Meya Mining Limited, a Trustco-linked company, has secured a N$400 million (approximately US$25 million) financing facility from Ecobank Sierra Leone Ltd to advance its commercial diamond production in Sierra Leone’s Kono District.
The funding marks a major milestone for Meya as it moves to scale operations under its 25-year exclusive mining licence in the diamond-rich region. According to Trustco Group Holdings Ltd, the financing arrangement is backed by Ecobank Ghana Plc, reinforcing regional banking collaboration in support of the project.
Meya Mining has positioned its Sierra Leone operations as a strategic long-term investment, targeting sustainable diamond extraction and export. The Kono District is historically known for high-quality diamond deposits, making it one of the most significant mining zones in West Africa.
Trustco indicated that the facility will be used to accelerate operational capacity, including equipment procurement, site development and working capital requirements necessary for full-scale production.
Industry analysts say the deal reflects growing confidence from regional financial institutions in West Africa’s extractive sector, particularly in projects with long-term licensing security and structured governance backing.
Ecobank’s involvement underscores the increasing role of African banks in financing major natural resource ventures, reducing reliance on offshore funding while strengthening regional economic integration.
The agreement is expected to support job creation and local economic development in Sierra Leone, as Meya progresses toward expanding its commercial output under its multi-decade mining licence.
