Browsing: Mining in Africa

• Africa is now realising the African Continental Free Trade Area (AfCTA)
• Africa economy is expected to grow by 3.8 percent in 2022
• Africa has 60 percent of its population under age of 25

Africa's economy is rising and it has been for a while now. For the intelligent investor, it is wise to rise with it side by side as Africa remains the most naturally endowed continent on the planet. This in terms of human and other natural resources. Hence to Invest in Africa is the next big thing as the region needs a 360 touch on its manufacturing industries.

With projected growth hitting 1.5 billion people, Africa stands as the most profitable ground for investors within the mining, transport and services sector. The region is not only advancing economically but diplomatically too.  

The African Continental Free Trade Area (AfCFTA) is yet another breeding ground for success in the

• Angola has discovered demanded rare earth minerals for vehicles and wind-farms making
• Angola targets to become the largest diamond producer in the world by 2023
• Gold production is another section Angola eyes to explore

Angola is shaping the face of mining in Africa. It stands out as one of the continent's most vibrant economies working towards diversifying its economy. As one of the leading energy producers on the continent, Angola has a unique potential for minerals mining as well.  Angola is widely known for its vibrant diamond mining operations that pump life into its economy. Angola Exploration Mining Resources, FERRANGOL, Petril Phosphates, Minbos Resources, ITM Mining, Lumanhe, ENDIAMA and Axactor are top miners propelling Angola mining sector to prosperity.

The current government of Angola is striving to observe robust policies and build a strong mining industry to overcome negative effects that may lead to an over-dependence on natural resources. 

The AfCFTA gives Africa an opportunity to confront its trade and economic development challenges such as market fragmentation, small-scale national economies, a narrow export base, caused by shallow manufacturing capacity, and underdeveloped industrial regional value chains.

AfCFTA is one of the tools for making a fundamental structural transformation for Africa’s economy and placing it on the path of long-term industrial development. AfCFTA will also strengthen the continent’s bargaining position when engaging in trade negotiations with economic powers such as China and the European Union. This implies that trade will become more favourable for African products, and now when Africa partners with the likes of China and other countries, focus should be on capital supply as well as industrialisation.…