Namibia is one of the four countries that will benefit from the US$1b investment by Quinton Global Commodities (QGC) and F9 Capital.

The two companies want to develop nickel, lithium and copper mines in eastern and southern Africa.

The other countries are Botswana, Zambia and Tanzania.

South African business mogul Quinton Van der Burgh owns QGC with 51% shares in the Kunene Nickel project and 75% in the Klein Aub Copper project.

F9 Capital, based in Abu Dhabi, is Simon Fentham-Fletcher’s brainchild designed as a multi-billion-dollar investment house.

According to a company statement, F9’s energy fund will have a 30% interest in the mines.

QGC also owns shares in Marula Mining, developing the Kinusi Project site in the Dodoma region of Tanzania.