Minbos Resources Limited (AU:MNB) has released an update.
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Minbos Resources Limited has announced a significant investment of US$10 million from the Angolan Sovereign Wealth Fund to support the construction of the Cabinda Phosphate Fertilizer Project, aiming to improve food security and economic diversification in Angola. This strategic partnership is expected to bolster the financials of the project, which is integral to both domestic and export markets, and fulfills a key condition for further funding from the Industrial Development Corporation. The investment underscores the Fund’s commitment to fostering sustainable socio-economic growth in Angola’s agricultural sector over the next 3-5 years.
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