| ACCRA, Ghana, May 28, 2025/ — The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector.
As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and sustainable practices. In April 2025, the Minister met with Park Kyongsig, Ambassador of the Republic of Korea (apo-opa.co/45r33JW) to Ghana, to explore bilateral cooperation on climate change and environmental protection. Their discussions centered on leveraging Korean expertise to restore water bodies impacted by illegal mining and address the root causes of environmental degradation. In February 2025, Hon. Muhammed reiterated the government’s commitment (apo-opa.co/4dV4wKZ) to leveraging local innovation as a driver of economic growth, particularly within key industries like mining, which continues to play a vital role in Ghana’s economy. Gold exports reached $11.6 billion in 2024, accounting for 57% of the country’s total export revenue, highlighting the sector’s significance in national development. In line with modernization efforts, the government, through the Minerals Commission of Ghana (apo-opa.co/3H8AM0P), is equipping the next generation of workers with skills in emerging technologies such as drones, which are being deployed to support automation and improve sector monitoring. Under the World Bank-funded Ghana Landscape Restoration and Small-Scale Mining Project (apo-opa.co/4kHR9Qr), the country is actively addressing land degradation and promoting sustainable practices among artisanal and small-scale miners, ensuring mining sector contribution to economic growth and long-term environmental and social sustainability. At Mining in Motion, Hon. Muhammed will engage with key stakeholders from the mining industry, academia and civil society to exchange insights on policy, innovation and the future of mineral resource governance in Ghana. The summit, led by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is hosted in partnership with the World Bank and the World Gold Council. Distributed by APO Group on behalf of Energy Capital & Power. For sponsorship opportunities or delegate participation, contact: About Mining in Motion Summit: SOURCE |
Category: Sustainability
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Global Attention Towards Africa Sours
By: Mohammed A. Abu
The 6th of March this year witnessed the Canadian Government’s launch of Canada-Africa Strategy-A Partnership for Shared Prosperity and Security.
“With this strategy, Canada is leveraging its long-standing partnerships with African countries to unlock unprecedented opportunities for prosperity and stability from which Canadians and the African people can mutually benefit for years to come,” said the Hon. Mélanie Joly, Minister of Foreign Affairs
This comes on the back of the African Union and Japan’s expression of commitment to co-creating a Sustainable Future for Africa at a Ministerial meeting ahead of the Tokyo International Conference on African Development(TICAD) 9 Summit last year.
On the occasion of the launch, a number of stakeholders, including Canada-Africa Chamber of Business members, were invited by the Government of Canada to join a briefing with PS Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs.
Invited Canada-Africa Chamber of Business members briefly convened for networking and information-sharing, over light refreshments, immediately preceding the briefing. “Aligned with the African Union’s continental blueprint, Agenda 2063: The Africa We Want, Canada’s Africa Strategy was developed over a 2-year period through extensive consultations with Canadian and international stakeholders and African partners and stakeholders,” noted Global Affairs Canada.
“PS Rob Oliphant effectively described the strategy as the basis for a work plan to which all stakeholders are invited to co-create and deliver as Team Canada,” said Paula Caldwell St-Onge, Chair of the Board of the Canada-Africa Chamber of Business.
The Chair added: “I am delighted so many Chamber members and sponsors have re-committed to their ongoing work across African markets – through economic engagement as businesses, in addition to supporting conference programs open to all Canadian companies and African counterparts. Ongoing discussions on this first-ever Africa Strategy will be included in upcoming conferences in Canada and African markets, to accelerate Canada-Africa trade and investment.”
The Chamber encourages all to get involved in the work plan process as it pertains to the role of businesses, and is committed to ongoing information-sharing, in line with our mission, to further the development of commercial ties – through networking and the exchange of best practice and innovation that enables economic prosperity for all.
As a non-partisan business organization, the Chamber also thanks and recognizes all elected leaders – from various parties and economic portfolios – both for their invitations to Chamber members to engage directly, as well as their participation in Chamber events as invited guests. Our members look forward to ongoing engagements on trade and investment, in the context of the private sector’s role in market-driven growth.
A number of Canada-Africa Chamber of Business members attended, following the briefing with their perspectives, and commitments, in support for Canada’s presence in African markets:
“We applaud the Honourable Minister Joly, Honourable Minister Ng, Honourable Minister Hussen, and Parliamentary Secretary Rob Oliphant on the launch of Canada’s first Africa Strategy,” said Christopher Berschel, CEO of Sealion Cargo Inc, a Chamber member who was among the invitees: “This unified direction, underpinned by a long standing partnership and joint cooperation, lays out 5 key foundational pillars that Canadians and the 54 African nations can stand behind, with a joint sense of drive and pride. As the strategy turns to execution, we – together with The Canada Africa Chamber of Business – look forward to active participation in the development of new connections, new trade facilities, and streamlined trade solutions for both imports and exports.”
Over 600 attendees joined Africa Mining Breakfast and MineAfrica’s 23rd Annual Investing in African Mining Seminar
The Canada-Africa Chamber of Business 26th Annual African Mining Breakfast & MineAfrica’s 23rd Annual Investing in African Mining seminar presented by Hatch featured 56 speakers and 620 attendees throughout the morning on March 4th at the Sheraton Hotel.
The breakfast featured addresses from numerous leaders, including:
– The Hon. Ahmed Hussen, Canada’s Minister of International Development
– The Hon. Emmanuel Armah-Kofi Buah, Minister of Lands and Natural Resources, Republic of Ghana
– Abdul Rahman Amoadu, Managing Director – Africa and Canada, Newmont
– Paul Lefebvre, Mayor, City of Greater Sudbury
– Joe Lombard, Vice-Chair, Hatch
– Paula Caldwell St-Onge, Chair, The Canada-Africa Chamber of BusinessMineAfrica’s spotlight sessions also featured country overviews by African Mining Ministers, project updates by mining CEOs and presentations on current trends in African mining by expert advisers. MineAfrica also had 11 exhibitors (and 85 delegates) in the PDAC Trade Show.
Africa CEO Forum, Abidjan, May 11-14
The Canada-Africa Chamber of Business is also partnering in the delivery of the Official Canadian Reception and concurrent program during the Africa CEO Forum, the continent’s largest annual event dedicated to the private sector bringing together over 2,000 business leaders, investors, policymakers, and influential figures from around the world in Cote d’Ivoire this year.
The Canada Program includes a welcome reception for the Canadian delegation on May 11th, bringing together the business community and other guests at the Official Residence of the Canadian Ambassador in Côte d’Ivoire. The program runs through to May 14th and will also include a networking breakfast, B2Bs, a business panel and informal networking opportunities.
Supporting the call of the Canadian Embassy to Côte d’Ivoire, the Chamber is encouraging Canadian businesses to participate in the Africa CEO Forum to access rapidly growing markets and explore strategic partnerships in key sectors such as agribusiness, clean technologies, ICT, and infrastructure. In addition to the Chamber’s support for its members in Abidjan, Canada’s Trade Commissioner Service stands ready to assist all Canadian companies attending.
SOURCE
The Canada-Africa Chamber of Business
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Resetting Ghana’s Economy to break the Loans and Aid Dependency Jinx
By: Mohammed Abu
Ghana’s President John Dramani Mahama in Accra,Thursday,emphasized the importance of backing up good policies with proactiveness on the part of the part of all national stakeholders in other to realise the much desired change in the economic situation of the country.
“This is a defining moment, but policies alone, no matter how well-couched, will not change our reality—action will” adding, “As your president, I am taking the necessary actions to create growth opportunities and enhance our economic independence”
President Mahama was delivering his speech to mark the 68th Independence Anniversary Celebrations at the Office of the President this year instead of holding the event at the Independence park or Black Star Square.
This, President Mahama explained, was intended to save cost in holding the annual most important and celebrated event given the economic circumstances the country currently finds herself.
President Mahama called on young Ghanaians to step up, seize opportunities being created by his administration and contribute to building a self-sufficient nation as Ghana’s economic future is in their hands.
Proclaiming self-reliance President noted, while marching straight to the doors of donor agencies, begging bowl in hand, is meaningless.
His administration he said, is formulating policies based on fiscal discipline and living within our means to break this cycle of dependence and reset our economy while also striving to expand the country’s economy to yield prosperity for all.
“We are working to implement the 24-hour economy program to ensure that our economy never sleeps. This will allow us to create the necessary job expansion, boost productivity, increase our export capacity and trade footprint, and reduce our need for foreign aid”.
Opportunities
USD10 Billion Big Push Fund.
The US$10 billion Big Push Initiative President Mahama disclosed, will also modernize infrastructure, create jobs, and stimulate local industries, ensuring that our development is driven from within rather than funded from outside.
Agriculture
Agriculture, President Mahama noted, remains our biggest opportunity to reduce import dependence. With over US$2 billion spent annually on food imports, the Agriculture for Economic Transformation Agenda (AETA) is structured to strengthen local agribusiness and ensure food security.
Local Food Production Self Sufficiency Interventions
The Feed Ghana Programme he further noted,will drive mass food production and stabilize prices. At the same time, the Poultry Farm-to-Table Initiative will boost domestic production and processing to directly address our 95% reliance on imported poultry.
‘The success of these policies depends on active citizen participation, particularly from young people. The AgriNext Programme will equip 30,000 youth with land, training, and agribusiness opportunities”.
Farming Inputs and Logistics Support
Farmer Service Centres in every district President Mahama said ,will provide access to mechanization, quality seeds, and fertilizers to boost local food production.
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TradeTech Forum Returns for its Second Edition at AIM Congress 2025
Abu Dhabi, UAE, 4 March: The TradeTech Forum, hosted by the World Economic Forum (WEF) will return for its second edition at AIM Congress, set to be held on April 8, 2025, alongside the ongoing AIM Congress.
With over 400 of the world’s foremost trade leaders and experts attending the forum this year’s TradeTech Forum aims to extend and expand the conversation on leveraging technology to transform global trade and investment.
With a mission to explore how emerging technologies are impacting and shifting the norms of international trade, the impact on sustainability and fostering inclusivity, this year’s theme “TradeTech Transition: Evaluating the Present, Envisioning the Future”, will bring together innovators, policymakers and key global leaders into one forum.
The TradeTech Forum this year continues with an updated and far more comprehensive agenda, with plenary sessions involving key experts of the industry, interactive workshops, and networking opportunities aimed to offer actionable insights to all attendees.
H.E. Dr. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, will officially open the forum. Speaking on the impact of the forum to the UAE and the world, Dr. Al Zeyoudi said: “Technology can revolutionize global supply chains at every stage, creating opportunities to expand international trade.
It enables less developed countries and small and medium-sized enterprises to participate more effectively and fairly in the global trading system, while enhancing security and transparency. The TradeTech Forum is a key platform to advancing these benefits, convening global trade leaders to explore leveraging technology to make supply chains smarter, more sustainable, and inclusive.”
H.E. Al Zeyoudi added: “As a nation at the forefront of technological innovation and global trade facilitation, this platform exemplifies our commitment to fostering collaboration and harnessing digital technologies to drive sustainable, inclusive growth in global trade. We look forward to welcoming participants from around the world to chart the next chapter of TradeTech advancement together.”
His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said: “As a key node on international supply chains and a global magnet for talents, businesses, investments, Abu Dhabi continues to develop trade facilitation solutions, and employ advanced technologies and methods such as AI and Blochian to enable free and fair trade and exchange of goods, services, and innovations.
The TradeTech forum in Abu Dhabi provides a suitable platform to discuss ideas, challenges, and explore opportunities, devising innovative solutions that will shape the future of global trade”.
The agenda for the forum packs many multi-disciplinary sessions, with the day starting off with the TradeTech Face-Off, an engaging breakfast debate featuring two contrasting visions on the future of TradeTech, where attendees will have to take a stance to what they believe the future of TradeTech holds.
This dialogue will expand on to topics such as smart customs and how AI will revolutionize trade, a topic explored in depth in the latest TradeTech report “Artificial Intelligence for Efficiency, Sustainability and Inclusivity in TradeTech” just launched at the Annual Meeting at Davos.
Plenary panels will continue throughout the day, discussing key topics such as the outcomes of the 2025 TradeTech Report, the regulatory sandbox outcomes in trade finance, and the imperatives for investment in trade innovation.
A series of interactive workshops have been designed to create engaging deep-dives into AI-driven transformations in supply chains, trade finance, and logistics. In addition, the attendees can expect exclusive networking opportunities, with dedicated spaces for bilateral meetings, investor collaborations, and knowledge exchange.
Hosted alongside AIM Congress 2025 at Abu Dhabi National Exhibition Centre (ADNEC), the TradeTech Forum is poised to set the global agenda for innovation in trade and investment, fostering cross-border collaboration and long-term economic resilience. “As a global collective, we must urgently transition into action mode, prioritizing immediate steps that drive substantial impact.
Embracing the latest technological advancements and fostering thought leadership in TradeTech, alongside exploring regulatory adaptations, and supporting innovative startups, is essential to create a more efficient, sustainable, and equitable trade landscape.
This is what we do at the TradeTech Global Initiative and why we convene this high-level forum.”, shared Tim Stekkinger, Head, TradeTech Initiative, World Economic Forum.
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Toward an Energy Hub: Ghana Commits to Accelerated Investment Drive
JOHANNESBURG, South Africa, February 27, 2025/ — Ghana is positioning itself as a major hub for energy investment, with the Ministry of Energy and Green Transition pledging to attract key players from the oil, gas and renewable energy sectors.
On the sidelines of International Energy Week in London, Ghana’s Minister of Energy and Green Transition John Abdulai Jinapor and the African Energy Chamber (AEC) (https://EnergyChamber.org/) – the voice of Africa’s energy sector – emphasized Ghana’s readiness to welcome investment and create a favorable business environment for foreign and regional firms.
During the meeting, the AEC also pledged to conduct a working visit to Ghana, focusing on identifying investment and collaboration opportunities.
Together, the AEC and the Ministry of Energy and Green Transition aim to drive growth and development in the country’s energy sector, promoting fiscal frameworks that reinforce Ghana’s position as an attractive destination for oil, gas and energy investors.
As part of these efforts, a dedicated “Invest in Ghana” Forum will be held at African Energy Week: Invest in African Energies 2025 in Cape Town, where the AEC will coordinate with the Ministry of Energy and Green Transition, Ghana National Petroleum Corporation (GNPC), the National Petroleum Authority, the Petroleum Commission and private sector players to position Ghana as the go-to destination for oil and gas investments from both G20 and non-G20 countries.
With oil reserves of 1.1 billion barrels and gas reserves of 2.1 trillion cubic feet (World Bank), Ghana has committed to increasing production through enhanced investment in exploration and field development programs. The country has more than 17 oil and gas projects scheduled for development by 2027, and recent and upcoming regulatory reforms are expected to further bolster investment and foreign participation in the sector.
Notably, the country’s Gas Master Plan – a market growth strategy through 2040 – incentivizes capital and technology deployment across the gas value chain, while upcoming fiscal reforms are expected to stimulate spending in the oil market.
These reforms include planned amendments to laws requiring companies to allocate at least 15% of each project to the state as free and carried interest, as well as more flexible oil royalty regimes.
In collaboration, the AEC and the Ministry of Energy and Green Transition seek to ensure Ghana continues to attract the right kind of investment, with additional reforms encouraging operators to expand their portfolios and new players to seize opportunities in the country.
Several major operators are already active in Ghana’s energy market. Energy giant Eni, for example, has a presence across exploration, refining and chemicals sectors. The company is involved in the Offshore Cape Three Points (OCTP) exploration project and the offshore CTP 4 block. OCTP serves as an integrated project for developing oil and gas fields, featuring the Agyekum Kufuor FPSO. Independent energy company Tullow Oil is also a key player in Ghana, with production from the Jubilee and TEN fields amounting to 100,000 bpd and 10,100 bpd, respectively.
In partnership with Kosmos Energy, Tullow Oil began production at the Jubilee South East project in 2023, with three new wells brought onstream in Q1 2024.
Other major projects include the Pecan Phase 1A Upstream Project – developed by global energy firm Aker Energy, GNPC, Russian multinational Lukoil and maritime engineering and energy company Bulk Ship & Trade – and the Ntomme Far West Development. Pecan Phase 1A is currently in the approval stage, with production scheduled for 2025, while Ntomme is in the pre-feasibility stage, with progress made towards drilling the first well. Energy major TotalEnergies is also active, operating several petroleum depots in the country.
In the downstream sector, Ghana is working to develop an integrated petroleum hub – the first of its kind in West Africa.
The government finalized agreements in June 2024 to develop the initial phase of the project, supported by funding from the TCP-UIC private sector consortium. This multi-phase development will include three refineries, five petrochemical plants, storage tanks, jetties, a port and associated LNG and logistics infrastructure.
“These projects affirm that Ghana is open for business. The country has been proactive in establishing regulatory frameworks that support million-dollar investments, and with further reform, Ghana is poised to become a leading energy hub in West Africa.
The AEC will continue to support the country as it pursues this goal and looks forward to a productive working visit ahead,” said NJ Ayuk, Executive Chairman of the AEC.
Distributed by APO Group on behalf of African Energy Chamber.
SOURCE
African Energy Chamber -
Three start-ups awarded at the 2nd edition of the international ceremony of the Orange Summer Challenge in Casablanca, Morocco
Orange Summer Challenge: three months to turn an idea into a start-up
Created in 2011, the Orange Summer Challenge (OSC) is the flagship event of the network of Orange Digital Centers in Middle East and Africa (www.Orange.com). Its objective is to inspire young people to develop technology start-ups for the common good. The 2025 edition ended in Casablanca with an international ceremony that rewarded three promising projects.
For more than three months, 282 young innovators and entrepreneurs from 14 countries benefited from intensive support combining training, mentoring and coaching provided by experts from Orange and its partners: AWS, EY and NOKIA. Together, they have developed 57 start-ups on the Tech4Impact theme, offering solutions to the region’s environmental, health, educational and agricultural challenges.
A second international ceremony highlighting three impact start-ups
The award ceremony, held on February 20, 2025 in Casablanca, revealed the three winning start-ups, selected by an international jury and the votes of Orange employees in Middle East and Africa. The event brought together professionals, partners, media and stakeholders from the entrepreneurial and academic ecosystem. The winners of this edition are:
- 1st prize: Plastikoo (Madagascar) – Transforming plastic waste into sustainable building materials, reducing pollution while promoting the sustainable development of local communities.
- 2nd prize: MEPS (Tunisia) – IoT-integrated solution to convert organic waste into clean biogas and fertilizer, contributing to the energy transition.
- 3rd prize: Leevlong (Cameroon) – A medical remote monitoring device that allows real-time monitoring of vital signs, thus improving the management of patients.
The winners will receive financial, technical and commercial support from the Orange Digital Centers and their partners. NOKIA will award €40,000 to fund pre-incubation and incubation projects, while Orange will offer a €20,000 prize to support young talent engaged in these impactful initiatives.
Brelotte Ba, Deputy CEO of Orange Middle East and Africa, praised the evolution of the Orange Summer Challenge and the involvement of young people: “For 15 years, the Orange Summer Challenge has accompanied thousands of young talents in their entrepreneurial adventure. This new edition once again illustrates the capacity of African and Middle Eastern youth to innovate and respond to the societal challenges of our continent. Congratulations to the winners and all participants for their commitment and creativity.”
Sarobidy Nombatsitoha, Founder of Plastikoo, the first-prize winning start-up, expressed his joy and gratitude: “A dream come true! When I imagined Plastikôo, I never thought that this project would go so far. We put all our heart, gave our best, without really expecting such a result. With so many beautiful projects, this victory is a great source of pride. Congratulations to my team!”
Orange, a committed player for technology entrepreneurship and digital inclusion
True to its mission of digital inclusion and innovation, Orange develops training and support programmes to promote youth employment and the development of start-ups in Africa and the Middle East. The Orange Social Ventures in Middle East and Africa (OSVP) has supported impact entrepreneurship since 2010 with 55 major winners. The Orange Digital Center program, which will celebrate its 15th anniversary in 2025, has already trained 1.2 million beneficiaries free of charge in the region and supported hundreds of start-ups.
Distributed by APO Group on behalf of Orange Middle East and Africa.Press contact:
Stella Fumey stella.fumey@orange.com
Anita Oyono anita.oyono@orange.com -
Ghana’s Mining in Motion Summit Gains Support from Key Leaders
Otumfuo Osei Tutu II, King of the Ashanti Kingdom; Hon. Emmanuel Armah Kofi Buah, Minister of Lands and Natural Resources of Ghana; and Oheneba Kwaku Duah, the son of Otumfuo Osei Tutu II and Managing Director of the Ashanti Green Initiative recently met to discuss the upcoming Mining in Motion Summit in Ghana.They explored the summit’s potential to improve the artisanal and small-scale gold mining (ASGM) sector in Ghana and the role of government, international partners and major mining firms in accelerating the sector’s growth. Hon. Kofi Buah endorsed the event, emphasizing its significance in connecting small-scale miners with technology providers, financiers, regulatory bodies and global industry stakeholders to improve their operations and impact.
Organized by the Ashanti Green Initiative along with the World Bank, the World Gold Council and other international partners, Mining in Motion will take place from June 2 – 4 in Accra.
The summit is held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, uniting key decision-makers, including H.E. John Dramani Mahama, President of the Republic of Ghana, as well as representatives from public and private sector mining institutions from South Africa, the Republic of Guinea, the African Union, ECOWAS and the United Nations.
The three-day event will highlight the role of traditional authorities in shaping artisanal and small-scale mining practices, emphasizing the sector’s contribution to employment and economic growth. In 2024 alone, Ghana’s artisanal miners generated $5 billion in foreign exchange earnings through gold exports. Providing direct employment for over one million Ghanaians and accounting for 35% of domestic gold output, the sector has the potential to significantly shape socioeconomic development in the west African country.
As Ghana’s mining sector increasingly supports sustainable development, the Mining in Motion Summit will highlight best practices for integrating ASGM into the global financial system. Representatives from prominent international financing organizations will share their insights.
In a significant move to boost earnings for small-scale miners, Ghana has announced plans to establish a Gold Board. This new entity will simplify the process of purchasing gold from small-scale miners, providing them with easier access to global markets.
With Samuel Adu Gyamfi, who was appointed Acting Managing Director of Precious Minerals Marketing Company last month and tasked with setting up the Ghana Gold Board, playing a pivotal role in shaping the summit, Mining in Motion is set to have a sizable impact on the growth of Ghana’s gold sector.Through a series of high-level panel discussions, deal signings, project showcases and exclusive networking, Mining in Motion serves as the ideal platform to connect Ghanaian miners with regional counterparts and global investors for forge industry-changing partnerships.
Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting https://
MiningInMotionSummit.com/. For sponsorship opportunities or delegate participation, contact sales@ ashantigreeninitiative.org. Distributed by APO Group on behalf of Energy Capital & Power.SOURCE
Energy Capital & Power
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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”:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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Mission 300: African leaders pledge to advance clean cooking solutions for Africa at milestone Energy Summit
DAR ES SALAAM, Tanzania, February 1, 2025/ — African countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking which kills roughly 600,000 women and children annually across the continent.
In energy compacts (apo-opa.co/40Fdx4z) signed during the Mission 300 Africa Energy Summit, held in Tanzania 27-28 January, 12 African countries signalled their intent to accelerate the pace of access to electricity and clean cooking solutions on the world’s fastest-growing continent, in line with the United Nations’ Sustainable Development Goal 7 and the African Union’s Agenda 2063 (apo-opa.co/40X7qK8).
Commending these countries, Tanzanian President Suluhu Hassan stated in closing remarks: “I understand that the 12 governments have only pioneered, and many others will join us in the future.” Earlier, at the opening speaking about the purpose of the summit she said, “This gathering is a platform to consolidate commitments, announce new partnerships and drive momentum towards the 2030 goal.”
The two-day meeting (apo-opa.co/40GUtCH) was organized by the Government of Tanzania and Mission 300, an unprecedented collaboration between the African Development Bank Group, the World Bank Group and global partners, to address Africa’s electricity access gap through the use of new technology and innovative financing.
Moderating a special panel on clean cooking on Monday, Rashid Abdallah, Executive Director of the African Energy Commission (AFREC) (apo-opa.co/40Es3JJ), noted that whilst 600 million Africans live without access to electricity, one billion -nearly double the number – were without access to clean cooking, relying on biomass fuels such as wood and charcoal, with severe economic, social and environmental impact. Conservative estimates put the cost of this across the continent to $790 billion a year, he noted.
Abdallah was joined by Dr. Richard Muyungi, Special Envoy to the President of Tanzania, Peter Scott, CEO of Burn Manufacturing (apo-opa.co/
40Vxy8b), and Martin Kimani, CEO of M-Gas (apo-opa.co/3CtCZBZ), who each highlighted the significant health, environmental, and economic impacts of relying on polluting fuels for cooking, as well as the innovative approaches being developed to address this crisis. Muyungi shared Tanzania’s experience in launching a comprehensive National Clean Cooking Strategy, emphasizing the importance of high-level political commitment, coordinated stakeholder engagement, and the integration of private sector participation.
He praised President Hassan’s role as a global champion bringing the issue to the highest level of African governments.
“It is important to elevate it to the highest level… She is the champion of clean cooking,” he said. He stressed: “It’s important that there is a champion who can elevate clean cooking in terms of partnerships and partner with others to address this issue. He added that Tanzania is on track to transition 80 percent of its population to clean cooking technologies by 2034, thanks to the efforts of President Hassan.
Scott, whose company Burn Manufacturing is the largest clean cooking manufacturer in Africa, discussed the diverse range of solutions being deployed across the continent, from fuel-efficient biomass stoves to cutting-edge electric cooking appliances with pay-as-you-go financing models. He stressed the availability of funding for clean cooking projects, pending the approval of carbon credit regulations by governments.
“This is the most exciting time in the history of clean cooking,” Scott declared. “Now, there’s a lot of money standing by to approve carbon credit regulations to allow carbon trading, carbon finance, to grow. “
Kimani’s pioneering pay-as-you-cook LPG model has provided an innovative and affordable solution to enable households to transition to clean cooking. He shared the success of M-Gas in onboarding half a million households in Kenya and Tanzania within just three years, demonstrating the scalability of this approach. “One of the most important considerations is affordability, how do we close that gap?” he asked.
M-Gas has found an answer by installing IOT enabled smart meters which are fixed into gas cylinders without upfront payment.
“We mirror the (pay as you go) environment they can now cook using LPG. With 35 cents they can cook three meals in a day,” he added.
Tanzania pioneers clean cooking and global awareness
Tanzania published its clean cooking strategy in 2024-2034 last year in response to its own challenges – 3,000 people dying annually and the effects of a devastating 400 hectares of deforestation annually from the use of charcoal and firewood.
Championed by President Hassan, the Clean Cooking agenda has embraced everyone and is part of the national agenda, Muyungi said. “This discussion has highlighted the innovative approaches, and the political will required to transform the lives of millions of Africans and secure a sustainable future for the continent.”
In a recognition of national efforts, awards were handed out to winners of a national clean cooking innovation challenge on the first day of the summit. The winners included creators of a biogas production plant and a click gas LPG delivery system.
The African Development Bank Group has pledged $2 billion over 10 years towards clean cooking solutions in Africa. The pledge represents an important contribution to the $4 billion per year needed to allow African families to have access to clean cooking by 2030.
“Why should anybody have to die just for trying to cook a decent meal that is taken for granted in other parts of the world,” African Development Bank President Akinwumi Adesina asked during a discussion as part of the summit. “Africa must develop with dignity, with pride. Its women, its population must have access to clean energy solutions.”
Distributed by APO Group on behalf of African Development Bank Group (AfDB).More image: https://apo-opa.co/
40ITGkK Contact:
Amba Mpoke-Bigg
Communication and External Relations Department
email: media@afdb.org -
Africa: The Islamic Development Bank Institute (IsDBI) and Mohammed bin Salman (MBS) College Announce Strategic Partnership to Deliver Entrepreneurial Leadership Programs
The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) and Prince Mohammed bin Salman College of Business & Entrepreneurship (MBSC) have signed agreements to foster entrepreneurial skills and leadership excellence in IsDB Member Countries and Muslim Communities.
This collaboration aims to launch two innovative programs: the Entrepreneurial Mindset Development Program and the Strategic Business Leadership Program. These programs integrate Islamic finance values and instruments to foster economic growth in Member Countries. The programs will be hosted by MBSC and delivered jointly by both institutions.
Dr. Sami Al-Suwailem, Acting Director General of IsDBI, and Dr. Zeger Degraeve, Dean of MBS College, signed the agreements during a ceremony at the IsDB Headquarters in Jeddah on 29 January 2025.
The Entrepreneurial Mindset Development Program is designed to equip participants with the essential skills, knowledge, networks, values and training needed for successful entrepreneurial ventures.
The Strategic Business Leadership Program aims to develop the key attributes of entrepreneurial success: personal attributes, including behavior, personality, and capabilities, as well as business attributes such as its structure, goals, and performance management.
Both programs will include a series of interactive workshops, mentorship sessions, and real-world projects. Participants are expected to gain valuable insights into innovative thinking, business planning, and effective problem-solving.
In his comments on this occasion, Dr. Sami Al-Suwailem said, “We are very excited about the partnership with the MBS College. As the knowledge beacon of the IsDB Group, we hope that the joint programs with MBSC will create a new breed of business leaders and entrepreneurs who successfully capitalize on the principles of Islamic finance to stimulate economic progress in their communities.
Human capital is our greatest resource, and it is important that we equip our youth with the right tools and skills to face the emerging challenges of the future.”
Dr. Zeger Degraeve, Dean of MBSC, said, “This partnership underscores MBSC’s dedication to fostering entrepreneurial leaders who can contribute to Saudi Arabia’s ambitious Vision 2030 and beyond. By integrating Islamic finance principles with practical business strategies, these programs will empower participants to address real-world challenges and drive sustainable economic and social value, both within the Kingdom and across IsDB Member Countries.”
Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).For more information about the two programs, please contact Yahya Rehman at yrehman@isdb.org.