Africa rewrites resource rules to capture more value
African nations are fundamentally reshaping how they capture value from natural resources through sweeping legislative reforms that mandate local processing, increase state ownership, and ban raw material exports. Countries like Zambia now require domestic gemstone processing before export, while Nigeria’s groundbreaking 30% Value Addition Bill prohibits raw mineral exports until companies demonstrate local beneficiation plans, […]
Nigeria to launch state asset sales this year
Nigeria plans to begin selling selected state-owned assets to private investors this year as part of a broader push to attract capital and accelerate economic growth. Finance Minister Wale Edun said the government is identifying assets for potential sale following reforms introduced by President Bola Tinubu since taking office in 2023, including subsidy removal, currency […]
South Africa plans LNG project to ease energy shortages
South Africa is planning a $3 billion liquefied natural gas (LNG) plant at the Port of Durban, with global trader Vitol supporting a consortium to develop the import and power facility. The project reflects the country’s effort to diversify its energy mix as it works toward net-zero emissions by 2050 while still addressing persistent electricity […]
Africa’s untapped gold could reshape global economic order
Africa’s vast untapped gold reserves—estimated at more than $1 trillion in undeveloped deposits—could reshape the continent’s economic future if managed strategically, according to a new Africa Finance Corporation report. With gold prices surging and global uncertainty boosting demand for safe-haven assets, policymakers see an opportunity to strengthen foreign reserves, stabilize currencies, and support industrial growth. […]
