DEAP Capital Management & Trust Plc (DEAP Capital) has formally executed a Memorandum of Understanding (MoU) 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.
DEAP Capital Management & Trust Plc expects that this initiative will significantly enhance its market relevance, improve shareholder value, and contribute meaningfully to the development of sustainable and bankable mineral projects across Africa.
This milestone follows the successful execution of the MoU between DEAP Capital and Banklink Africa Fund II – one of Banklink Africa Private Equities Limited funds; thereby establishing a strategic investment framework to strengthen the Company’s capital base and support its long-term growth objectives.
The proposed investment structures are intended to facilitate the resuscitation and repositioning of DEAP Capital as a functional, resilient, and profitable investment banking boutique with a clear sector focus.
This MOU will trigger fresh capital injection into DEAP Capital, enhance its institutional capacity building and strategic alignment, thus, positioning DEAP Capital to play leading role in capital mobilisation for mineral projects, structuring innovative financing solutions, and unlocking emerging opportunities within the Nigerian and broader African financial markets.
Commenting on the development, Anthony Adigwe, CEO, DEAP Capital, stated, “This MOU, which positions us as a sector focused, non-bank financial institution represents a defining moment for DEAP Capital going forward”.
The Company noted that the strategic investment discussions currently underway leading to a binding MoU are designed to support its operational revitalisation, strengthen governance and execution capabilities, and enable DEAP Capital to scale its activities across priority sectors, including minerals and mining, metals trading and project finance.
Commenting on the MOU, Israel Ovirih, Chair of Banklink Africa stated “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”.