US EditionAfDB Funds SA Titanium Project with US$75 Million – Windhoek Observer
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AfDB funds SA titanium project with US$75 million – Windhoek Observer
Staff Writer The board of directors of the African Development Bank Group has approved US$75 million in financing to support South Africa-based Nyanza Light Metals Pty Ltd (Nyanza) in advancing Africa’s industrialisation through local value addition to its titanium mineral resources. Titanium dioxide is a key pigment used in paints, coatings, food processing, cosmetics, and medical products. Despite strong demand, manufacturers in South Africa an
South Africa to host Africa’s first large-scale Titanium Dioxide Plant under $75 Million AfDB Deal
South Africa’s push to industrialize its mineral wealth has gained new momentum with the African Development Bank’s (AfDB) approval of a $75 million financing package for Nyanza Light Metals (Pty) Ltd., a titanium dioxide processing company based in Richards Bay. The funding, part of a broader syndicated facility involving the Africa Finance Corporation and the […]
South Africa is preparing to host the continent's first large titanium dioxide production plant. It is an industrial project supported by the African Development Bank (ADB) to the tune of 75 million dollars, which marks a major step forward in Africa's industrialisation strategy and its quest for productive autonomy.
Donovan Chimhandamba gets $75 million AfDB funding
Sandton-based titanium firm Nyanza Light Metals, led by South African businessman Donovan Chimhandamba, has secured $75 million in financing from the African Development Bank Group (AfDB) as it moves to scale up titanium-processing operations and advance industrial growth in Africa.The financing package includes $25 million from the Africa Growing Together Fund (AGTF), a co-financing initiative between the African Development Bank and the People…
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