cc.web.local

twitter Facebook Linkedin acp Contact Us

An insight into platinum mining

Processing platinum ore into metallic powder is a highly complex task

It requires a huge amount of machinery and energy, and efficiency improvements can result in significant cost savings. Tim Probert visits the recently commissioned Mogalakwena North platinum mine in South Africa to find out how Anglo American has improved output at the largest single stream platinum concentrator in the world.

Platreef ore is tough stuff. Very hard and variable. If it was not the largest source of platinum group metals (PGM) in the world, it would perhaps be better left alone.

The Platreef is part of northern South Africa’s Bushveld Complex, which also contains the Merensky Reef and the Upper Group 2 Reef. Unlike the other reefs, which are narrow, usually less than one metre thick and mined underground, open-pit methods are used to mine the Platreef, which varies between five and 90 m in thickness.Picture_2_of_the_Mogalakwena_Mine_in_Limpopo_province_South_Africa._Copyright_ABB._Feed_silo_and_conveyor_belt

Anglo Platinum has been mining platinum at Mogalakwena, formerly named Potgietersrust, since 1993. Mining Platreef platinum ore at Mogalakwena, 320 km north of Johannesburg, is easy. Daily blasts at the open-cast mine break open the Platreef to extract the ore. Then the hard work of processing this metres-thick rock into millimetres-thin metallic powder begins.

Most of the work is performed at a concentrator, usually sited adjacent to a platinum mine. Concentrating reduces the volume of ore requiring expensive pyrometallurgical processes at the smelters and refineries to separate the individual metals. In order to concentrate the material, the platinum ore is by turn crushed, milled and then chemically treated to separate the precious metals from dust and other waste products.

Other precious metals like gold, copper and nickel talk about concentration in ores in percentages, but for platinum it is in parts per million.  Furthermore, the concentration of platinum, or head grade, in Platreef ore is significantly lower than other South African reefs; it varies anywhere between 2.2 and 3.5 grammes/tonne, compared to the five grammes/tonne typical of the Marensky reef near Rustenburg. Based on a typical conversion rate of 25 per cent, it requires a staggering 40 tonnes of Platreef ore to produce just one ounce of platinum.

New pit and concentrator
In 2006, with the original Sandsloot pit approaching the end of its life, Anglo American, owners of Anglo Platinum, decided to invest in a new pit and concentrator, named Mogalakwena North. Anglo Platinum designed the concentrator to be the world’s largest single stream platinum concentrator, with an ore processing capacity of 600,000 tonnes per month.

In order to achieve such a high capacity with a high-risk, single stream plant, ie all the ore undergoes primary milling and then secondary milling in sequence, Anglo Platinum required some ground-breaking technology. Having suffered throughput problems due to the extreme hardness and variable quality of Platreef ore, Anglo Platinum explored methods to improve its platinum recovery rate and operational efficiency with the new facility at Mogalakwena North.

Picture_3_of_the_Mogalakwena_Mine_Copyright_ABB._Platinum_ore_is_conveyed_from_the_feed_silos_to_the_primary_crusherUltimately, Anglo Platinum decided against the traditional four-stage crushing process used at its other concentrators and instead took the bold decision to replace the third and fourth crushing stages with a high pressure grinding roll (HPGR) crusher. Usually the preserve of copper mining, this was the first time that an HPGR crusher had ever been utilised in platinum mining.

Anglo Platinum claims several other firsts for Mogalakwena North, which was commissioned in 2009. The plant is running between 900 and 1,000 tonnes of ore per hour into the mill, a world best for platinum, according to section engineering manager Natalie Fourie. Mogalakwena North also has the biggest primary gyratory crusher in the world, weighing 480 tonnes with an 18 m diameter and 1 MW motor.

The concentrator also sees the first use by Anglo Platinum of gearless mill drives (GMD), in this instance made by Swiss engineering firm ABB. The drives are powered by a 17.5 MW motor, five times a similarly-sized throughput mill, says Fourie.

At a diameter of eight metres, Mogalakwena North’s GMDs were the largest installed in the world, but they have since been superseded by a 12 m diameter drive in Australia. Mogalakwena North also has the biggest single stream centrifugal blower installation in Africa and the biggest mill discharge pumps in South Africa.

Concentrating process
The freshly-blasted rock is loaded by gigantic hydraulic shovels, again the world’s largest, onto trucks for transport to the primary crusher. All material tipped directly from the trucks into the primary crusher has to be smaller than one square metre. Material from the primary crusher goes through secondary crushing until it is less than 65 mm thick.

From there the ore goes through tertiary crushing via the aforementioned HPGR crusher supplied by ThyssenKrupp Polysius. Unlike normal jaw crushers that strike the rock or cone crushers which rotate, HPGRs utilise two, 100 tonne rolls adorned with studs 25 mm in diameter and 35 mm in length.Picture_of_a_concentrator_at_the_Mogalakwena_Mine_in_Limpopo_province_South_Africa._Primary_mill._Copyright_ABB

The rolls, each powered by a 2.8 MW motor, turn at 20 rpm, with one fixed in position while the other moves horizontally to adjust the gap. The crushing force is exerted hydraulically on the moving roll, with pressurised nitrogen acting as a spring. The initial gap is set to accept the largest particle size in the feed and thereafter the pressure is adjusted hydraulically to maintain interparticle crushing in the area between the rolls.

Fourie said the HPGR is working extremely well. “It gives a very fine product that gives us a lot more flexibility in milling,” she said. “A normal tertiary crusher would not be able to reduce the size of the ore to just eight millimetres.”

Fourie said the novel usage of an HPGR crusher for platinum concentrating has not been without problems. “The HPGR is a highly sophisticated machine that has a great deal of interlocks. When it decides not to play nicely, I have sleepless nights. If the rolls are not exactly parallel or the pressures are not exactly equal, the machine will simply refuse to start up.”

Due to various problems at Mogolakwena North, including frequent ore conveyor belt breakdowns, problems with the GMDs and HPGR crusher, it has taken Anglo Platinum nearly three years to achieve the plant’s stated throughput capacity of 600,000 tonnes per month.

“Few engineers contracted to work with Amplats have experience of GMDs or HPGRs. But if I have a problem with a conveyor belt, I can call 20 people,” said Fourie. “If we have a problem with an HPGR, I have to get hold of the original equipment manufacturer (OEM). As this is the first utilisation of HPGRs with hard rock mining, the OEM is also going through a learning process. It’s a lesson learned for the whole of Anglo American. We now get visitors from Anglo American engineers from around the world to learn how to use an HPGR.”

From the HPGR crusher, the platinum slurry is fed to the GMD, in which steel balls grind the material. The primary milling grind is rated at 55 per cent at <75 microns; the secondary grind is rated at 80 per cent at <75 microns. Grinding the material in this way exposes the platinum and other precious metals so they can react with the reagents in the flotation chamber and disperse into individual materials.

Fourie said the GMD, used for the first time by Anglo Platinum, has been a success. “The flexibility cannot be underestimated,” she said. “As it has fewer mechanical moving parts the mill can be slowed down and sped up like a dimmer switch. It’s proven to be more reliable than standalone motors.”

Crushers_ogalakwenaAgain, however, utilising novel technology has not been without problems. “At the whiff of moisture the motor trips to avoid catastrophic failure,” said Fourie. “We’ve had to make modifications to the outside of the GMD in order to enable exterior washing and reduce the likelihood of slurry clogging.”

After milling, the slurry is then placed in flotation cells for separating via reagents and hot air, while the waste material falls into a trough, ready for disposal.  The valuable concentrate is thickened and then filtered at high pressure to remove water.

Before being transported to Anglo Platinum’s smelter in Polokwane 65 km away, the fine powder is finally put through an IsaMill, which grinds the material to less than 75 microns. By now the ‘finished’ powder has a concentration of 60 grammes/tonne, compared to the three grammes/tonne contained in the freshly-blasted ore.

Mogalakwena North produces 11,000 to 12,000 ounces of platinum per month. Platinum accounts for around 50 per cent of Mogalakwena North’s total output, with palladium accounting for 40 per cent and 10 per cent for all other minerals, including gold, copper, rhodium, ruthenium, iridium, nickel and cobalt.

Power supply problems
It is estimated the HPGR provides Anglo Platinum with an energy saving of 15-20 per cent versus four-stage conventional crushing. When Mogalakwena North alone consumes a colossal 33,000 MWh of electricity per month, this is no small amount.

Fourie said the mine’s power supplies can be highly unstable. South Africa’s state power utility Eskom is contracted to supply 11 kV, but this can occasionally drop to 10.8 kV or increase to 11.2 kV. As concentrators become ever more highly automated, the plant’s equipment is sensitive to fluctuations in power voltage and more likely to trip.

Until it installed voltage ride-through technology that allows the GMDs, which are particularly sensitive to changes in power quality, to keep rotating until they catch up with the power supply, Mogalakwena North suffered six to eight trips per month. Some are unavoidable when the voltage dips too low for the concentrator to keep operating, said Fourie, but it now suffers just two trips per month on average.

In 2008 South Africa was struck by a near two-week blackout, affecting platinum production at Mogalakwena for several days.  Anglo Platinum, which operates 11 mines and nine concentrators in South Africa, had to shut down a number of concentrators in order to give priority to its smelters, which are not easily shut down and restarted. Since 2008 blackouts have not occurred, but Anglo Platinum continues to hold weekly meetings with Eskom to discuss potential power supply problems.

Anglo Platinum has a contract where Eskom must give notice of power outages that may affect platinum production, with financial penalties for failure. Should Eskom reduce Anglo Platinum’s power to 75 per cent of load or lower, it must choose whether to reduce capacity at its concentrators or shut operations completely at designated units. However, because Mogalakwena is an open-cast mine and not as energy-intensive as underground mining, it is able to keep running through power outages unlike others.

Anglo Platinum also has a rolling five-year infrastructure and electricity plan with Eskom, which sets out its future power demand. The miner has to keep within 10 per cent of the agreed demand and so far, says Fourie, the two companies have been aligned in terms of power supply and demand.Picture_of_the_Mogalakwena_Mine_in_Limpopo_province_South_Africa._Copyright_ABB._Stockpile_feed_silo_and_conveyors

Rising input costs
Eskom is to increase electricity prices by 27 per cent in 2012, having imposed a 25 per cent hike the previous year. Having signed an unfavourable deal with BHP Billiton, Eskom is wary of entering into long-term power contracts and Anglo Platinum will be subject to Eskom’s programme of significant price rises in the coming years.

Steel costs have also risen 17 per cent year on year. Fourie said Anglo Platinum will endeavour to stay on a flat unit cost for three years, so it is under considerable pressure to cut costs in other areas.

Yet the input cost rises are making Anglo Platinum more efficient, she said. “You’d think it would be impossible to cope with these increases, but we are managing. We have streamlined our buying to a just-in-time process to reduce warehousing. We have also increased our maintenance intervals where possible in order to reduce contracting costs. We’ve also reduced the volume of reagents used in the flotation process.”

Anglo Platinum plans to produce platinum at the site for at least another 60 years. Eventually the mine’s three pits will all join up. Once this is complete, scheduled for 2020, Mogalakwena will be the largest man-made excavation in the world. Mogalakwena appears to be the jewel in Anglo Platinum’s crown, despite the hardness of Platreef ore.

Tim Probert

Top Stories

Grid List

Sogara set to bolster refining capacity in Gabon (Image source: Adobe Stock)

Energy

Technip Energies has been awarded two front-end engineering design (FEED) contracts by Société Gabonaise de Raffinage (Sogara) for its refinery in Port-Gentil, Gabon

The FEED scope covers both the revamp and the expansion of the existing refinery.

"We are pleased to have been entrusted by Sogara with these two contracts, which reflect our recognised expertise in both brownfield optimisation and complex greenfield project development,” said Loïc Chapuis, president project delivery & services at Technip Energies.

The first contract covers the FEED for debottlenecking Sogara’s existing refinery.

It targets key process units and includes a new kerosene sweetening unit and four new storage facilities.

Technip Energies will ensure full process integration across existing and new units.

The second contract covers the FEED for a new, modularised hydrocracker complex designed to significantly expand refining capacity.

The scope also includes various infrastructure works, including a new marine jetty and offloading facility.

Chapuis said that Technip Energies will leverage its engineering and integration know-how into the projects, including its proprietary Steam Methane Reforming (SMR) technology for hydrogen production.

“The new hydrocracker complex demonstrates our ability to combine engineering excellence, technology integration, and our proprietary SMR hydrogen technology to deliver integrated, high-impact solutions,” Chapuis added.

Both projects are designed to meet Africa 5 fuel quality standards – the continent’s most stringent specifications for sulphur content in transportation fuels – supporting a meaningful reduction in sulphur emissions and improved air quality for local communities.

They will also support Gabon’s economic development and local employment.

“This award reinforces our commitment to modernising refining infrastructure across Africa and creating lasting value for our clients and local communities,” said Chapuis.

Read more:

Power and telecom firms join Mission 300 initiative

Renewable capacity hits record global expansion levels

Hybrid power: energy security for mines in Africa

Metso opens Cape Town's bulk handling hub

Construction

Metso has strengthened its global Bulk Material Handling (BMH) network with the launch of a new regional hub in Cape Town

The facility enhances access to advanced automation technologies and engineering expertise, supporting bulk material handling and port customers across Africa. This development represents another milestone in Metso’s ongoing strategy to expand its capabilities in key markets.

The Cape Town hub reinforces Metso’s presence across Southern Africa, building on an established and growing installed base of equipment in the region. Operating within the same time zone, the hub enables faster technical assistance, more efficient issue resolution, and closer alignment with customer operations.

Facilitating market expansion and advancing talent development

Metso has maintained a long-standing relationship with Transnet, the state-owned enterprise responsible for the country’s port, rail and pipeline infrastructure.

“Bringing technical support closer to the operation is a practical step towards improving reliability and performance, and this partnership with Metso enables us to do that in a more structured and sustainable way,” commented Jabu Mdaki, CEO, Transnet Port Terminals.

“The African market is growing rapidly, and strengthening our regional presence is essential. Metso is well-recognized among the key companies in the region, reflecting our longstanding reputation and trusted partnerships within the local industry,” stated Ian Barnard, president, Africa Market Area, Metso.

The hub employs around 60 professionals who provide a wide range of services across the continent, including lifecycle support, modernisation solutions and technical expertise. Beyond direct employment, Metso also contributes to the local economy through engagement with consultants, suppliers and contractors.

In addition, the facility supports the development of regional industrial capabilities by fostering skills growth, particularly among younger professionals, and strengthening the broader workforce. This investment enhances the operational landscape for Port Solutions in South Africa and across the wider African market.

Full lifecycle support in bulk material handling

With more than 100 years of experience and over 8,000 bulk material handling installations worldwide, Metso continues to play a leading role in the sector.

The new hub builds on Metso’s global expansion efforts, including its recent acquisition of MRA Automation, aimed at strengthening its expertise in advanced automation and digitalisation. These capabilities will now be extended to customers in Africa, enabling the adoption of digital tools to improve reliability and optimise performance. The company has also expanded its footprint in North America with a new engineering hub in Pittsburgh.

Metso’s bulk material handling portfolio includes equipment such as railcar dumpers, apron feeders, belt feeders, conveyors, stackers, reclaimers, ship loaders and unloaders, as well as cable belt conveyors and smart automation systems. Known for its expertise in design, supply and lifecycle services, Metso delivers tailored solutions that address evolving customer requirements across the full operational lifecycle.

Steenkampskraal Monazite Mine begins construction of a new processing plant to boost South Africa’s rare earth supply chain. (Image source: Steenkampskraal Monazite Mine)

Mining

Steenkampskraal Monazite Mine (SMM) has marked the official start of construction of its new monazite processing plant with a ceremonial soil-turning event

The milestone forms part of the mine’s phased development strategy and is expected to position South Africa as a producer of high-grade monazite concentrate, an important feedstock for rare earth elements used in renewable energy, electronics, medical and defence technologies.

The announcement follows recent operational progress at the site. SMM said it has successfully commissioned its on-site laboratory and, for the first time in more than 60 years, produced monazite concentrate through its metallurgical circuit.

Graham Soden, CEO of SMM, said, “The initial product has demonstrated approximately 50% total rare earth oxide (TREO) content, confirming the high-grade nature of the deposit. In parallel, the mine’s hydrometallurgical laboratory circuit is currently undergoing optimisation. Early results have been encouraging, with production of mixed rare earth carbonate (MREC) and cracked thorium anticipated in the near term.”

The new processing facility, located close to the existing underground decline shaft exit, will receive monazite-rich ore directly through a purpose-built conveyor belt system. Ore from underground operations will be transferred to the surface plant for initial concentration using gravity separation and flotation technology.

According to the company, the Steenkampskraal plant has been designed to achieve steady-state annual production of around 13,400 tonnes of monazite concentrate containing more than 50% total rare earth oxides (TREO). During the initial ramp-up phase, output is expected to begin at approximately 6,600 tonnes per year, rising to full capacity by the end of the first year.

“This phase will use proven gravity separation and flotation technology, optimised through modern refinements and pilot testing by the Saskatchewan Research Council and Mintek. The process flow draws on the successful methods used during Anglo American’s historic operations at Steenkampskraal between 1952 and 1963. It has been adapted for modern environmental standards and incorporates a multi-gravity separation circuit, currently under evaluation for enhanced recovery efficiency.

“The processing plant will receive feedstock from both historic surface stockpiles and underground ore, minimising initial capital expenditure and operational risk. This approach provides early revenue generation while refurbishment of underground infrastructure continues in parallel. The design also includes a front-end comminution and milling circuit, ensuring consistent feed quality to the concentrator and allowing for optimal grade control.

“Phase 1 forms the foundation for subsequent processing stages, including hydrometallurgical treatment, oxide separation and product manufacturing, all of which will be undertaken within South Africa to maximise local beneficiation and value retention.”

Enock Mathebula, executive chairperson of SMM, added, “This phase represents the practical realisation of our strategy to re-establish Steenkampskraal as a globally significant source of rare earth materials.

“We are leveraging proven metallurgical processes, supported by modern technology and strong compliance standards, to ensure a sustainable and efficient operation that benefits both the national economy and local communities.

“The soil-turning event is more than a construction milestone, it is the foundation of Steenkampskraal’s commercial future. By establishing dedicated ore transport and processing infrastructure, we are creating South Africa’s first dedicated monazite concentration facility. This concentrate represents our initial revenue-generating product and will serve as feedstock for subsequent value-adding stages, including mixed rare earth carbonate and thorium production.

“The soil-turning demonstrates our commitment to rapid, responsible development. With funding secured and construction now underway, we are on track to establish a revenue-generating process before the end of 2026. This will not only generate early cash flow but also create jobs, support local communities and contribute to South Africa’s critical minerals strategy. Offtake discussions for the concentrate are already advanced with international partners.

“The Steenkampskraal deposit is recognised as one of the highest-grade rare earth and thorium resources globally, with a NI 43-101 compliant current resource of 665,000 tonnes at 14.5% TREO and significant co-products including thorium (2.14%). The spade-ready project benefits from fully developed underground and surface infrastructure, full regulatory licensing and an experienced mining partner, Bora Mining Investments (BMI).”

“SMM remains committed to sustainable practices, including environmental rehabilitation, community skills development and compliance with all nuclear and environmental regulations.”

Located in the Western Cape, Steenkampskraal Monazite Mine is a rare earth and thorium project owned by Steenkampskraal Holdings in partnership with Bora Mining Investments (BMI). The company said the fully permitted project is progressing a phased development plan to produce monazite concentrate, mixed rare earth carbonates, thorium and eventually separated rare earth oxides, supporting global critical minerals supply chains.

Brazil Africa trade link launched

Logistics

DP World has introduced a new integrated logistics corridor linking Brazil with Africa, aimed at improving trade connectivity between Latin America’s largest economy and rapidly expanding African markets

Named the Brazil-Africa Link, the new service was launched during Intermodal South America 2026 in São Paulo. It offers a fully integrated end-to-end logistics solution connecting export cargo from the Port of Santos to DP World’s operations in Angola and Mozambique, with additional support from its wider logistics network in South Africa.

Developed under a “one-stop shop” model, the corridor combines ocean freight services with inland logistics capabilities, allowing customers to manage their complete supply chain through one provider. The platform provides access to three port terminals, 52 warehouses and a fleet of more than 4,250 vehicles, helping improve efficiency, visibility and reliability across cargo movements.

The service is intended to support major Brazilian export industries such as animal proteins, agricultural commodities and consumer goods. It is designed to help exporters improve transit certainty, lower operational complexity and widen access to African markets.

Fabio Siccherino said, “This Brazil-Africa Link simplifies the journey for Brazilian exporters to a market with enormous growth potential. By integrating the entire logistics chain – from port of origin to final delivery – we reduce complexity, increase predictability, and enable our customers to unlock new business opportunities between Brazil and Africa.”

Mohammed Akoojee said: "The Brazil-Africa Link marks a transformative step in connecting Latin America's largest economy with high-growth markets across Africa. This integrated logistics corridor leverages our investments in port infrastructure, economic free zones, and digital technology across Angola, Mozambique, and South Africa to enable growth, create jobs, and deepen economic partnership between our continents."

Expanding integrated logistics in Brazil

DP World said it is continuing to strengthen its end-to-end logistics presence in Brazil through three strategic areas:

Ports and Terminals: The company operates one of Brazil’s leading multipurpose terminals at the Port of Santos, which serves as the foundation of its local operations and supports increasing container and bulk cargo volumes.

Freight Forwarding: DP World manages six freight forwarding offices across Brazil, providing multimodal transport services covering ocean, air and road freight, alongside warehousing, container freight station (CFS), insurance and customs clearance solutions.

Contract Logistics: The business is also expanding warehousing capacity through multi-client facilities in São Paulo and Espírito Santo, delivering integrated B2B services covering storage, distribution, reverse logistics and value-added solutions.

Strengthening Santos capacity

DP World is also investing further in capacity growth and operational capability at its Santos terminal, reinforcing its status as a strategic South American trade gateway. Following a record 2025, during which the terminal handled 1.3 million TEUs and 5 million tonnes of pulp, the company is advancing investments worth more than R$2 billion (approx. US$400 million).

These upgrades include quay expansion, new equipment, a new berthing pier and the development of a grains and fertilisers terminal in partnership with Rumo, with annual handling capacity of up to 12.5 million tonnes.

A further R$1.6 billion (approx. US$320 million) investment is expected to lift container handling capacity to 1.7 million TEUs by 2026 and 2.1 million TEUs by 2028.

DP World said these investments reinforce the infrastructure supporting the Brazil-Africa Link, connecting expanded Santos port operations with its African logistics network to create more resilient and dependable trade corridors between Brazil and fast-growing African markets.

Trade finance to unlock business in Angola

Finance

The International Finance Corporation (IFC) has launched a new trade finance guarantee scheme to support Angolan businesses in association with local banks

The facility is provided to Banco de Fomento Angola (BFA) under the Global Trade Finance Program (GTFP), an initiative of the IFC, the World Bank’s private finance arm.

It is open to firms including small and medium enterprises (SMEs) to secure the inputs they need, deliver to customers on time and sustain and create jobs across key value chains.

By de‑risking trade transactions and improving the reliability and speed of cross‑border payments, the facility will strengthen supply chains, support more diversified growth, and deepen Angola’s integration into regional and global markets, the IFC said in a statement.

“Trade finance keeps businesses going,” said Makhtar Diop, IFC's managing director.

“Working with BFA, we’re helping Angolan firms access vital imports, trade more smoothly across borders, and create jobs, strengthening supply chains and the wider economy.”

Trade finance remains a “binding constraint” for many African firms, the IFC noted.

The continent faces an estimated trade finance gap of roughly US$100bn to US$120bn annually, with SMEs disproportionately affected, despite representing over 90% of businesses and accounting for about 80% of employment in Africa.

The new trade finance facilityis expected to unlock trade, boost businesses and support jobs in Angola, where access to foreign exchange and limited correspondent banking relationships have complicated cross-border payments, making it harder for firms to source inputs and fulfil orders.

These constraints impact sectors like food and agriculture, where Angola imports a substantial share of its consumption needs and firms require steady access to inputs; recent assessments indicate Angola imports over half of its food, underscoring the importance of reliable trade finance to keep supply chains flowing.

Through the Global Trade Finance Programme, IFC’s guarantees will back BFA’s issuance of trade instruments, such as letters of credit, trade‑related promissory notes and bills of exchange, and standby instruments including bid and performance bonds and advance payment guarantees.

By de‑risking cross‑border transactions, the facility is designed to help BFA grow its trade portfolio, broaden its network of counterparties, and expand access to trade finance for Angolan firms across sectors, including agribusiness, manufacturing and essential goods.

The goal is to strengthen Angola’s integration into regional and global value chains while relieving pressure points that often hinder SMEs from scaling and creating jobs.

“We are confident this partnership will have a positive impact not only on communities but also on the Angolan economy,” said Luís Roberto Gonçalves, BFA’s CEO.

It means BFA will have more instruments at its disposal to finance SME enterprises in productive sectors of the economy, boosting food production and distribution, enhancing food security and creating jobs.

“This partnership reaffirms BFA’s commitment to scaling solutions that advance the development of Angola’s financial system and reinforce the trust our clients and partners place in us.”

It also aligns with the World Bank’s strategy to grow access to finance in Angola's private sector as a means of unlocking economic growth.

Reliable trade finance will ensure access to fertiliser and seeds for farmers, packaging and raw materials for manufacturers, and spare parts and equipment for service providers.

Read more:

Vantage Capital, Greenpoint funding to boost SolarAfrica

South Africa's US$8bn windfall from Afreximbank entry

AFC confirms Nigeria power bond issue

 

New funding boosts Nigeria eye care. (Image source: DP World)

Manufacturing

DP World has reinforced its commitment to community healthcare in Nigeria by extending its partnership with the Tulsi Chanrai Foundation

The company has announced an additional US$500,000 investment to support the expansion of the TCF Eye Hospital in Abuja, bringing its total contribution to US$1.5mn.

The partnership, which began in 2019, focuses on tackling avoidable blindness, a widespread public health issue affecting thousands across the country. Through this collaboration, both organisations have worked to improve access to affordable and high-quality eye care services for underserved communities.

Mohammed Akoojee, CEO & managing director, DP World Africa, said, “Access to quality eye care is not only a health priority, it is a social and economic imperative. Through our partnership with the Tulsi Chanrai Foundation, DP World is committed to restoring sight, dignity and opportunity for thousands of individuals and families across Nigeria. The impact achieved at the Abuja Eye Hospital demonstrates what is possible when purpose driven organizations collaborate to deliver sustainable, long-term change.”

The initiative is delivered under TCF’s Mission for Vision programme, which aims to expand access to essential eye care. Located in Kukwaba, Abuja, the hospital provides a full range of services, including cataract and glaucoma surgeries, paediatric ophthalmology, low vision care, and community outreach. Its cross-subsidy model enables paying patients to support free treatment for those unable to afford care, ensuring both inclusivity and sustainability.

Since the partnership was established, the hospital has performed 60,000 surgeries, with 63% offered at no cost. Outreach efforts have also extended within a 100-kilometre radius of Abuja, covering screenings, transport, surgical procedures, medication, and follow-up care.

With the latest investment, the hospital will expand its capacity from 82 to 160 beds. Plans are also underway to establish a training institute to develop local ophthalmic and paramedical professionals, strengthening long-term healthcare capacity in Nigeria.

Jagdish Chanrai, chairman of the Tulsi Chanrai Foundation, said, “Our vision has always been to eliminate preventable blindness by ensuring that quality eye care is accessible to all, regardless of economic circumstance. DP World’s continued support enables us to scale our impact, strengthen local capabilities, and reach more communities with sustainable eye care solutions. Together, we are building a model that restores sight today while securing better healthcare outcomes for the future.”

Beyond healthcare initiatives, DP World continues to play a significant role in Nigeria’s economy, operating across logistics, market access services, and freight forwarding, with an estimated contribution of US$6 billion between FY2022 and FY2023, according to independent analysis by Accenture.