AfDB Funds SA Titanium Project with US$75 Million – Windhoek Observer

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 […]

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…