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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.
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