Africa
22 April 2026
Minbos secures full funding package for Angola phosphate plant
Written by Natalie Noor-Drugan
Australian-listed Minbos Resources has received a debt terms sheet for an AOA 5 billion ($5.48 million) facility from Banco de Fomento Angola (BFA), which together with a previously established $16 million facility from the Industrial Development Corporation of South Africa (IDC), provides sufficient funding to complete construction of its Cabinda Phosphate Fertilizer Plant, according to the company.
The BFA facility carries a 7.5% interest rate, a seven-year tenor and a two-year principal repayment holiday, and is structured under an Angolan Central Bank credit programme supporting the industry and processing of fertilisers and soil amendment materials. Definitive documentation remains to be finalised before financial close.
