Lack of domestic finance hobbles growth in African mining

February 8, 2016

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While African countries account for a significant amount of the world’s mineral deposits, the do not have the financial infrastructure to make the most of these abundant resources, said Nigeria Emir of Kano and Black Rhino Group chairperson Lamido Sanusi, addressing delegates at the 2016 Investing in African Mining Indaba, in Cape Town. “African economies have not been able to utilise this advantage, [which is why] evolving and sustaining a robust financial structure to support the infrastructure cannot be overemphasised,” he told thousands of delegates at the opening plenary.

Category: General