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New Dawn for African Mining! FG Rolls Out ‘Africans for Africa’ Fund to Empower the Continent
The Federal Government is set to launch an ambitious financing initiative, the “Africans for Africa Fund,” aimed at mobilising domestic capital to drive the development of Africa’s mining and natural resource sectors.....KINDLY READ THE FULL STORY HERE▶
The announcement was made on Tuesday in Abuja by the Minister of Solid Minerals Development, Dr. Dele Alake, through the Director-General of the Mining Cadastre Office, Obadiah Nkom, during a press briefing ahead of the 2025 African Natural Resources and Energy Investment Summit (AFNIS), scheduled for July 15–17 at the State House Conference Centre.
Dr. Alake explained that the Fund seeks to harness African capital for African priorities — including industrialisation, mineral beneficiation, and strategic investments in the solid minerals value chain. He stressed that this initiative reflects a fundamental shift from rhetoric to action.
“This is not just a slogan — it’s a change in mindset. Africans must invest in Africa, back our industries, and drive innovation and infrastructure using our own resources,” he declared.
A key feature of AFNIS 2025, the Fund underscores this year’s summit theme: “Harnessing Local Content for Sustainable Development,” which signals a pivot from raw material exports to domestic value addition and job creation.
“We are done talking about potential. Now it’s about production, value addition, and ensuring our natural resources — from minerals to solar energy — translate into measurable benefits for our people,” he added.
Reflecting on the summit’s growth since its inception in 2022, Alake noted that the 2024 edition marked a turning point with the introduction of the “Africans for Africa” concept — which gained strong traction among governments, development partners, and private sector stakeholders.
“That summit, attended by Nigeria’s Vice President, saw over 1,000 participants, the launch of tech solutions, and solid investment commitments,” Alake recalled.
As chair of the Africa Minerals Strategy Group, Alake revealed that AFNIS 2025 will feature several high-level events including a Ministerial and CEO Retreat, a Strategic Partnership Summit, and a Technical and Investment Forum, focusing on ESG, critical minerals, and the synergy between mining, agriculture, energy, and petrochemicals.
Confirmed speakers include Hon. Hassan Joho (Kenya), H.E. Julius Mattai (Sierra Leone), Ms. Damilola Ogunbiyi, and ministers from Malawi, Liberia, Senegal, and South Sudan.
Nigeria will also use the platform to showcase progress under President Tinubu’s Renewed Hope Agenda, including reforms in the solid minerals sector, enhanced local processing, rollout of a national mineral data platform, and new frameworks for community development agreements.
Dr. Alake called on ministries, agencies, companies, civil society, and international partners to seize the opportunity of AFNIS 2025 to champion bold, collaborative action.
“This is our moment to declare that Africa is ready to lead its own resource future — not just sitting on wealth, but building with it,” he said.
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