Why is perceived risk in Africa so much higher than real risk? “The risk perception of any investor if they are not close to the ground, if they don’t understand the landscape well, and if they don’t understand the challenges in the countries, is higher than the real risk.” AFC Executive Director & Chief Investment Officer Sameh Shenouda in discussion with African Review of Business and Technology on the perceived risks around mining projects and keeping value within the continent. Read more on page 30 of May’s issue of the Africa Review: https://bit.ly/3WvjAYH
Africa Finance Corporation’s Post
More Relevant Posts
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🚨#FiZ_QuickTake 🚨 🚨 FIZ SHOW: Ministry of Finance & National Planning Half Year Budget Review💥 CEO of the Zambia Chamber Of Mines, Mr. Sokwani W. Chilembo's #QuikTake on maintaining mining POLICY STABILITY and GROWTH STRATEGY. 🚨Watch the full episode of the Ministry of Finance and National Planning's Half Year Budget Review on our YouTube channel via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE. #MarketConsultation #PolicyEngagements #FinancialInsight #Get2Know
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The role for junior miners in Africa is becoming increasingly Important, largely due to the recent commodity boom, highlighting their role in enhancing the mining value chain. There are numerous challenges that still loom, namely the access to finance for exploration, regulatory complexities, and vague tax policies, which continue to act as obstacles for junior miners in the sector. Despite this, junior miners are poised to assume an even more pivotal role in the transformative landscape of mining. Join us as Jason Brewer, Chief Executive Officer at Marula Mining PLC Mining, Stella Choe, Head of Global Subsidiaries at Standard Chartered, Christopher Drysdale, Chief Executive Officer at Antler Gold Inc. and Fred Kabanda, Manager: Extractives at African Development Bank Group explore innovative tailored financing solutions for junior and emerging miners in Africa at the Mining Series 2024. Register here: https://lnkd.in/e8FHQWpQ IA Members, contact us for registration information. #MiningSeries #MiningFinance #Trade #Investment
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Here are a few key insights from Ava's participation in the Africa Down Under Conference last week. What were your main takeaways?
Ava’s Global Head of Mining, Julien TARDY, and Business Development Manager Australia, Jerry Hicks, had the privilege of attending the Africa Down Under Conference last week in Perth, Western Australia. The optimism of the gold mining sector, fuelled by the record gold prices achieved in recent months, was evident in both the mood and sheer number of delegates, particularly Government ministers from numerous African countries. Knowledge sharing was a key highlight, as Ava’s Africa specialist, Julien Tardy, brought his extensive experience in secure logistics to discussions with delegates from Tanzania, Ivory Coast, Ghana, Mozambique, and more. We’re excited to continue supporting the evolving needs of the precious metals industry across Africa and beyond! Discover more at thinkava.com #thinkava #theavaway #africadownunder #miningconference #goldindustry #preciousmetals #industryinsights #preciousmetalsinsights #securegloballogistics
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#ICYMI: From the 30th Mining Indaba in Cape Town, we explored the effect of mineral export bans on investment opportunities and found a balance between reducing mineral exports and feeding global demand. Shirley Webber, Managing Principal, Head: Resources and Energy; Absa South Africa Corporate and Investment Banking (CIB), spoke to Fifi Peters to unpack more. Watch the full conversation here⬇️ https://brnw.ch/21wGOXP #MI24
Absa Focus On Mining Indaba: Reflecting on Africa’s mining industry
cnbcafrica.com
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Global Engagement: The US Steps Up! The United States is intensifying its engagement with Africa, particularly in the mining and infrastructure sectors. With high-level representatives attending events like the Investing in African Mining Indaba, the US is demonstrating its commitment to forging strategic partnerships on the continent. Investments in projects like the Lobito Corridor underscore Washington's seriousness in engaging African stakeholders and supporting sustainable development. This renewed focus presents unprecedented opportunities for collaboration and growth, benefitting both African nations and US investors alike. Let's harness this momentum to drive positive change and foster mutually beneficial relationships. Credit goes to Creamer Media’s Mining Weekly for providing the information. Read the full article below https://lnkd.in/dq_qhSny #USInvestment #AfricanPartnerships #MiningPotential #SustainableDevelopment
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Dr. Marit Y. Kitaw in a panel discussion “Empowering African mining through disruption: the role of development finance and support organizations.” The panel discussed how to navigate challenges and seize opportunities in the ever-changing mining industry. #keytakeaways 1. Skills revolution 2. Be bold 3. Empower decision makers and communities collectively 4. Disrupt status quo all of us as we go out there 5. Let’s learn what’s out there beyond African borders 6. Don’t just sign any form of agreement you are given in the first instance, explore the benefits 7. Let’s all speak out in one voice 8. Let’s implement policies under the Africa Mining vision 9. Equitable distribution of mineral resources 10. Let’s put Africa first #Ends APRI - Africa Policy Research Institute,African Development Bank Group,The African Legal Support Facility
#MiningIndaba24: Dr. Marit Y. Kitaw in a panel discussion “Empowering African mining through disruption: the role of development finance and support organizations.” The panel discussed how to navigate challenges and seize opportunities in the ever-changing mining industry. #keytakeaways 1. Skills revolution 2. Be bold 3. Empower decision makers and communities collectively 4. Disrupt status quo all of us as we go out there 5. Let’s learn what’s out there beyond African borders 6. Don’t just sign any form of agreement you are given in the first instance, explore the benefits 7. Let’s all speak out in one voice 8. Let’s implement policies under the Africa Mining vision 9. Equitable distribution of mineral resources 10. Let’s put Africa first #Ends APRI - Africa Policy Research Institute,African Development Bank Group,The African Legal Support Facility
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Chinese companies are ramping up their acquisition of major #copper, #cobalt and #lithium mining projects in #Africa, dominating the critical #minerals market, as #Beijing positions itself to lead the global green energy transition. In one of the most recent #investments, Chinese firm JCHX Mining Management is closed to finalising a deal to buy Zambia's Lubambe copper mine. The deal, which is awaiting approval from the Zambian authorities, would see the Shanghai-listed #mining services and contracting firm hold an 80 per cent stake in the mine which is currently held by Australian-based #investment firm EMR Capital, according to Reuters. https://lnkd.in/eV6ntf3n Zambia🇿🇲 is an #AfCFTA member country #TradeInAfrica #Metals #Mineral #Markets #Trade #GDP #Growth #Economy #TradeUnderAfCFTA #GlobalTrade #WorldEconomy #aimc #qabulaholdings #eltraveltours
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Every time I visit Pan African’s new Mogale Tailings Retreatment site I’m astounded at the progress they are making on a project of this scale. At around R2,5b, I don’t know of any comparable capital projects currently underway in South Africa. MTR is expected to commence production by the end of 2024, adding approximately 50,000 oz/yr to Group production, boosting annual output by around 25%. Gold Mining in South Africa has been a significant economic contributor since its discovery in Johannesburg back in 1886. It’s also well known that we could be doing better as a country in leveraging our considerable reserves to better serve our economy going forward. But witnessing the dedication and future commitment on display here certainly inspires hope. #goldmining #miningforafuture #sustainablemining #futuremining #panafricanresources #modernmining #thoughtleadership #goldmarket #gold #goldinvestments #mininginvestment #future #mining #miningreturns #investmentproposition #strategicconsulting #innovation #leadership
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What are the biggest challenges facing the global mining industry today? Ahead of this year's Investing in African Mining Indaba, our global mining team have reflected on the issues facing our clients, and will be at the event to address these: 1. The lingering workplace impacts that arose from COVID-19. 2. Critical mineral production and jurisdiction shopping for financial government assistance. 3. The lack of actual improvements for faster, cheaper and more streamlined project approval processes. 4. The global disconnection between the expected appetite for minerals and the availability of capital to fund the development of projects. 5. ESG and social licence issues remain the most significant obstacle to new project development globally. Our Partner, Tom Sipemba and Senior Associate Emma Kimario will be attending the event taking place from 4-8 February in Cape Town, South Africa. Connect with them or reach out via email: thomas.sipemba@dentons.co.tz and emma.kimario@dentons.co.tz Our other colleagues José Ignacio Morán, Greg McNab, Nurhan Aycan, Iyunola Adekanye, Omolola Coker, Joseph Jalasi, Brandon Irsigler, Peter Okaalet Jr, Urvashi Seomangal, or David Clay, will also be there. #MI24 #MiningIndustry
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The successful transformation of a country’s mining sector requires a holistic approach that integrates robust fiscal models, comprehensive commercial agreements and an effective financial infrastructure that attracts capital markets. We are pleased to welcome Sameh Eltorgoman, Chief Executive Officer of Evolve Holding to discuss the strategies Egypt can adopt to build a financial ecosystem for a thriving mining sector. Join us from 16 - 17 July in Cairo. Book your delegate pass: https://bit.ly/4e5AiV5 #EgyptMiningForum #EMF2024 #FinancialEcosystem #CapitalMarkets #MiningInvestment #EvolveInvestment
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MD/CEO
6moI share this view. Perceived risk stems from information, misinformation or lack of information . It is not the fault of the investors as Africa needs to do more work in setting their records straight and ensuring the right information are out there to help investors make informed decisions.