INTO AFRICA July 2018 Edition – Back on Track: African Mining

LAGOS (Capital Markets in Africa) – Welcome to the July 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Back on Track: African Mining explores emerging mining laws and regulations as well as opportunities across African countries and financing options for mining projects in Africa.

Africa is rich in natural resources. It boasts of over 10% of world reserves of oil, about 40% ofgold, 90% of chromium and the platinum group of minerals, extensive fisheries, forests, and vast tourism resources. Explorations in the last decade across many African countries have led to discoveries of more natural resources, such as oil deposits in Ghana, Kenya and Uganda, and natural gas in Mozambique and Tanzania, among others. According to the IMF, about 32 countries in Africa are resource-rich, of which 28 are in Sub- Saharan Africa (SSA) and four are in North Africa. In SSA, resource-rich countries account for more than 80% of the region’s GDP, while more than a quarter have at least 50% of total export earnings derived from minerals. Natural resource rents account for more than 40% of GDP in countries such as Libya, Congo Republic, Equatorial Guinea, Angola, and Liberia.

ANDRIES ROSSOUW (Partner, PricewaterhouseCoopers South Africa) opens the edition with a discourse on global mining trends and implications for Africa. In parallel, SEEDWELL HOVE (Senior Macroeconomist, Quantum Global Research Lab Switzerland) looks at how to leverage natural resources to drive sustainable economic development in Africa. In the same vein, ALEXANDER KEEPIN (Partner, Bryan Cave Leighton Paisner LLP London) explores the emergence of private equity fund as a potential source of capital for mining companies.

PLEASE CLICK TO DOWNLOAD – INTO AFRICA PUBLICATION: JULY 2018 EDITION.