Leveraging Africa's natural resources for sustainable growth
Africa has 30% of the world's mineral reserves, including gold, platinum, cobalt, diamonds and uranium.
Africa is home to 30% of the world's mineral reserves, however, its full potential remains untapped. As demand grows for minerals like cobalt, lithium, and gold, there is an opportunity for Africa to play a major role in the global supply chain.
"Africa's mineral resources have often been more of a curse than a gift." - Crystal Orderson
Crystal Orderson explains that in many countries, "difficulties in political uncertainties" and "mismanagement" have hindered economic progress.
Bongani Bingwa is joined by Crystal Orderson, discussing Africa's investment potential from it's mineral resources.
Now some see potential turning points. The DRC has over 63% of global cobalt production but needs support "navigating and protecting" these critical resources. As Crystal states, "It has to benefit the country." Liberia also shows signs of reform through the new Liberty Gold Mine, where RMB played a critical role in providing a funding solution.
The investment in this mine has also spurred infrastructure development in the surrounding areas - including the construction of processing plants, housing and the upgrade of transport infrastructure
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With improved governance and responsible practices, Africa's mineral wealth could fuel sustainable growth that creates jobs and opportunities. As international organisations work with countries to strengthen management and transparency, the continent has an opportunity to harness its natural resources for economic growth.
Africa Focus, presented by Crystal Orderson, is brought to you by RMB. To find out more about RMB’s focus on Africa’s Investment opportunities, visit the official RMB website