Foreign countries are lining up to exploit Africa’s critical . . . On the sidelines of the UN General Assembly in September 2024, a significant meeting took place Under the Minerals Security Partnership (MSP) a group of 14 countries and the European Union (EU), joined forces to finance the Kabanga Nickel Project in Tanzania, one of the world’s largest untapped nickel deposits As nations push to secure the critical minerals needed for clean energy
Africa’s untapped natural resource potential could be the . . . Africa’s Resource Future, a 2023 book we co-edited, reports that resource extraction is a key part of the regional economy, accounting for around 30% of government revenues and attracting the lion’s share of inward investment With more effective policies, untapped rents could boost annual government revenue by up to $20 billion per year