DEAP Capital targets capital boost, minerals financing

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.