President John Dramani Mahama has urged African governments to place the African Continental Free Trade Area (AfCFTA) at the centre of their development strategies to accelerate the continent’s growth. He stressed that the agreement must serve as a catalyst for industrialisation and economic transformation, rather than become another unfulfilled continental pact. President Mahama made the…
Why are critical minerals suddenly at the centre of global politics? The story in 60 seconds Every electric vehicle, wind turbine, solar panel, smart phone; they all depend on minerals extracted from the earth. As countries accelerate the transition to clean (non-fossil fuel) energy, demand for minerals such as lithium, cobalt, nickel, copper and graphite…
Abuja — The African Development Bank (AfDB) has urged African countries to halt the export of raw critical minerals and instead focus on local processing, beneficiation and regional value chains to unlock greater economic value from the continent’s vast mineral resources. The call was made at the Ministerial Forum on Critical Minerals, Value Chains, and…
Nigeria’s discovery of a major new critical minerals province reflects a broader shift as Africa’s leading oil producers invest in mining to diversify their resource economies. The strategy aims to reduce dependence on a single commodity by expanding exploration, attracting mining investment and building new value chains around minerals expected to drive the global energy…
President Bola Ahmed Tinubu on Tuesday urged member countries of the African Minerals Strategy Group (AMSG) to speak with one voice to promote Africa’s collective interests, ensure value addition, and prevent the continent from becoming merely a source of raw materials for the rest of the world. President Tinubu gave the charge while receiving a…
The Tharisa Mine is an open-pit platinum group metals and chrome mining operation in the North West province. (Image: Datacentrix) Tharisa Minerals, an integrated resource group critical to the energy transition and decarbonisation of economies, has successfully transformed its South African open-pit mining operation into a highly connected, data-driven environment. This is the result of…
South Africa’s G20 presidency last year revived an old and uncomfortable question: If Africa has been “rising” for more than two decades, why has so much of that promise failed to translate into factories, jobs, exports and broad-based prosperity? The answer, according to economists and investment thinkers, lies not in the absence of opportunity, but…
Addis Ababa — African countries must stop exporting raw minerals and focus on local processing and manufacturing, if the continent is to achieve the Sustainable Development Goals (SDGs) and build inclusive, long-term prosperity, Tanzania Minerals Deputy Minister Steven Kiruswa said. In an exclusive interview with the Ethiopian News Agency, Kiruswa said sustainable development requires Africa…
U.S.A F-35 Lightning II Mobix Labs, Inc. (Nasdaq: MOBX) today announced it has signed a non-binding Letter of Intent to acquire Special Project Delivery LLC (“SPD”), a strategic infrastructure platform building sovereign U.S. supply chains for rare earth elements, critical minerals, and energy storage. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514342224/en/…
A quiet but consequential shift is underway in Africa’s economic order. The Democratic Republic of the Congo (DRC), long defined by paradox vast wealth amid deep poverty,is now projected to become sub-Saharan Africa’s fifth-largest economy in 2026. This is not speculation. Projections from the International Monetary Fund place the DRC’s GDP at around $123 billion,…
