Connect with us
Anglostratits

Business

Africa Must Rewire US$29.5 Trillion Mineral Endowment Around Industry, Infrastructure and Demand, Africa Finance Corporation Study Says

Published

on

The report argues that improving geological data availability and quality is a necessary first step to de-risk projects and unlock exploration capital

CAPE TOWN, South Africa, February 9, 2026/APO Group/ –Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, according to a new study (http://apo-opa.co/4txjr5p) released today by Africa Finance Corporation (AFC) (www.AfricaFC.org).

 

Of this total, US$8.6 trillion remains undeveloped, reflecting an under-explored continent where fragmented geological data, uneven coverage, and limited transparency continue to elevate risk perception and constrain investment. The report argues that improving geological data availability and quality is a necessary first step to de-risk projects and unlock exploration capital.

The study also stresses that mine-site values significantly understate Africa’s true potential by failing to capture the far larger value created when minerals are processed into steel, aluminium, fertilisers, batteries and alloys. Measured at the point of industrial use, Africa’s mineral endowment expands by an order of magnitude—revealing substantial latent value.

Launched at Mining Indaba in Cape Town, the Compendium of Africa’s Strategic Minerals reframes the sector through an African development lens, placing industrialisation, infrastructure, and long-term regional demand at the centre of mineral strategy.

“Today, AFC is proud to launch the Compendium of Africa’s Strategic Minerals an initiative to reframe the sector through an African lens and convert endowment into execution pathways for our collective prosperity,” said Samaila Zubairu, President & CEO of AFC. “The Compendium maps full value chains and links reserves and production to processing capacity, power and transport infrastructure, and regional industrial corridors—improving data transparency to de-risk exploration, lower the cost of capital, and guide smarter investment into mining and the enabling infrastructure needed for beneficiation and integrated regional value chains.”

Mineral Development Anchored on African Demand

The Compendium finds that mineral production, enabling infrastructure, and demand rarely co-locate or align at scale, and calls for stronger regional planning anchored in Africa’s long-term demand fundamentals.

The steel value chain illustrates this misalignment. Africa hosts world-class endowments of ferro-alloys such as manganese, chromium and nickel, and iron ore supply is entering a new growth cycle. Yet these supply chains remain commercially tethered to Asian steel cycles rather than Africa’s own development trajectory.

Today, AFC is proud to launch the Compendium of Africa’s Strategic Minerals an initiative to reframe the sector through an African lens and convert endowment into execution pathway

This exposure is economically costly and can be seen playing out right now. The slowdown in Asian steel demand—linked to China’s property downturn and weaker construction—has transmitted shocks into African mineral markets. In the Democratic Republic of the Congo, production quotas have been imposed on cobalt to manage oversupply and collapsing prices. In South Africa, primary steelmaking capacity has shut down amid weak domestic demand, high costs, and fragmented offtake. In Gabon, major manganese operations have periodically suspended production in response to softer alloy demand from Asia.

These outcomes are occurring even as Africa continues to expand transport networks, power systems, housing, and industrial capacity that require these materials. The constraint is not a lack of demand, but a lack of demand anchoring: the failure to align mineral production, processing capacity, and infrastructure investment around Africa’s long-term material needs.

Infrastructure Links Minerals, Processing and Demand

The Compendium places infrastructure at the centre of mineral strategy—not as a passive enabler, but as the system that links raw materials, processing capacity, and demand. Power cost and reliability, transport connectivity, and access to industrial land ultimately determine whether beneficiation is viable.

To this end, the report maps mineral deposits and producing assets alongside railways, ports, power generation hubs, and transmission networks to identify where regional value chains can realistically be developed. It calls for targeted interventions in shared rail corridors and cross-border power transmission, particularly in mineral-rich regions where coordinated infrastructure could unlock scale, reduce delivered costs, and support regional industrial platforms.

Infrastructure is also central to Africa’s competitiveness in a world of green industrialisation. Clean power, efficient logistics, and integrated corridors such as Lobito can reduce carbon intensity and improve access to markets where low-carbon and traceable supply chains are increasingly required.

African Minerals in a Fragmenting Global Economy

The Compendium situates Africa’s mineral strategy in a rapidly changing geo-economic landscape shaped by trade tensions, export controls, industrial policy, and efforts to reduce concentration risk. These shifts are elevating the strategic relevance of Africa’s mineral endowment—but only where the continent can offer reliable, value-adding alternatives.

Rather than positioning Africa as a marginal supplier of raw materials, the report argues for selective integration into strategically exposed segments of global supply chains, where diversification would materially enhance resilience—particularly for minerals with highly concentrated processing markets. These include manganese, rare earths, graphite, uranium, and critical alloying inputs for defence, aerospace, and clean-energy technologies.

Encouragingly, momentum is emerging:

  • Angola is developing one of the world’s largest and highest-grade magnet metal rare earth deposits;
  • Mozambique has become a key feedstock anchor for graphite and anode materials;
  • Battery-grade manganese sulphate projects are advancing in Southern Africa; and
  • Uranium production has resumed in Namibia and Malawi over 2024-25.

Download AFC’s Compendium of Africa’s Strategic Mineral Resources here: http://apo-opa.co/4txjr5p.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

Published

on

Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

Continue Reading

Business

South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

Published

on

Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

Continue Reading

Business

Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

Published

on

Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Trending