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R1.2bn for titanium project
The Citizen
|October 31, 2025
The African Development Bank Group (AfDB) has approved over R1.2 billion in financing for South Africa-based Nyanza Light Metals to support the development of a large-scale titanium dioxide pigment processing plant in Richards Bay, KwaZulu-Natal.
The funding package includes over R400 million from the Africa Growing Together Fund, a co-financing initiative with the People’s Bank of China.
It will back the development, construction and operation of an 80 000 tons-per-year titanium dioxide pigment manufacturing plant and related infrastructure within the Richards Bay Industrial Development Zone.
Titanium dioxide is a vital pigment used in paints, coatings, food processing, cosmetics and medical applications.
Currently, South African manufacturers rely heavily on expensive imports.
Cette histoire est tirée de l'édition October 31, 2025 de The Citizen.
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