role in global supply chains linked to digitisation, energy transition, industrial manufacturing, and advanced technologies.”
According to the company, the proposed investment structures are expected to facilitate the resuscitation and repositioning of DEAP Capital as a sector-focused, non-bank financial institution, with emphasis on minerals and mining, metals trading and project finance.
The MoU is expected to lead to fresh capital injection into the company, enhance institutional capacity and strengthen governance and execution capabilities, positioning DEAP Capital to play a role in capital mobilisation for mineral projects in Nigeria and across Africa.
Commenting on the development, the chief executive officer of DEAP Capital, Anthony Adigwe, said the MoU marks a defining phase for the company’s future as a sector-focused non-bank financial institution.
Also commenting, the Chairman of Banklink Africa, Dr Israel Ovirih, said the MoU would improve access to global capital for African businesses operating in the minerals and metals space.
DEAP Capital said the initiative is expected to improve shareholder value and support the development of sustainable and bankable mineral projects across the continent.
