The Ministry of Mines and Mining Development has signed to join the newly formed African Minerals Strategy Group (AMSG) which aims to position Africa to succeed in diversifying Global Value Chains.
Rudairo Mapuranga
Zimbabwe became the 15th country to be part of the group after 14 other African countries signed to form the group on the sidelines of the Ministerial Roundtable of the Future Minerals Forum 2024.
The group formed on the 9th of January 2024 will be under the Patronage of Saud Arabia ruler, King Salman bin Abdulaziz Al Saud.
The fundamental purpose of this group is to unite Africans and maximise benefits from the continent’s mineral resources.
Minister Soda signed to join the group on the sidelines of the Investing in Africa Mining Indaba held in Capetown from the 5th to the 8th of February.
The country has joined Nigeria, Malawi, Uganda, the Democratic Republic of Congo, Tanzania, Botswana, Burundi, South Sudan, Chad, Somalia, Sierra Leone, South Africa, Zambia and Guinea Bissau.
The AMSG aims to achieve the following; effective collaboration and partnerships between the private and public sectors; Collaboration between African governments; Amendments to the laws that govern the value chain of minerals in Africa, with a focus on how minerals can be transformed, in Africa and by Africans, at the various stages of the value chain until they reach the end user; The need for political & economic stability, predictable legislation, and reliable infrastructure; and A focused approach towards robust innovation, technology, stable financial banking systems, and appropriate data collection and use.
The AMSG has appointed Nigeria’s Minister of Solid Minerals Development, Dr Oladele Alake as the chairperson of the group, and he has already inspired confidence that Africa’s placement within the global value chain will be emphasised and prioritised.
