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  • Maximizing Gold Mining Benefits and the GoldBod Idea in Ghana

    Maximizing Gold Mining Benefits and the GoldBod Idea in Ghana

    Interview Story: By Mohammed A.Abu

    Hari Iyer, Chief Executive Officer(CEO) and Managing Director(MD) of the Sakthi Tading Group, a prominent international gold trade industry player, has noted that, a strict eco-friendly or sustainable mining regime is crucial for Ghana to address the significant socio-ecological costs of gold mining, such as deforestation, water pollution, and soil degradation.

    By adopting sustainable practices, Mr. Iyer intimates, Ghana can protect the environment, ensure long-term economic sustainability, and improve community welfare.

    A focus on responsible mining he contends, will enhance global competitiveness, attract ethical market demand, and reduce illegal mining, adding, “The GoldBod initiative, along with stronger government regulations, can help transition the sector to a more sustainable model, balancing economic growth with ecological preservation for the benefit of future generations”.

    He was speaking in an exclusive interview with your favourite, the Economic & Environmental Africa News, magazine for his expert thoughts relating to Ghana’s government’s recent move to put in place a Ghana GoldBod.

    Regarding the initiative, he notes that GoldBod Ghana appears to be an important player in the evolution of the gold mining and trading sector in Ghana, especially given the complex challenges faced by the country in terms of artisanal mining, environmental impact, and illegal gold trading.

    Mr. Hari provided some insights on the potential significance of GoldBod Ghana as follows:

    1. Ethical Sourcing Leadership

    GoldBod Ghana has the opportunity to lead by example in promoting ethical gold sourcing. As global demand for responsible and traceable gold rises, especially from environmentally conscious buyers and investors, GoldBod could position itself as a pioneer in making Ghana’s gold sector more transparent. Their commitment to traceability, likely through innovative technologies like blockchain, can strengthen the integrity of the entire supply chain, making it more appealing to international markets that prioritize ethical sourcing.

    1. Addressing the Artisanal Mining Crisis

    Artisanal small-scale mining (ASM) is a significant part of Ghana’s gold production but often operates in unsafe, inefficient, and environmentally damaging conditions. GoldBod’s potential to provide structured support to the ASM sector, offering better mining practices, health and safety training, and access to improved equipment, could be transformative. This could lead to a reduction in the harmful effects of illegal mining (Galamsey), such as deforestation, mercury pollution, and unsafe working environments. Their involvement could directly improve the livelihoods of thousands of small-scale miners.

    1. Facilitating Sustainable Mining Practices

    Sustainability is a growing concern in the mining industry, and GoldBod Ghana’s potential to implement environmentally friendly and socially responsible practices is crucial. By introducing eco-friendly mining techniques, such as alternative mercury-free extraction methods and promoting reforestation initiatives, GoldBod can mitigate the environmental damage often associated with gold mining. This could improve the long-term viability of gold mining in Ghana and enhance the country’s reputation in global markets.

    1. Strengthening Governance and Compliance

    GoldBod’s commitment to adhering to international standards and regulations will play a vital role in strengthening governance within Ghana’s gold industry. With proper compliance and transparency mechanisms in place, GoldBod can help address systemic challenges like smuggling, corruption, and unregulated gold trade, ensuring that Ghana’s mining revenues are appropriately taxed and channeled into national development.

    1. Economic and Social Impact

    GoldBod’s focus on sustainable mining practices has the potential to contribute significantly to the economic development of local communities in gold mining regions. Beyond economic growth, their engagement in social initiatives like healthcare, education, and community infrastructure can improve the living conditions of miners and their families. As a result, GoldBod can enhance the social license to operate, which is crucial for the long-term success of mining companies in regions where mining is a central economic activity.

    1. International Partnerships and Investments

    GoldBod Ghana has the potential to attract international investments and forge partnerships with global organizations and companies that prioritize responsible sourcing. This could help them access advanced technologies, financial resources, and expertise needed to modernize the sector. Such collaborations could also enhance Ghana’s position in the global gold market, opening new export opportunities and enhancing trade relationships.

    1. Risk Mitigation in Gold Trading

    The volatility of the gold market, with fluctuating prices and risks associated with illegal trade and geopolitical instability, poses a challenge for gold trading companies. GoldBod’s adoption of cutting-edge technologies and adherence to legal and ethical standards could act as a hedge against these risks, offering stability and trustworthiness to both local and international stakeholders.

    1. Potential Challenges

    While GoldBod Ghana’s approach seems promising, challenges remain in terms of overcoming entrenched practices within the informal mining sector, securing buy-in from local miners, and navigating the complexities of Ghana’s regulatory environment. Additionally, competing with illicit gold trade operations might prove difficult, as illegal mining can often be more financially attractive in the short term.

    Investment Opportunities GoldBod Offer Sakthi Trading

    On what business Prospects the GoldBod idea has for the Sakthi Trading Group in Ghana, he responded thus,” For Sakthi Trading Group, the establishment of Ghana’s GoldBod offers several promising investment opportunities within the mining and production management value chain”:

    1. Gold Mining & Extraction Investments

    Sakthi Trading Group could invest in gold extraction operations, either through direct involvement or by partnering with licensed small-scale miners. As GoldBod becomes the sole buyer of gold from legal miners, there’s a guaranteed market for the mined gold, which reduces risk and ensures steady revenue streams.

    1. Gold Refining & Value Addition

    GoldBod’s focus on refining and value addition presents an opportunity for Sakthi Trading Group to invest in refining infrastructure or establish partnerships with refining operations. They could integrate these activities into their supply chain, adding value to raw gold and enhancing profitability through higher-grade gold products for both local and international markets.

    1. Gold Export & Marketing

    With GoldBod serving as the sole exporter of gold from the legal small-scale sector, Sakthi Trading Group could tap into international markets by partnering with GoldBod for the export of refined gold. This also allows the group to leverage global demand for responsibly sourced gold, enhancing its position in international markets and contributing to Ghana’s foreign exchange accumulation.

    1. Gold Assaying & Quality Control

    Given that GoldBod will be the sole assayer of gold, Sakthi Trading Group could invest in or collaborate with assaying facilities to support gold testing and certification processes. Establishing a presence in the assaying segment of the supply chain provides an opportunity for Sakthi to ensure that their gold meets international standards, fostering trust and marketability.

    1. Supply Chain and Logistics

    As the GoldBod framework establishes a structured system for sourcing, refining, and exporting gold, Sakthi Trading Group can invest in the supply chain infrastructure, including logistics and transportation. With GoldBod centralizing the process, the group could play a key role in ensuring efficient movement of gold from mining sites to refineries and international markets.

    1. Local Economic Growth and Stabilization

    Sakthi Trading Group’s involvement in the GoldBod framework also allows it to contribute to the economic stabilization of Ghana. As the GoldBod aims to reduce gold smuggling and stabilize the local currency, Sakthi can benefit from an improved business environment and increased stability in the gold sector, making it a more attractive long-term investment.

    1. Technological Integration

    There is an opportunity to invest in technology that enhances the mining, refining, and marketing processes. GoldBod’s push for more transparent, efficient, and legal operations opens the door for Sakthi Trading Group to integrate advanced technologies such as blockchain for traceability, AI for market forecasting, or automation in refining processes.

    Through strategic investments in mining operations, refining, logistics, and technology, Sakthi Trading Group could capitalize on the GoldBod initiative to expand its footprint in Ghana’s gold sector. By aligning with the government’s vision of formalizing and improving the gold value chain, Sakthi can enhance profitability while contributing to the economic growth and stability of Ghana.

    Role and Responsibilities to Sakthi Trading Group

    On what is the exact role he plays as the CEO/MD of the group for the past 08 yrs, Mr.Iyer  said his roles are the following:

    Strategic Leadership: identifies growth opportunities, and ensures compliance with global gold trading standards.

    Business operations and Risk management:  oversees gold procurement, logistics, and sales, manages supply chain relationships, and implements risk management strategies for market and security risks.

    Financial Oversight: manage financial health, secure funding, and oversees hedging strategies to mitigate price volatility risks.

    Regulatory: Ensure AML and KYC compliance, upholds ethical sourcing, and engages with regulators.

    Brand: builds partnerships, explores new markets, and strengthens brand reputation in the gold industry.

    Technology: leverages blockchain, AI, and digital transformation to enhance transparency, efficiency, and customer engagement.

    Team leadership: leads the executive team, fosters corporate culture, engages stakeholders, and drives talent development.

    Flashback-Global Gold Dore Forum, Accra,2017

    Sakthi Trading Group was the title sponsor of the first ever Global Gold Dore Forum, held in Accra in January 2017. As CEO/MD of Sakthi Trading Group, I emphasized the importance of transparency and responsible conduct in the gold market.

    • “Sakthi Trading Group firmly believes that responsible business is the only sustainable business.”
    • We seek to understand various initiatives led by both government and non-government entities in Africa and aim to contribute to solutions wherever possible.

    Commitment to Collaboration and Partnerships

    Sakthi Trading Group is dedicated to working with organizations that share its values and adhere to regulations. Through strategic collaborations, the group strives to promote responsible gold sourcing and support a more sustainable future.

    Supporting Artisanal Small-Scale Gold Mining Sector Reform

    Flashback-Global Dore Forum,Accra-2017

    At the Global Gold Dore Forum conference,held in Accra in 2017,Sakthi Trading Group was not only a Lead Sponsor,but also expressed its commitment to participating in the reform of Ghana’s artisanal small-scale gold mining sector. This initiative reinforces the company’s dedication to ethical gold sourcing and industry sustainability.

    The position of Sakthi Trading Group is the beginning of a privately-owned investment holding company for the group- IDM Global Holdings (Hong Kong) Limited focusing on investments in to international mining, production management and full mining services companies based in West and East Africa.

     

     

     

     

     

     

     

     

     

  • Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

    Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

    PARIS, France, February 17, 2025/ — Africa’s energy sector is seeing growing interest from Islamic financial institutions, as demonstrated by the recent $400 million Murabaha financing secured by Africa Finance Corporation (AFC).
    This transaction not only underscores the growing role of Islamic finance in Africa’s infrastructure development, but also highlights significant opportunities for deeper financial cooperation between Arab and African nations in the energy sector.

    The strong demand for AFC’s facility, which attracted 11 Islamic financial institutions – including Abu Dhabi Islamic Bank, Al Rajhi Bank and Emirates Islamic Bank – signals growing appetite among Middle Eastern banks to engage in Africa’s development.

    The facility, upsized from an initial $300 million due to high investor interest, reinforces AFC’s strategy to diversify its funding base and aligns with broader efforts to expand energy investment partnerships between Arab and African countries.

    Islamic finance is emerging as a key source of funding for Africa’s energy sector, particularly for large-scale infrastructure projects. The Murabaha financing structure used in AFC’s deal aligns with Sharia principles, offering an attractive and ethical investment vehicle for Middle Eastern and North African financial institutions seeking exposure to African markets.

    This move complements AFC’s recent $500 million hybrid bond issuance and the corporation’s ongoing efforts to attract diverse capital sources, including potential Panda bonds in China.

    Opportunities for Arab Investment in Africa’s Energy Future

    The increasing participation of Islamic banks and financial institutions presents a strategic opportunity for Middle Eastern nations to play a larger role in Africa’s energy transition.

    Countries such as the UAE, Saudi Arabia and Qatar have well-capitalized financial institutions and sovereign wealth funds that can accelerate Africa’s energy infrastructure expansion, particularly in natural gas, renewables and power generation.

    Arab nations already have a growing footprint in Africa’s energy sector. The UAE’s Masdar has been investing in renewable projects across North and sub-Saharan Africa – committing $10 billion to deliver 10 GW of clean energy capacity in Africa by 2030 – while Saudi Arabia’s ACWA Power has been involved in developing solar and desalination projects across the continent.

    QatarEnergy has been actively advancing hydrocarbon exploration in Africa, expanding its interests in Namibia’s offshore Orange Basin, while ADNOC has strengthened its footprint by acquiring a 10% stake in the Area 4 concession of Mozambique’s Rovuma Basin.
    However, there remains significant untapped potential for Arab-African cooperation, particularly in financing LNG terminals, gas-to-power projects and oil and gas exploration. Countries like Egypt, Algeria and Libya, which straddle both regions, can serve as financial and logistical bridges between Middle Eastern investors and African energy markets.

    The Role of Energy-Focused Islamic Finance

    The AFC’s Murabaha financing comes at a time when global Islamic finance is experiencing sustained growth, with assets expected to see high single-digit expansion through 2025, according to S&P Global Ratings.

    This growth is supported by strong balance sheets, high profitability and increasing regulatory backing. The surge in Islamic finance presents a timely opportunity for African energy projects, which require significant capital investment to meet the continent’s growing energy demand.

    One of the major advantages of Islamic finance is its alignment with sustainable investment principles, making it particularly attractive for funding Africa’s energy transition.

    In addition to AFC’s investment in renewable energy ventures such as Xlinks’ renewable energy initiative and the expansion of Lekela Power’s 3 GW capacity target, Islamic financial institutions could extend their involvement to Africa’s gas sector, which is viewed as a transitional fuel to bridge the energy gap.

    Strengthening Arab-African Partnerships at IAE 2025

    The increasing role of Middle Eastern finance in Africa’s energy sector will be a critical focus at the upcoming Invest in African Energy (IAE) Forum in Paris this May.

    Serving as the premier African energy project showcase outside of the continent, IAE 2025 provides a space for African governments, investors and key financial players from the Middle East to explore new partnerships and drive investment in gas, LNG and broader energy infrastructure projects.
    By tapping into Islamic finance, African countries can secure critical capital to accelerate its energy development. At the same time, Arab nations stand to benefit from deeper economic integration with Africa, gaining access to new markets and resources. The AFC’s successful Murabaha financing serves as a strong indicator that the time is ripe for greater energy sector collaboration between Africa and the Middle East.

    IAE 2025 (http://apo-opa.co/4hC0kAA) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • Wa Gold Project, Upper West Region, Ghana gets a Booster

    Wa Gold Project, Upper West Region, Ghana gets a Booster

    Report: Mohammed A.Abu

    A quite impressive mineralisation encountered at the Kpali Gold Prospect  under the Wa Gold Project announced recently by Castle Minerals comes as a further boost to the Upper West Region’s image as an emerging gold province

    The project with multiple prospects is the single largest commercial gold concession in the entire Northern sector that promises to offer a maiden  commercial mining operation in the region.

    Castle Executive Chairman, Stephen Stone, commented “The Kpali Gold Prospect is developing into a robust discovery and is a strong indicator that we may be dealing with a new West African gold mining camp in Ghana’s emerging northern region.

    “The latest intercepts include some very decent widths and grades at shallow depths with good continuity which can have considerable positive impacts should mining be considered.

    “We have intersected a very impressive 12m at 8.29g/t Au from 25m, including 6m at 11.60g/t Au from 31m and a peak 1m intercept of 20.43g/t Au at 36m in a ‘hangingwall’ lode, and also 4m at 4.16g/t Au from 95m in a lower ‘footwall’ lode. Apart from these standout results, very strong mineralisation has been encountered within most holes drilled, implying that with additional drilling we may be able to delineate a decent high value deposit.

    “We are very keen to get back drilling and to extend the Kpali Gold Prospect discovery as well as to follow-up historical drilling at the nearby Bundi discovery, 4km north. There are also several other enticing prospects in the broader Kpali Gold Project area.

    “These drilling results follow excellent recent results from four holes at the Kandia Prospect, a second and separate gold discovery associated with a relatively underexplored 16km prospective contact between Birimian metasediments and a granite intrusion.

    “Recent intercepts at Kandia included 7m at 3.36g/t Au from 149m within 24m at 1.78g/t Au from 139m and 5m at 3.49g/t Au from 82m within 11m at 2.26g/t Au from 79m.

    “These deposits lie in a classic setting for major gold deposits in West Africa and in particular northern Ghana which hosts the Cardinal Resources 5.1Moz gold Namdini deposit and the Azumah Resources 2.8Moz gold Black Volta Gold Project.

    “The latter’s high-grade Julie deposit is immediately along strike from Kandia. West Africa is where big gold discoveries can be and are still being made. With the gold price now at a level I could only dream of when starting my career, it’s the perfect time to be exploring Castle’s two new discoveries in the very stable, safe and mining friendly jurisdiction of Ghana

    “Castle Minerals Limited (“Castle” or the “Company”) advises that a recently completed eight-hole, 1,106m RC drill programme at its Kpali Gold Prospect in Ghana’s Upper West Region (“Project”, “Kpali”) has intersected mineralisation in all holes including 12m at 8.29g/t Au from 25m including 6m at 11.60g/t Au from 31m and a peak 1m intercept of 20.43g/t Au at 36m in an interpreted ‘hangingwall’ lode and then 4m at 4.16g/t Au from 95m in a lower “footwall” lode (24KPRC010).

    “Additional intercepts included 7m at 2.23g/t Au from 35m(24KPRC011) including 11m at 2.24g/t Au from 50m, 5m at 3.6g/t Au from 78m (24KPRC012), 9m at 4.81g/t Au from 107m (24KPRC015) and 3m at 3.08g/t Au from 78m (KPRC017).

    “These results confirm the Kpali Gold Prospect, just one of several prospects within the broader Kpali Gold Project, as a robust discovery in a completely new district within Ghana’s emerging Northern Region exploration frontier.

    “With several other high conviction prospects yet to be evaluated in the area, including the nearby Bundi, Kpali East, Wa South East and Wa South West prospects, there appears to be present all the hallmarks of a new West African mining camp and the possibility of a considerable gold endowment.

    “The Kpali Gold Prospect lies within a mineralised corridor associated with a 30m to 50m wide zone of structural deformation immediately west of a granite intrusion.

    “Three drilling programmes have identified near-surface, shallow plunging high-grade lode-style mineralisation to a depth of at least 100m. Multiple, closely-spaced mineralised lodes have been identified over at least 650m strike.

    “Overall, the geological setting at the broader Kpali Gold Project is of typically structurally-controlled, orogenic style mineralisation within Birimian terrane. This is a similar setting as that hosting several worldclass gold mining operations in Ghana and West Africa generally. Orebodies with these characteristics can often extend to considerable depth.

    “This latest drilling programme focused specifically on extending zones of high-grade, lode-based mineralisation that appears to plunge to the north. Better intercepts (>1g/t Au, max 2m internal dilution) from the eight holes completed included: • 12m at 8.29g/t Au from 25m (24KPRC010) incl. • 6m at 11.60g/t Au from 31m and • a peak 1m intercept value of 20.43g/t Au at 36m and • 4m at 4.16g/t Au from 95m among others

    “These latest results enhance the confidence obtained from the two prior programmes which included 4m at 3.66g/t Au from 26m, 3m at 5.20g/t Au from 125m, 28m at 2.26g/t Au from 81m including 5m at 8.41g/t, 10m at 2.01g/t Au, 5m at 4.53g/t Au, 11m at 1.86 g/t Au from 143m and 3m at 5.20g/t Au from 125m

    “Northern Ghana and the Kpali Gold Project A compelling driver for exploring Northern Ghana’s Kpali Gold Project is its advantageous location at the convergence of two major greenstone belts (Bole-Bolgatanga and Wa-Lawra/Boromo) and three regional-scale structures.

    “These are all associated with gold deposits. This supports the thesis that the region provides a large and prospective “search base” for the discovery of a major new West African mining camp. Northern Ghana has more recently seen two of West Africa’s better discoveries and success stories.

    “The 5.1Moz Namdini gold deposit, discovered by Cardinal Resources Limited prior to its takeover by Shandong Gold Limited in 2020, has just been commissioned and lies on the same Bole-Bolgatanga Birimian greenstone belt as Castle’s Kandia discovery.

    The Azumah Resources Limited owned 2.8Moz Black Volta Gold Project (“BVGP”) is earmarked for development in 2025. A majority of this gold was discovered by Castle’s Executive Chairman, Stephen Stone, under his former stewardship of Azumah. Castle’s Kandia mineralised trend is immediately along strike of the BVGP’s high-grade Julie deposit.

    The discovery of mineralisation at the Kpali Gold Project’s Kpali, Bundi, Kpali East, Wa South East and Wa South West prospects are essentially “blind” discoveries in that the bedrock hosting mineralisation is largely obscured by extensive but generally shallow soils and alluvium.

    This explains the lack of artisanal mining activity which often leads explorers into a new area. Castle’s structured and systematic approach to exploration in this environment is proving highly effective across its extensive tenure.

    What’s next at Kpali?

    The enormous encouragement from this latest drilling campaign at the Kpali Gold Prospect, and the presence of several other high conviction targets within the Kpali Gold Project, the announcement continues, reinforces Castle’s belief that one or more material discoveries could be made.

    “Once the information provided by this latest round of drilling has been fully processed, integrated with existing data and fully interpreted, a follow-up drilling campaign will be designed and implemented.

    “Kandia and other Wa Gold Project prospects The Company’s Wa Gold Project comprises extensive tenure prospective for gold within Ghana’s Upper West Region. As well as the Kpali Gold Project and the Kandia Project, there are many other targets worthy of investigation on a prioritised basis.

    “Recent intercepts at Kandia included 7m at 3.36g/t Au from 149m within 24m at 1.78g/t Au from 139m and 5m at 3.49g/t Au from 82m within 11m at 2.26g/t Au from 79m (refer ASX release 28 Jan 2025 ‘Excellent Gold Intercepts from Drilling at Kandia Prospect’).

    West Africa is one of the world’s premier regions to be exploring for gold, delivering an enviable fifteen discoveries of over two million ounces each since 2012. Ghana’s northern region is now considered one of the best areas to find more of these. Ghana is rated one of Africa’s most preferred jurisdictions for exploration and mining.

    It is Africa’s number one gold producer at over 5Moz in 2024 and is the sixth largest gold producer in the world. It is host to several massive deposits operated by Tier-One companies such as Newmont, AngloGold-Ashanti and Zijin, which recently paid Newmont US$1 billion for its Akyem mine

     

     

     

  • Africa Finance Corporation and the Export-Import Bank of China (CEXIM) Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa

    Africa Finance Corporation and the Export-Import Bank of China (CEXIM) Strengthen Partnership to Drive Trade and Infrastructure Growth Across Africa

    BEIJING, China, February 14, 2025/ — Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to deepen collaboration in financing strategic infrastructure and trade projects across Africa.

    The agreement builds upon an existing relationship between the two institutions, dating back to 2018, and reinforces a shared commitment to accelerating economic development through sustainable investments. To date, AFC has secured a total of US$700 million in financing from CEXIM, including a US$300 million facility in 2018 and another US$400 million loan in 2023.

    This renewed partnership will focus on financing trade and investment projects in key sectors such as clean energy, transportation, telecommunications, and climate change mitigation, while also facilitating knowledge exchange and collaboration on best practices in project structuring and risk management.

    “Our partnership with CEXIM strengthens Africa’s trade and investment ties with China, creating new pathways for infrastructure development and industrial growth,” said Samaila Zubairu, President & CEO of AFC. “Strategic collaborations like this are key to accelerating Africa’s industrialisation and with CEXIM’s support, we are unlocking opportunities to build more resilient economies, mobilise capital at scale, and drive long-term prosperity across the continent.”

    AFC has been steadily expanding its presence in the Chinese financial markets recently securing an AAA domestic credit rating from China Chengxin International Credit Rating Co. Ltd (CCXI) and an AAAspc issuer credit rating from S&P Ratings (China) Co., Ltd.

    These ratings demonstrate AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding. AFC also finalised a US$1.16 billion syndicated loan last year, co-led by the Bank of China and the Industrial and Commercial Bank of China (ICBC) London Branch.

    This collaboration underscores AFC and CEXIM’s mutual goal of fostering economic integration and sustainable development across Africa. Through this partnership, the two institutions will work together to mobilise funding for high-impact projects, enhance trade finance solutions, and support private sector growth across the continent.

    Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

    Media Enquiries:
    Yewande Thorpe
    Communications
    Africa Finance Corporation
    Mobile: +234 1 279 9654
    Email: yewande.thorpe@africafc.org

  • African Mining Week (AMW) to Showcase Africa’s Rising Investment Potential in the Mining Sector

    African Mining Week (AMW) to Showcase Africa’s Rising Investment Potential in the Mining Sector

    International investments in Africa’s mining sector are surging as global demand for both traditional and emerging minerals continues to grow. For example, Australian mining firms saw their asset value in Africa reach $60 billion in 2024, while Canadian firms’ assets climbed to $37 billion.
    China also launched an ambitious $50 billion, three-year investment strategy targeting increased stakes in Africa’s most lucrative opportunities including in the mining sector.
    This was contained in a recent official statement issued by Energy Capital Power

    The upcoming African Mining Week Summit, scheduled for October 1 – 3 in Cape Town, the statement disclosed,will highlight profitable opportunities within Africa’s mining industry and reinforce the continent’s attractiveness as an investment destination for global mining financiers.

    Untapped Mineral Deposits

    Africa’s vast, untapped mineral resources present potential for new investments. The continent holds 30% of the world’s critical minerals (https://apo-opa.co/3ClkUGd) essential for the energy transition, including the largest global reserves of cobalt (in the Democratic Republic of Congo) and over 80% of the world’s platinum group metals in South Africa. The continent accounts for more than 44% of global diamond production, while its share of the gold market continues to grow, with markets such as Ghana, Mali and Zimbabwe ramping up production.

    Supportive Policies and Investor-Friendly Terms

    African governments are enhancing the investment climate within the mining industry by enacting new policies and modernizing fiscal terms to streamline processes and reduce delays in project rollouts. Zambia, for instance, introduced a New Mining Tax Regime in 2023, improving transparency and reducing tax evasion, as the country targets a copper production target of three million tons by 2032.

    Mali has also experienced increased investment flows following its 2023 Mining Code, with global players such as HummingGold, B2Gold and Ganfeng committing to new lithium and gold projects. Malawi has also taken steps to attract investments by launching its Mining Regulatory Authority in October 2024, supported by the Mines and Minerals Act of 2023.

    Improved Mining and Export Infrastructure

    African nations are enhancing cooperation with global partners to improve mining production and mineral transportation infrastructure. For example, investment firm Africa Finance Corporation has announced that the Zambia-Lobito Railway project will commence (https://apo-opa.co/3Q0RcJL) construction in early 2026, to facilitate the efficient and cost-effective transportation of critical minerals from East and Southern Africa to global markets.

    Upgrades to the Tanzania-Zambia Railway (https://apo-opa.co/3PXFeAE) and South Africa’s modernization of ports through freight operator, Transnet, are further enhancing the region’s mining investment prospects.

    Rich Mining History

    Africa’s established history as a global mining hub has fostered the development of key infrastructure and a skilled workforce that international mining firms rely on to meet global mineral demand. Mining remains a cornerstone of many African economies, attracting both traditional and emerging players keen to expand their operations and leverage the continent’s resources. With its rich deposits and ongoing improvements in policy and infrastructure, Africa maintains its position as a key investment destination for the global mining industry.

    African Mining Week will serve as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference (https://apo-opa.co/4htJMdI) from October 1 -3. in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com

    Distributed by APO Group on behalf of Energy Capital & Power.

    SOURCE

    Energy Capital & Power

  • AD Ports Group Starts Port and Logistics Operations in Luanda, Angola

    AD Ports Group Starts Port and Logistics Operations in Luanda, Angola

    LUANDA, Angola, January 31, 2025/ — AD Ports Group (www.ADPortsGroup.com), a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), today began its long-term management and development of a major multipurpose terminal and an associated logistics business with local partners in Luanda, Angola, driving forward its expansion in sub-Saharan Africa.

    With Angolan joint venture partners Unicargas and Multiparques, AD Ports Group started operations at Noatum Ports Luanda Terminal in the country’s largest port. The Port of Luanda handles about 76% of Angola’s container and general cargo volumes, as well as providing maritime access to landlocked neighbours Democratic Republic of the Congo and Zambia.

    AD Ports Group has a 81% stake in the multipurpose terminal venture with Unicargas and Multiparques, and a 90% stake in the logistics venture with Unicargas.

    Under a 20-year concession agreement with the Luanda Port Authority signed in April 2024, AD Ports Group committed to invest around USD 250 million through 2026 to modernise the terminal and to develop Noatum Unicargas Logistics, the joint venture providing integrated logistics, transport and freight forwarding services for local, regional and international clients.

    With the terminal’s opening today, trading began at Noatum Unicargas Logistics. Noatum Unicargas Logistics is making a significant investment in new trucks and systems and will be fully integrated with the Noatum Logistics global network to strengthen Angola’s access to international markets and drive investment-led growth in the Angolan economy.

    In line with market demand, AD Ports Group’s investment could increase to USD 380 million over the life of the concession, which could be extended by another 10 years.

    In late 2024, AD Ports Group also signed two agreements with the Angolan government that confer significant tax and financial benefits to the operating subsidiaries of the Group.

    The meaningful investments are also expected to result in the creation of thousands of local direct and indirect jobs, and in training and upskilling. The planned investments include equipment and technology solutions that will enable environmentally sustainable operations, with lower carbon emissions.

    Mohamed Eidha Al Menhali, Regional CEO of AD Ports Group, said: “With the planned upgrade of Luanda’s multipurpose port terminal, and establishment of an integrated logistics and freight forwarding business leveraging our Group’s global network and reach, AD Ports Group is positioned to capture the growth in Angola’s container volumes, which are forecast to rise on average by 3.3% annually over the next decade. In line with the direction of our wise leadership, this significant investment by our Group and its partners will strengthen the country’s ties with the UAE and bring jobs and economic prosperity to the citizens of Angola.’’

    His Excellency Ricardo Daniel Sandão Queirós Viegas D¢Abreu, Minister of Transport, Angola, said: 

    “The Port of Luanda is the main maritime gateway to Angola, a critical hub for regional trade and for the economic vitality of the country and its neighbors. Through the strategic partnership with the AD Ports Group, an integral part of a broader effort involving various stakeholders, we will transform the Port of Luanda into a modern and multifaceted facility that will significantly enhance our logistical capabilities and drive economic growth across the central and western regions of the African continent. This collaboration represents a significant milestone in our mission to modernize infrastructure and expand access to global trade, promising a prosperous future for Angola and its partners,” emphasizes Angola’s Minister of Transport, Ricardo Viegas d’Abreu.

    The same official adds that the investment “the ADP Group can count on the commitment of the Angolan Government in everything necessary so that the planned investment (over 250 million dollars) delivers the desired results for all parties involved.”

    Today’s commencement and transfer of business assets occurred seamlessly without interruption in terminal operations, which are planned to continue uninterrupted as AD Ports Group and its partners improve terminal efficiency and operating performance. The Group is also committed to improving health and safety at the terminal, and has already begun to put into place a best-in-class Health, Safety, and Environment (HSE) programme to manage and control workplace hazards, environmental risks, and employee well-being.

    Under AD Ports Group’s leadership, the Luanda port terminal will be significantly upgraded to a general cargo, container and roll on-roll off (Ro-Ro) terminal. It will be the only terminal in the Port of Luanda with 16 metres of depth alongside and therefore be able to handle Super Post Panamax vessels of up to 14,000 TEUs (Twenty Foot Equivalent Units). The terminal area of 192,000 sqm will be re-engineered to support high density and efficient container handling, and will be equipped with state-of-the-art equipment and modern IT systems.

    AD Ports Group has expanded into Africa over the past three years, announcing more than USD 800 million in planned investments in the maritime and shipping, ports and logistics sectors in Egypt, the Republic of Congo, Tanzania and Angola.

    The decision to enter Angola followed the signing of a 2023 framework agreement between AD Ports Group and the Government of Angola to explore cooperation in transport and maritime infrastructure.

    New container handling equipment will be installed by the third quarter of 2026 that will greatly boost container capacity from 25,000 TEUs to 350,000 TEUs, and Ro-Ro volumes to over 40,000 vehicles. On 11 September 2024, AD Ports Group awarded contracts to Shanghai Zhenhua Heavy Industries Co. Ltd (“ZPMC”), one of the largest port machinery manufacturers in the world, to supply three Super Post-Panamax STS cranes and eight hybrid Rubber Tyred Gantry (RTG) cranes for the Luanda terminal.

    Super Post-Panamax STS cranes are the largest port cranes on the market, capable of reaching 21 container rows and a distance of 60 metres. Hybrid RTG cranes can save up to 60% of diesel in comparison to a traditional diesel RTG cranes, which is equivalent to 1 million litres per year and 5,000 metric tonnes of CO2 emissions.

    In the Angolan logistics venture, Noatum Unicargas Logistics will invest in new machinery, reefer and flat-bed trucks, and upgrade IT systems to integrate seamlessly across Noatum Logistics’ digital ecosystem, providing full end-to-end supply chain visibility and enhanced operational efficiency.

    Distributed by APO Group on behalf of AD Ports Group.
  • Oando Publishes N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in Full Year (FY) 2024 Results

    Oando Publishes N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in Full Year (FY) 2024 Results

    LAGOS, Nigeria, February 1, 2025/ — Oando PLC (www.OandoPLC.com), Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results.

    The company’s 2024 performance showcases a consistent upward trajectory following its announcement of N65.5 billion in profit after tax.

    Speaking on the results, Group Chief Executive, Oando PLC, Wale Tinubu CON, commented, “2024 was a year of transformation for Oando, the key highlight being our successful acquisition and subsequent integration of NAOC Ltd, which significantly enhanced our production capacity, attaining peak operated production of 103,206boepd and net entitlements of 45,000 boepd.

    Despite a challenging operating environment, we achieved a 45% increase in revenue to ₦4.1 trillion, reflecting the strength of our business model, and a 9% rise in profit after tax to ₦65.5 billion, notwithstanding the costs associated with the onboarding of NAOC.”

    Oando’s production for the twelve months ended December 31, 2024, averaged 23,911 barrels of oil equivalent per day (boe/d), an increase from the 23,258 boe/d achieved in 2023. This growth was primarily driven by the acquisition of an additional 20% stake in the NAOC JV in Q4, partially offset by production disruptions due to shut-in wells resulting from sabotage activities.

    Additionally, the Group incurred $18.1 million on capital expenditures related to the development of oil and gas assets and exploration and evaluation activities, compared to $52.3 million in the twelve months to December 31, 2023.

    Looking ahead to 2025, Tinubu stated, “In 2025, our priority shall be to drive cost optimization, operational efficiency, streamline processes, enhance procurement, and leverage technology to improve productivity across our operations. In parallel, we will intensify efforts to boost production through the dual approach of rig-less and workover initiatives while executing an aggressive drilling program across three rig lines.

    Simultaneously, in collaboration with other stakeholders, we are proactively tackling above-ground security challenges by implementing a revamped security framework that integrates advanced surveillance technology and intelligence-driven initiatives to curb the perennial, unnecessary, and unjustifiable theft of oil to ensure the long-term integrity of our vast network.

    As we look ahead to an exciting and successful 2025, we recognize that achieving our goals requires the unwavering support of our host communities and partners. Through extensive engagement, we will foster a collaborative ecosystem that not only secures our operations but also drives shared prosperity and sustainable development for all.”

    As the company prepares for its 2025 targets, it is bolstered by optimistic oil demand predictions. The U.S. Energy Information Administration’s (EIA) global oil demand predictions forecast global demand to grow by 1.3 million barrels per day (bpd) in 2025, a significant increase from the estimated growth of 0.9 million b/d in 2024. This projected growth surpasses the pre-pandemic 10-year average (2010-2019) of 1.5 million bpd, indicating a positive trajectory for the global oil market.

    With this announcement, Oando enters 2025 on a strong foundation. The announcement brings the company up to date on its financial reporting, successfully meeting all regulatory requirements. Notwithstanding the operational realities, Oando is positioned to build on the momentum of a successful 2024 committed to its strategic vision of becoming Africa’s first international oil company (IOC) by leveraging its strong operational capabilities and strategic partnerships to deliver value to its stakeholders.

    Distributed by APO Group on behalf of Oando PLC.

    SOURCE

    Oando PLC

  • African Energy Ministers, National Oil Companies (NOCs) and Regulators Stand Out Among African Energy Chamber’s (AEC) 2025 Movers and Shakers

    African Energy Ministers, National Oil Companies (NOCs) and Regulators Stand Out Among African Energy Chamber’s (AEC) 2025 Movers and Shakers

    JOHANNESBURG, South Africa, January 28, 2025/ — Key African energy ministers, national oil companies (NOCs) and regulators have been recognized for their contributions to advancing hydrocarbon exploration, LNG megaprojects and policy reforms in the African Energy Chamber’s (www.EnergyChamber.org) Top 40 Movers and Shakers to Watch in 2025 list.

    Namibia’s Tom Alweendo, Minister of Mines and Energy, is at the forefront of the country’s emerging oil industry. With first oil expected by 2029 and a pioneering local content policy in place, Minister Alweendo is focused on translating Orange Basin discoveries into tangible development, while balancing investor and community needs

    In the Republic of Congo, Bruno Jean-Richard Itoua, Minister of Hydrocarbons, has led milestones including the country’s first LNG exports and the Banga Kayo gas project. As Congo prepares for a 2025 licensing round and implements its Gas Master Plan, Minister Itoua’s leadership will be critical in positioning the country as a leading energy hub.

    Equatorial Guinea’s Antonio Oburu Ondo, Minister of Mines and Hydrocarbons, is driving efforts to reverse declining oil and gas production. Minister Ondo is tasked with securing investment, implementing the Gulf of Guinea gas pipeline project with Nigeria, and advancing the Yoyo-Yolanda gas project to revitalize the country’s energy sector.

    Africa’s leading NOCs and regulators were also recognized for their pivotal role in driving energy sector developments in 2025. Godfrey Moagi, CEO of South Africa’s National Petroleum Company (SANPC), is spearheading efforts to develop the Brulpadda and Luiperd discoveries, while advancing gas-to-power projects at Saldanha Bay, Richards Bay and Coega LNG terminals. Moagi’s leadership will determine SANPC’s ability to establish itself as a key player in the country’s energy transition.

    In Angola, Sebastião Gaspar Martins, CEO of Sonangol, is driving a sweeping transformation to restore the company’s profitability. With strategic partnerships, operational streamlining and the sale of non-core assets, Sonangol is poised to emerge as a more efficient and competitive entity under his guidance.

    Maxient Raoul Ominga, Managing Director of SNPC, is spearheading initiatives in the Republic of Congo to boost oil production to 500,000 barrels per day. Through the development of key fields and implementation of the Gas Master Plan,

    Ominga is positioning Congo as a competitive gas player while reducing flaring and diversifying revenue streams. In Ivory Coast, Fatoumata Sanogo, CEO of PETROCI, is driving hydrocarbon development through strategic partnerships with TotalEnergies and Eni. With the Baleine field development on track to significantly boost production by 2025, PETROCI is cementing the country’s position as a regional energy hub.

    Sylvia dos Anjos, Head of E&P at Petrobras, is leading the Brazilian NOC’s ambitious re-entry into Africa, targeting markets in Namibia, South Africa and Angola. Her vision focuses on leveraging untapped reserves to establish Petrobras as a competitive player and strengthen Brazil’s partnership with Africa. In Sierra Leone, Foday Mansaray, Director General of the Petroleum Directorate, is fostering investment in offshore oil and gas exploration.

    Following the successful conclusion of Sierra Leone’s fifth licensing round, Mansaray is focused on turning interest into tangible exploration and production gains.

    As Africa’s energy future continues to unfold, the AEC remains committed to recognizing and supporting the leaders who are making transformative impacts in the sector. For the full Africa’s Top 40 Movers and Shakers to Watch in 2025 list, visit www.EnergyChamber.org

    Distributed by APO Group on behalf of African Energy Chamber.

    SOURCE
    African Energy Chamber

     

  • Africa Investment Forum 2024: Turning Continent’s Potential into Bankable Opportunities

    Africa Investment Forum 2024: Turning Continent’s Potential into Bankable Opportunities

    RABAT, Morocco, December 6, 2024/ —

    • $15 billion in deals already originated
    • Private capital in Africa will be more attractive than other emerging markets in five years’ time
    • Africa has the lowest infrastructure default rates in the world—Moody’s Analytics

    The Africa Investment Forum kicked off its 2024 Market Days in Rabat, Morocco, with leaders highlighting the continent’s bankability and readiness for investment.

    In her welcoming remarks, Morocco’s Minister of Economy and Finance Nadia Fettah Alaoui told more than 1,000 delegates that this year’s Forum was a critical moment for creating a prosperous Africa: “The long-awaited rise of our continent rests on securing financing and we must act collectively to achieve this”.

    She further emphasized: “I’m deeply convinced that the Africa Investment Forum 2024 will be a privileged opportunity to enrich our common reflection, explore innovative solutions to persistent challenges, while strengthening the strong partnerships to make our aspirations a reality.”

    The president of the African Development Bank Group, Dr. Akinwumi Adesina, chairman of the Africa Investment Forum, said capital must be deployed to meet opportunities. “I am fully convinced that the accelerated development of Africa requires greater mobilization of private capital.”

    Under the theme “Leveraging innovative partnerships to scale up (http://apo-opa.co/4iyOYOS),” this year’s Market Days event brings together over 500 business leaders and SMEs to discuss why Africa, with 39% of the world’s population under the age of 20 and a market of 2.5 billion consumers by 2050, is the place to invest today and in the future.

    Adesina announced that $15 billion in deals have already been originated this year, with 41 boardrooms ready for follow-up discussions on diverse African investment opportunities spanning mining, water and sanitation, food and agriculture, renewable energy and transportation and seaports.

    “The theme of this Africa Investment Forum is leveraging at scale. It’s about how to make things happen at scale for Africa,” Adesina said. “Africa doesn’t have time for Mickey Mouse investments, we need investment at scale. We must make room for capital to be deployed to meet opportunities in Africa. At the Africa Investment Forum, this is the driving principle that brought us together as founding members.”

    The forum is an initiative of nine development finance institutions—the African Development Bank, Africa50, Afreximbank, the Development Bank of Southern Africa, the Islamic Development Bank, the European Investment Bank, Trade and Development Bank the Africa Finance Corporation, and the Arab Bank for Economic Development in Africa.

    A prime example of the collaborative partnership by the Forum’s founding partners is the Lobito Corridor in Angola, a $10 billion infrastructure project featuring rail, road, bridges, telecommunications, energy, and agribusiness developments. Key project partners include the African Development Bank which committed about $500 million, Africa Finance Corporation, serving as overall Project Developer and the Development Bank of Southern Africa which leads the first project phase.

    The corridor will create thousands of jobs and facilitate regional integration across Angola, Democratic Republic of Congo, and Zambia. The United States (http://apo-opa.co/4fRM5qx) and the European Commission are among global partners who signed a Memorandum of Understanding (http://apo-opa.co/3ZFi8Ex) in October 2023 to mobilise resources for the Lobito Corridor.

    Highlighting Africa’s mineral potential, he noted that the continent possesses 90% of the world’s platinum, 95% of its chromium, and two-thirds of global cobalt.

    “With 30% of the world’s lithium Africa is a key part of the Electric Vehicle market. This $7 trillion market will grow to $59 trillion by 2050. With strategic investment, Africa can become a great energy hub for the world,” he added.

    Citing an Asset Managers’ survey, Adesina revealed that 85% of managers expect to increase private capital allocation to Africa, while 52% anticipate Africa’s private capital becoming more attractive in the next five years.

    “Our focus is on a triple mandate, to advance high-impact projects to bankability, raise capital and accelerate the closure of deals. By focusing on investment facilitation for Africa, the Africa Investment Forum has become the premier investment platform for Africa,” Adesina said.

    Since its inception in 2018, the Africa Investment Forum has generated $180 billion of investor interests and closed transactions worth $30 billion.

    During a panel discussion, representatives of the founding partners shared practical cases of projects their respective institutions have engaged in through partnership with private entities and governments.

    With three days of market days now underway in Rabat, Adesina’s rallying cry resonates:

    “Africa is bankable – let the deals begin!”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    Peter Burdin
    Communication and External Relations Department
    media@afdb.org

  • ACECN makes a Stronger Case for Africa’s Emerging Sustainable Built Environment

    ACECN makes a Stronger Case for Africa’s Emerging Sustainable Built Environment

    By: Mohammed A. Abu

    The second edition of African Continental Engineering, Architecture, Construction and Real Estate Summit(ACEACRES,2024) the flagship event of the Africa Continental Engineering & Construction Network Ltd (ACECN),the organizing company, recently ended successfully  in Ghana’s capital city of Accra with a clarion call on the need to include sustainability practices especially in Ghana, Africa’s Sustainable Urban Built Environment.

    Professor, Taddeo Rusoke, a Ugandan Governance and Nature Solution Expert said, the sustainability practices included, allowing space for Green Belts, Green Spaces, Green Natural Gardens, Flower Gardens, Backyard Gardens, and Tree Growing.

    This he noted, will contribute to ambient environment that is naturally aerated by trees. Prof Busoke was one of the Key Speakers who made a presentation titled, “The Future of Forest Conservation in the Wake of Rising Global Housing Demand”

    In his concluding remarks, Mr. Daniel Kontie the convenor and CEO of ACECN, in partnership with other industry stakeholders, stressed the need to rotate the Summit across the African continent.

    Even though he was emphatic about holding the third edition in Ghana, he added that subsequent editions will either be hosted by Nigeria or Uganda in a rotating order.

    Held under the theme, “INTEGRATING SUSTAINABLE BUILT ENVIRONMENT FOR SOCIO-ECONOMIC TRANSFORMATION THROUGH THE USE OF NEW GENERATION TECHNOLOGY AND GENERATIVE ARTIFICIAL INTELLIGENCE”., the event brought together all sector players across the African continent and beyond to discuss industry best practices, modern innovations and technologies that are shaping the future of built environments across the globe.

    The event attracted a wide range of stakeholders in the built environment; the building contractors, construction firms, engineers, surveyors, planners, architects, project managers, land economists, real estate developers, builders, landscaping professionals, real estate professionals, building construction, professional Institutions, investors among others

    The Summit recorded a little over three hundred (300) in-person participants from Nigeria, Uganda and the United States of America (USA), with majority from the host country Ghana.

    Africa

    Nigeria

    Some of the high profile in-person participants from the African Continent were the keynote speaker Madam Engr. Margaret Aina Oguntala, FNSE, President, Nigerian Society of Engineers (NSE) Engr. Olu Ogunduyile FNSE Vice President, Council for the Regulation of Engineering in Nigeria (COREN),  Engr Dr. Modasiru Bola J. (Principal Partner, Prolarank Nigeria Ltd and General Secretary, the Nigerian Institution of Highways and Transportation Engineer (NIHTE),  Dr. Bldr. Abdulhakkeem Odegade, MD/CEO, Akmodel Group, Lagos, Nigeria,

    Mr, Stephen Merritt, USA, Roadbond EN1 & Technical Consultant, Jemba Solutions etc.

    Ghana

    Among the local industry leaders present were Ing. Isaac Bedu, Registrar, Engineering Council, Ghana, Engr. Seth Ayim, Executive Director, Institute of Engineering and Technology Ghana (IET-GH), Engr. Ben Debrah, National President, Local Government Service Engineers (LoGSEA), Engr. Awal Sakib Mohammed, National President, Ghana Electrical Contractors Association (GECA), Dr. Ebenezer Mireku, President, Commercial Quarry Operators Association (COQOA), Mr. Samuel Nii N. Tackie, National Vice President, Certified Electrical and Wiring Professionals Association (CEWPAG), Engr. Jacob Ansong, National President, Ghana Institution of Real Estate Brokers (GhIREB), Dr. Gabriel Apotey, member, Ghana Institute of Safety and Environmental Professionals (GhISEP) etc.

    East Africa

    Uganda

    Prof. Taddeo Rusoke, Climate Governance & Nature-Based Solutions Expert, Uganda, East Africa, Dr. John Rwakihembo, PhD (Accounting & Finance): Dean, Faculty of Business and Management Sciences, Mountain of the Moon University, Uganda, East Africa

    North America

    USA

    Mr., Stephen Merritt, USA, Roadbond EN1 & Technical Consultant.

    Issues Discussed

    Among the key issues discussed at the event was the urgency of integrating the African Built Environment, about which Mr. Daniel Kontie the convener of ACEACRES, 2024 and the CEO of the organizing company, the Africa Continental Engineering & Construction Network spoke passionately about.

    He added that, integration makes the cake no longer a national cake but a continental cake bigger than what anyone can bite hence making the opportunities bigger for all industry players.

    The others were major factors affecting the industry growth, the impact of AI on the built environment, the adoption of sustainability and how industry issues affect the delivery of housing and infrastructure in Ghana and Africa at large.

    Opportunity for Sponsors

    Sponsors had the opportunity to engage in B2B, B2C networking opportunities, with some connected with manufacturers, distributors, wholesaler’s retailers as well as end consumers. Many had the opportunity to meet potential investors, enhanced their brand visibility, generated real time leads, gained industry insights, modern trends, identified new business opportunities, sealed partnership deals, shared product knowledge and utility information with potential customers, demonstrated their unique selling proposition to potential customers, built strong network with influential industry players, connected with top-rated projects /contractors/professionals in Ghana and across the African continent etc.

    What Participants Stood to Gain

    Participants on their part,had the opportunity to network with industry leaders, access to cutting edge insights and new trends, learnt from successful case studies, built personal capacity for resilience, exposed to new business opportunities, gained inspiration and motivation from industry thought leaders, built relationship with potential employers/employees and mentors, accessed innovative products, met with potential investors, shared their perspective during Q&A session, identified lucrative business niches in the industry et cetera.

    Event Partners

    The event Partners include, the Ghana Institution of Engineering and Technology (IET-GH), the Association of Building and Civil Engineering Contractors of Ghana (ABCECG), the Ghana Electrical Contractors Association (GECA), Ghana Institute of Construction (GIOC), Certified Electrical Wiring Professionals Association (CEWPAG), Ghana Association of Real Estate Brokers (GAREB), Local Government Service Engineers Association (LoGSEA), Commercial Quarry Operators Association (COQOA), Engineering Council, Ghana, (EC), the Real Estate Council, (REAC), the Ghana Institute of Safety and Environmental Professionals (GhISEP), the Nigerian Society of Engineers (NSE) with Nimark Consult, and Culnad Construction Ltd, as construction firms among several others.

    Event Sponsors

    The Principal Sponsors of the event include, Gerflor Ghana, Meprolim Ghana, as headline sponsors. The rest are Premier Steel, McDan Group, Jemba Solutions Ltd, Fort Doors Ghana, the Primus Group, Alusynco Hellas Services Ltd, Marbelino Marble Stones Décor, Mayfair Estate Ltd, Reroy Cables Ltd, J2 Affable properties, Sethi Realty, Sethi Steel, Nimark Consult, ABS Properties, United Commercial Trading, Culnad Construction, CIMAF, Magil Enterprise Ltd.

    The organizer is the Africa Continental Engineering & Construction Network Ltd (ACECN), a Pan African built environment and real estate firm based in Ghana but with a wide range of projects and network of built environment professionals across the African continent and beyond.

    ACECN’s Objective

    “The objective, Mr. Kontie said, was to set the stage for the integration of the African built environment whilst creating the opportunity for more partnerships/collaborations and the promotion of sustainability for corporate growth and for the African continental prosperity at large”

    Mission

    The mission is to be the industry game-changer in the delivery of superior general built environment services in all disciplines while championing the course of contemporary innovations and sustainability geared towards the socio-economic transformation of the African continent.

    Vision

    Its vision is to be among Africa’s top five (5) built environment brands in the next 10 years from 2024 while creating a strong continental network and integration of Africa’s fragmented built environment through a high-power professional, intergovernmental and sustainability networking across the globe.

    In a post event exclusive interview with the Eco-Enviro News Africa magazine., Daniel Kontie, said, the Summit brought together all stakeholders of the African built environment.

    “It was indeed a time of introspection that examined the past, the present and projections into the future of the African built environment in this AI dispensation.

    “The core mandate was to communicate to all stakeholders yet again, the urgent need to integrate the African Built Environment for Socio-Economic Transformation of the African Continent.

    “It was by far Africa’s most impactful built environment and Real Estate Summit that brought together all sector players across the African continent and beyond to discuss industry best practices, modern innovations and technologies that are shaping the future of built environments across the globe” Mr. Kontie intimated.

    Objective

    “The objective, Mr. Kontie said, was to set the stage for the integration of the African built environment whilst creating the opportunity for more partnerships/collaborations and the promotion of sustainability for corporate growth and for the African continental prosperity at large”