Vice President Yemi Osinbajo said a reviewed partnership between Africa and the United States should be one that helps to improve human security, to avert pandemics, or indeed to tackle the crises caused by climate change.
According to the VP, “so, I think that a resetting of the US policy agenda with Africa should promote a partnership that brings about economic prosperity, increases security, combats disease, improves governance and mitigates the effects of climate change.
“Africa is in many ways the last frontier for economic development and it has the potential to be a global growth pole.”
Continuing, he noted that “the reality however is that Africa still bears a disproportionate burden of communicable diseases like malaria, tuberculosis, HIV, and meningitis, to mention but a few.
TechMet closes its second funding round at $120M
- TechMet the private strategic metals company backed by the US DFC, closes its second equity funding round with a 50% oversubscription
- Largest shareholders now include DFC, Lansdowne Partners and Mercuria.
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DUBLIN, LONDON and WASHINGTON, April 16, 2021 /PRNewswire/ TechMet has announced the closing of its second-round equity fundraising at $120m. The close represents a 50% oversubscription on its $80m target. The final $60m was raised at a 32% increase over the company s initial Round 2 price, and a 140% increase over its Round 1 price.
TechMet invests in projects across the supply chain of the metals critical to electric vehicles and renewable energy systems that form the basis of the green industrial revolution.
TechMet, a Dublin, Ireland-based private company that invests in projects across the supply chain of the metals critical to electric vehicles and renewable energy systems that form the basis of the green industrial revolution, closed its second-round equity fundraising, at $120m.
TechMet’s largest shareholders now include:
the US International Development Finance Corporation (DFC – the US Government’s development finance institution);
Lansdowne Partners;
TechMet Chairman and CEO, Brian Menell.
Founded in 2017 by Menell, a British/South African metals industrialist, TechMet is building projects that produce, process and re-cycle “technology metals” critical to EVs, renewable energy systems and energy storage.
The company’s target metals include: lithium, cobalt, nickel, rare earth metals, tin, tungsten, and vanadium.
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