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Zambia Unveils Critical Mineral Prospects and Milestones

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Energy Capital

African Mining Week will connect global investors with investment and project opportunities in Zambia – home to significant critical mineral reserves

CAPE TOWN, South Africa, August 6, 2025/APO Group/ –Zambia’s Ministry of Mines and Minerals Development has outlined the vast critical mineral opportunities available across the country in a report released in collaboration with the British Geological Survey. Covering strategic minerals such as copper, cobalt, manganese and more, the report underscores the instrumental role the country already plays in global supply chains.

The report comes ahead of African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders. Taking place October 1-3 in Cape Town, the event will feature a dedicated panel on Zambia, titled Zambia: Accelerating Exploration and Development Through License Allocation. The session will unpack the country’s strategy to unlock its full mineral potential, outlining investment prospects, market trends and partnership opportunities.

Copper 

As the tenth-largest copper producer globally – contributing 3% of total output – Zambia is expected to play a critical role in meeting the anticipated rise in global demand – projected to increase 25% by 2040. With several large-scale projects set to come online by 2026, including Sinomine Resources’ Kitumba Mine, Mimosa Resources’ Kashime Mine and KoBold Metals’ Mingomba Mine, Zambia’s copper sector is primed for expansion. The country has set a target to increase production to three million tons by 2031, highlighting a unique opportunity for mining firms.

Cobalt 

In 2024, six operations in Zambia were actively producing cobalt from copper. Together with the Democratic Republic of Congo, Zambia holds 58% of the world’s cobalt-bearing copper resources. The commissioning of Africa’s first cobalt sulfate refinery by the end of 2025 in Zambia will expand the country’s cobalt output. The project is led by Kobaloni Energy and backed by a $100 million investment from Vision Blue and the Africa Finance Corporation. U.S.-based Terra Metals is also relaunching a copper-cobalt acid leach plant in the Kabompo Dome area in 2025.

Manganese 

Zambia’s Luapula Province is the country’s manganese hub. Musamu Resources’ Luongo Open-Pit Mine – Zambia’s first large-scale manganese mine – began operations in 2022 and aims to scale output to one million tons per year by 2027. Kabundi Resources also operates two washing plants in Serenje.

Nickel 

Zambia hosts two nickel operations: the Enterprise Project owned by First Quantum Minerals and the Munali Mine operated by Mabiza Resources. Annual production rose from 2,500 tons in 2019 to 8,000 tons in 2023, with global demand expected to climb by 70% by 2040.

Graphite 

Significant graphite prospects have been identified in Petauke, Lundazi and Kapiri Mposhi, with high-grade discoveries at the Mvuvye and Njoka sites. Other known discoveries include the Sasare and Mkonda deposits. As companies such as Malaika Exploration move to commercialize these assets, Zambia is set to contribute to meeting a forecast 130% surge in global graphite demand by 2040, driven by growth in the electric vehicle sector.

Lithium 

Zambia’s lithium potential is concentrated in the Choma Belt of the Southern Province. UK-based First Africa Metals has confirmed high-grade deposits at its Misika and Kandela projects, with additional exploration ongoing across Tonga, Konayuma and Rock Valley. With global lithium demand set to grow by 350% by 2040, these assets could significantly boost Zambia’s export revenues and job creation.

Rare Earth Elements 

With global Rare Earth Element demand forecast to rise by 65% by 2040, Zambia is ramping up exploration. Antler Gold is progressing at its Kesya Project, while x-RAM Traws is advancing the Nkombwa Hill discovery.

Columbite-Tantalite 

Columbite-tantalite – critical in electronics, aerospace and energy – represents an untapped opportunity for Zambia to diversify its mineral base and revenue streams. Exploration is underway by Maamba Collieries in the Southern Province and Malaika Exploration in north-eastern Zambia. With global demand for the mineral projected to increase by up to 525% by 2040, Zambia’s reserves are becoming increasingly strategic in global supply chains.

Distributed by APO Group on behalf of Energy Capital & Power.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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