Sunday, August 9, 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...

Djibouti urged to tighten debt controls

A new economic assessment recommends that Djibouti implement tighter...

Who benefits from the migrant chaos in Spain?

What happened in the North African Spanish enclave of...

Childcare seen as economic infrastructure, not just welfare

Childcare should be treated as a core economic investment...

The Commercialization of Hope

Hope has always occupied a unique place in human...

MPs Warn Insecurity Could Jeopardize Elections

South Sudanese lawmakers warned on Wednesday that worsening insecurity...

Death Row Inmates Desperate to Escape Execution in Saudi Arabia Call the BBC

. ... Other foreigners, including Pakistanis, Sudanese and Jordanians,...

Addis Standard Editor-in-Chief Abducted, Offices Raided, Equipment Seized

JAKENN Publishing PLC, publisher of Addis Standard tri-lingual publications,...

Sudan Army Receives Pakistani Armoured Vehicles and Drones, Military Sources Say

The Sudanese army received Pakistani-made Mohafiz armoured vehicles last...
spot_img

Related Articles

Popular Categories

spot_imgspot_img