Actualizing Africa’s mineral wealth
The Future Minerals Forum’s Ministerial Roundtable, posited as the largest global gathering of Ministers responsible for minerals, has brought together key stakeholders to debate metals' future. CNBC Africa’s Kenneth Igbomor spoke with Zambia’s Minister of Mines and Mineral Development, Paul Kabuswe.
Wed, 15 Jan 2025 15:38:54 GMT
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AI Generated Summary
- Importance of collaboration among African nations to maximize value from mineral resources
- Zambia's focus on four key pillars to drive value addition and industrial participation
- Emphasis on stable and predictable policies to attract long-term investments and ensure peace for regional integration
The Future Minerals Forum’s Ministerial Roundtable recently brought together key stakeholders to discuss the future of minerals globally. CNBC Africa’s Kenneth Igbomor interviewed Zambia’s Minister of Mines and Mineral Development, Paul Kabuswe, shedding light on the critical importance of collaboration and policy stability in unlocking Africa's vast mineral wealth. Minister Kabuswe emphasized the need for African nations to work together to ensure that the value of their abundant mineral resources benefits the continent's people. He highlighted the vision set by Zambia's President Akainde Ichlema, focusing on four key pillars - strong partnerships, affordable capital, embracing new technologies, and downstream investment. These pillars aim to drive the country towards value addition, moving beyond exporting raw materials to adding value through beneficiation and participation in industries like the electric vehicle sector. The Minister also underlined the significance of stable and predictable policies to attract and retain investments for the long term. Zambia's commitment to maintaining a peaceful environment and fostering regional integration to ensure smooth trade routes further illustrates the nation's strategic approach to leveraging its mineral wealth for sustainable development.
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