Saturday, August 29, 2026

Africa Wants to Make Its Critical Minerals a Lever for Industrialisation and Economic Transformation

African ministers, representatives from continental institutions, the private sector, and development partners have called for Africa’s critical minerals to drive a new era of economic transformation, industrialisation and job creation – especially for young people and women, through value addition, regional value chains and beneficiation.

They made the call at the Ministerial Forum on Critical Minerals, Value Chains, and Beneficiation, held in Abidjan on Friday, 10 July 2026.

In a statement released at the end of the Forum organised by the African Development Bank Group, participants emphasised that the continent must extract more value from its abundant mineral resources by developing regional value chains, local processing capacities, and competitive industries, rather than continuing to primarily export raw materials.

Africa holds about 30% of the world’s most critical mineral deposits, including cobalt, lithium, graphite, rare earths, platinum group metals, copper, manganese, and nickel. Yet, the continent continues to export raw and unprocessed minerals, capturing only a negligible share of the total economic value of its own resources.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

Malvinas: The Strength of a Just Cause

Only a few weeks ago, the Question of the...

​Number of Participating Banks Drops Sharply from 28 to 5 in August FX Auctions

​The National Bank of Ethiopia (NBE) has released the...

በስኳር፣ ዘይትና ስንዴ ላይ የታየው ከፍተኛ ጭማሪ የሐምሌን የዋጋ ግሽበት ወደ 15.3% ከፍ አደረገው

የኢትዮጵያ ስታቲስቲክስ አገልግሎት እንዳስታወቀው ፤ የዋጋ ግሽበቱ በሐምሌ ወር...

Africa loses USD 90 billion annually to illicit financial flows, warns Dr. Tedros

​ World Health Organization (WHO) Director-General Dr. Tedros Adhanom...

UNHCR Tender Notice 3

Date: 22 August 2026 The Office of the United Nations...
spot_img

Related Articles

Popular Categories

spot_imgspot_img