During the Compact with Africa (CwA) 2023 Summit on November 20th in Berlin, Co-founder of The Critical Minerals Fund (TCMF) Carl Heinrich Bruhn used the occasion to sign a memorandum of understanding with Sahel Resources Ltd., a mining and trading company based in Nigeria.
TCMFâs mission is to propel economic development within Africa, tapping into the regionâs mineral wealth, fostering employment opportunities and advocating for sustainable practices. Nigeria, rich in critical minerals such as lithium, graphite, rare earths, platinum group metals and nickel, is the largest economy in Africa and an important investment location for CHB Group. The summit coincided with the 10th German-Nigerian Business Forum event the following day in Berlin, which saw the Nigerian President, President Bola Ahmed Tinubu. In attendance he emphasized the need for increased collaboration between the two nations and made a commitment to eliminating barriers obstructing investments.
The memorandum of understanding was signed with Chuka Agili who is the CEO of Sahel Resources Ltd. The parties agreed to work together to facilitate investments in the Nigerian critical minerals sector through TCMF. Notably, during the 10th German-Nigerian Business Forum, the TCMF delegation engaged in productive breakout sessions with senior members of the Nigerian delegation, including the Nigerian Finance Minister, Hon. Wale Edun, focused on fostering dialogue and strengthening the prospects for mutual collaboration and investment.
