FBN UK, ABSA, and AFC Partner to Boost DRC’s Global Copper Market Position with Kamoa Mine Financing
A strategic partnership involving FBN UK, ABSA, and the Africa Finance Corporation (AFC) has been formed to syndicate financing for the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC).
This collaboration aims to enhance the DRC’s standing in the global copper market.
Mustafa Rawji, CEO of Rawbank, expressed pride in the partnership, stating, “AFC is a benchmark institution in Africa. We are proud to have them as partners in creating a Congolese copper champion.”
The Kamoa-Kakula complex is renowned for its high performance and low carbon footprint. The financing will support the mine’s production capacity expansion and contribute to the ecological transition through the production of power cables.
This project exemplifies sustainable development and social responsibility, generating local jobs and significantly boosting the DRC’s economy.
With AFC’s involvement, the partnership is committed to promoting sustainable economic growth and positioning Africa as a leader in the global mining industry.
The Kamoa-Kakula copper complex is poised to become a key player in the global copper market, thanks to this significant financial backing.
Source: CopperbeltKatangaMining
