Tag Archives: Minerals
Minerals: Latest News
Kurt Davis Jr., 3:43 am AFKI Original
The talk of distressed asset investing in Africa is growing. A total of $6.5 billion has been raised for African private equity from 2011 to 2016, according to the African Private Equity and Venture Capital Association (AVCA), with a total reported deal value over the same period of $22.7 billion for 900+ deals. In 2016 alone, 145 deals were reported totalling $3.8 billion. We explore the sectors offering the best opportunities for distressed asset investors.
Kurt Davis Jr., 10:24 am AFKI Original
Mauritania requires no royalty payments, which is not the norm. This is a benefit for oil, gas and mining explorers anxious about paying royalties when commodity prices are unpredictable. Mauritania’s corporate income tax rate is relatively low at 25% — a plus in a region where the tax and fiscal systems can change any investor’s outlook on risk and reward. Large government irrigation projects have aided agricultural production in the desert. Israeli technology and cropping strategies have had some success in other parts of Africa. There is potential here, but it requires investment in technology — not always a priority in agriculture.
Keren Mikva, 1:52 pm
When it comes to the stuff bling is made of, Africa is enormously bountiful. Its mineral deposits make it one of the richest natural resource-laden places on Earth and everyone wants some. The following are the most mineral-rich African countries.
Makula Dunbar, 5:25 pm
Zambia’s mines minister plans to present a revised minerals law to lawmakers by the end of the year, even after parliament was adjourned following the death of President Michael Sata. “I’m pushing, that is my deadline,” Christopher Yaluma said by phone today from Lusaka, the capital of Africa’s second-biggest copper producer.
Jeffrey Cavanaugh, 3:01 am AFKI Original
Burundi is finally recovering from years of ethnic strife and regional war. The land-locked country has abundant resources, especially uranium, tin, cobalt, copper, and platinum. One of the five poorest countries in the world, Burundi is the hungriest country on the planet, according to the Global Hunger Index. Civil war, corruption, and years of authoritarian rule have destroyed what little infrastructure existed. It the least globalized country not just in Africa, but the world. But opportunities exist. There may be nowhere to go but up.
Makula Dunbar, 3:32 pm
G. Jayakrishnan, International Enterprise Singapore’s group director for Middle East and Africa recently sat down to pinpoint major approaches to business and why Africa’s overall investment potential has progressed. Noting that Africa is rich in resources and commodities, he said that the continent is in need of many products and services to accommodate the rise in development.
Makula Dunbar, 6:22 pm
SMEs with natural resource foundations — as well as companies based on African markets — are increasingly flocking to list on the London Stock Exchange (LSE) in an effort to raise capital, a How We Made It In Africa report said. The continent’s minerals are being explored now more than ever. In 2013, initial public offerings (IPO) for companies supporting Africa’s gold, potash, oil, gas and other resources popped up on the LSE at over twice the rate of those in 2012.
Kevin Mwanza, 6:41 am
A sharp increase in mining production will drive economic growth in Democratic Republic of Congo to around 9.5 percent this year, one of the highest rates in Africa. Congo, a country the size of Western Europe in the heart of Africa, has rich reserves of gold, diamonds, copper, cassiterite and coltan but development of its resources has been hampered by poor infrastructure, corruption and decades of conflict.
Ann Brown, 7:00 pm
Mozambique actually has one of the fastest growing economies in Africa. Rich in minerals, Mozambique’s economy is expected to grow by about 8 percent this year and in 2015 as well. And it could reach higher growth rates if its railways to export coal were improved, central bank governor Ernesto Gove said, reports iOL. Mozambique […]
Makula Dunbar, 6:21 pm
In a recent interview with Namibia’s Prime Minister Hage Geingob, The Africa Report revisited infrastructure and economic initiatives implemented by government, inquiring about about status and overall satisfaction.
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