EIB Global backs sustainable critical raw material projects in Africa
Luxembourg, Feb. 11 -- EIB Global, the European Investment Bank's arm for international partnerships and development finance, has signed cooperation agreements with two companies in Africa's critical raw materials (CRM) sector: Andrada Mining and EcoGraf. The agreements provide for up to €2 million in technical assistance to each company to help them move key projects from feasibility-stage towards investment readiness. This operation is in line with the EU Global Gateway strategy of investments in critical infrastructures and value chains.Andrada Mining Limited operates a critical metals project in Namibia. Building on the company's existing operation, the technical assistance will provide project development support for the expansio...
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