By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    UN Secretary-General Launches Report To Break “The Cycle Of Debt Distress”
    1 day ago
    Israel-Iran War: South Africa Wants United Nations To Step In
    6 days ago
    G7 finance leaders seek non-tariff consensus in Canada, may face US pushback
    Ahead G7 Summit, Finance Ministers Seek Non-tariff Consensus In Canada, May Face US Pushback
    1 month ago
    Over 28,000 Women And Girls Killed In Gaza Since October 2023
    1 month ago
    Global Aid Cut
    New Report Reveals How Global Aid Cuts Affecting Women’s Organisations Aiding Women In Crises
    2 months ago
  • Africa
    Africa
    Show More
    Top News
    UN Women Kenya Trains Motorcycle Taxi Operators
    3 years ago
    Nigeria To Host Sahel Climate Fund Secretariat
    2 years ago
    Dangote Recounts Investors’ Bad Experience With AU Passports In Some African Nations
    2 years ago
    Latest News
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    2 weeks ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    3 weeks ago
    Public Exit: Why South Africa Businesses Are Moving To Private Cloud
    3 weeks ago
    Cameroon Tops List Of World’s Most Neglected Displacement Crises
    4 weeks ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Impunity, Insecurity Threaten Nigeria’s General Elections
    2 years ago
    Warri South Leaders Seek Review Of Delta South Senatorial Election Result
    2 years ago
    Obasa Returns As Speaker, Lagos House Of Assembly
    2 years ago
    Latest News
    Lagos LG Poll: Tunde Disco/Ganiyu Obasa Intensify Campaign In Agege
    2 days ago
    PHOTOS: Vinod Obasa Joins Other Lagos APC LG Candidates At Sanwo-Olu’s Reception
    4 days ago
    Lagos Lawmaker Praises Tinubu For Helping Nigeria Breathe Again
    3 weeks ago
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    D2D Satellite Comms: Nigeria’s Space Research Agency Signs MoU With Chinese Firm, Galaxy Space
    1 week ago
    Substance Use Prevention In Focus As NDLEA, UNODC Unveil 2025 World Drug Day Activities
    2 weeks ago
    Benue: Stop the Killings, CAPPA Demands Immediate Action
    2 weeks ago
    Court Orders Flouted Again as Armed Men Escort Attempted Takeover Of Lekki Property
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Multichoice Nigeria Launches ‘M-Net All Black Entertainment’ Pop-Up Channel This Festive Season
    3 years ago
    GOtv
    Jumanji, WWE Hall of Fame, Other Exciting Content Lined Up for you This Easter Holiday on GOtv
    2 years ago
    Nigerian Idol S8: Chisom Evicted On A Weekend Of Surprises
    2 years ago
    Latest News
    The Drama Returns As BBNaija ‘No Loose Guard’ Reunion Premieres June 23
    6 days ago
    You Can’t Fake it — James Omekwe On MultiChoice’s Impact On African Filmmaking
    3 weeks ago
    Jkenova and Ellacentric Exit Nigerian Idol Season 10 In Emotional Farewell
    3 weeks ago
    MultiChoice Africa x African Storytelling: How Local Content Shapes Local Culture
    3 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Tinubu Promises More Investment In Art And Culture
    10 months ago
    Radisson Hotel Group Announces Three New Hotels In Nigeria
    2 years ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    2 months ago
    Latest News
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    2 weeks ago
    Joining The Knighthood Brings You Closer To God -Sir Eva Njemanze
    2 weeks ago
    Africa Tech Festival Unveils Strategic Themes For 2025 Event,
    2 weeks ago
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal
    1 week ago
    Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?
    2 weeks ago
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    1 month ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    1 month ago
    Pan-African Payment & Settlement System
    Nigeria Unlocks Intra-African Trade With New Pan-African Payment & Settlement System Policy Boost
    2 months ago
  • Health
    Health
    Show More
    Top News
    In Ghana, Demands For Body Enhancement Surgeries On The Rise
    2 years ago
    Women And Men Mistakenly Given Different Advice To Prevent Heart Disease
    3 years ago
    FIND Welcomes Adoption Of Historic WHO Assembly Resolution On Diagnostics
    2 years ago
    Latest News
    Online Education Can Enhance Clinical Guideline Use By Over 50% 
    2 weeks ago
    The Hidden Lifeline – Blood Security And Africa’s Health Agenda By Dr Allan Pamba
    2 weeks ago
    Apepa or Arterial Blockage? The Urgency of Self-Care After 45 By Babafemi Ojudu
    3 weeks ago
    Roche Launches Diagnostics Operations In Nigeria,
    4 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Mining Advances Growth Prospects for African Economies
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Environment > Mining Advances Growth Prospects for African Economies
Environment

Mining Advances Growth Prospects for African Economies

Last updated: 2025/04/03 at 11:09 AM
3 months ago
Share
African
SHARE

OJO SAMSON AYOMIDE

Mineral-rich African countries are strengthening cooperation with global partners to optimize the mining value chain, leveraging investments to accelerate GDP growth and sustainable development.

In recent years, the contribution of mining to the national fiscus has grown significantly across many nations, and looking ahead, this growth momentum is on track to continue as nations promote greater investment in mineral development.

Mali

- Advertisement -
Ad imageAd image

The Malian government expects to collect $1.2 billion (apo-opa.co/41Uk6C6) in tax revenue from the mineral sector in Q1, 2025 alone. New developments such as Hummingbird Resources’ Yanfolia project and Ganfeng Lithium’s Goulamina mine coming online, the country’s mining industry is set to expand even further. In 2023, the sector contributed approximately $1 billion to the economy, accounting for 21.5% of the national budget.

Malawi

Malawi is accelerating the rollout and monetization of mining projects under its Agriculture, Mining and Tourism strategy. The strategy focuses on boosting activities across these sectors, with goals including increase exports, job creation and greater investment. The World Bank (apo-opa.co/3E0bWyX) projects that the mining sector will contribute 12% to Malawi’s GDP by 2027, generating $300 billion in export revenue between 2026 and 2040.

South Africa

South Africa’s mining sector remains a major economic pillar, contributing 6% to the country’s GDP in 2024 and generating R100 billion in national revenue. The industry provided 474,876 formal jobs, accounting for 4.5% of total employment, while exports reached R800 billion – representing 45% of total merchandise exports. With efforts to revitalize the gold industry and accelerate growth in critical minerals underway, the industry’s contribution to economic stability continues.

Zambia

In Zambia, mining continues to play a critical role, contributing 20% of total revenue, 15% of formal employment and 70% of export earnings (apo-opa.co/447UXVS). A plan to increase annual copper production to 3.1 million tons by 2031, reallocate 1,000 repossessed mining licenses (apo-opa.co/3R1l2hS) and attract new investments by firms such as Barrick, Jubilee Metals and Tertiary Minerals, will further expand the sector’s contribution to GDP.

Botswana

With a wealth of untapped mineral opportunities, Botswana seeks to leverage international partnerships to unlock additional value across its diamond sector. Diamond mining currently accounts for 4% of employment, 30% of GDP and 85% of total exports in the country. Going forward, greater investment across the industry will not only spur job creation but generate increased revenue from the industry.

Ghana

Ghana’s mining industry is a significant contributor to the country’s economy, with minerals such as gold, manganese, bauxite and diamonds generating substantial revenue for the economy. Gold accounted for 48.4% of GDP in 2024 while small-scale gold miners alone generated $5 billion in foreign earnings from gold exports in the same year. However, with a focus on improving industry regulation, formalizing small-scale mining operations and increasing investments, Ghana is on track to generate greater value from its mining sector.

As global demand for minerals rises – driven by the energy transition and the Fourth Industrial Revolution – the prospects for Africa’s mining sector remain strong. The upcoming African Mining Week – taking place on October 1-3 in Cape Town – will highlight the sector’s expanding role in economic growth, job creation and revenue generation. African Mining Week will explore how countries are leveraging mining revenues to drive economic growth and infrastructure development, ensuring the industry remains a cornerstone of Africa’s economic future.

You Might Also Like

Environmental Investigation Agency’s Response To Wake-up Call Declaration At UN Oceans Conference

New GEF Financing Propels Progress To 2030 Goals

World Environment Day 2025 Mobilizes Commitment, Action To End Plastic Pollution Globally

Kogi Gov Activates Action On COP29 Outcome, To Set Up Climate Change Agency

African Mining Leaders Call for Bold Policy Reforms at Mining in Motion 2025

TAGGED: African Mining Week 2025
INadminNG April 3, 2025 April 3, 2025
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Lagos State League Lagos State League: Our Game Plans Worked For Us, Says Chekas United Feeders Coach
Next Article African Boxing Ambassador Guinness World Record Fight: Bash Ali Seeks Tinubu’s Intervention
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?