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Browsing: Mining in Africa
Africa homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60…
This is the first critical raw materials agreement between the European Investment Bank (EIB), the world’s largest international public bank,…
The mining industry in Tanzania holds a unique position as one of the most financially rewarding sectors, consistently generating foreign currency. Beyond its economic significance, this sector also wields considerable political influence within the nation. Therefore, a recent multi-million-dollar agreement forged with Australia and the US for the extraction and processing of critical minerals positions Tanzania advantageously as it prepares to participate in the forthcoming Critical Minerals Summit 2023.
Africa is now realising the African Continental Free Trade Area (AfCTA) Africa economy is expected to grow by 3.8 percent…
The Mining Indaba Professional conference 2022 is set to take place from May 9th to May 12th in Cape Town,…
Angola has discovered demanded rare earth minerals for vehicles and wind-farms making Angola targets to become the largest diamond producer…
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.