Africa Urged to Enhance Value from Mineral Resources

At the Kenya Mine Investment Conference, Dr. Dele Alake, the chairman of the African Minerals Strategy Group (AMSG), called for stronger regional cooperation among African nations to capture greater value from the continent's mineral economy. He noted that Africa is rich in resources such as lithium, cobalt, and gold but continues to export raw materials while importing finished products, which limits industrial growth and job creation.

Alake urged African countries to harmonize mining policies and promote intra-African trade to strengthen the regional mining value chain. He emphasized that the future of Africa's mining sector lies in value addition and manufacturing, rather than merely exporting raw materials.

Alake also pointed out that the AMSG, established in January 2023, has grown from 16 to 31 member states, aiming to unify African voices in the global supply chain. He concluded by stressing the need for transparent and environmentally friendly governance to attract investment and ensure sustainable economic growth.