DEAP Capital Management & Trust Plc has announced a strategic partnership aimed at establishing a minerals and metals financing initiative across Africa, marking a significant expansion of the investment banking firm’s operations into the continent’s growing critical minerals sector, news.ng reports.
The company signed a Memorandum of Understanding with Banklink Africa Fund II, a fund managed by Banklink Africa Private Equities Limited, to provide specialized financing, advisory, and capital structuring solutions to operators in the critical minerals ecosystem.
In a notice made available on the Nigerian Exchange Limited (NGX) website Tuesday, the initiative is designed to support Africa’s participation in global supply chains tied to digitization, energy transition, industrial manufacturing, and advanced technologies.
The partnership will inject fresh capital into DEAP Capital while enhancing its institutional capacity, positioning the firm to mobilize capital for mineral projects and structure innovative financing solutions across Nigerian and broader African financial markets.
“This MOU, which positions us as a sector focused, non-bank financial institution represents a defining moment for DEAP Capital going forward,” said Anthony Adigwe, CEO of DEAP Capital.
The proposed investment framework is intended to facilitate DEAP Capital’s transformation into what the company describes as a functional, resilient, and profitable investment banking boutique with clear sector focus.
The partnership will support operational revitalization, strengthen governance and execution capabilities, and enable the firm to scale activities across priority sectors including minerals and mining, metals trading, and project finance.
Dr. Israel Ovirih, Chair of Banklink Africa, expressed enthusiasm about the partnership’s potential impact: “We are super excited, as the MOU opens a new vista for African businesses in the metals and minerals space to access global capital effortlessly.”
DEAP Capital expects the initiative will enhance its market relevance, improve shareholder value, and contribute to the development of sustainable and bankable mineral projects across Africa as global demand for critical minerals continues to accelerate.
