News and Stories

 Africa Owns the Minerals. Who Owns the Wealth?

Africa is sitting on some of the world’s most important resources for the next industrial revolution. Lithium, cobalt, copper, graphite, manganese and rare earth minerals are essential to batteries, electric vehicles, renewable energy and digital technologies.

But there is a problem Africa knows too well.

For decades, the continent has exported raw materials and imported finished products made from them. The wealth leaves as ore and returns as expensive technology.

That model is beginning to face a serious challenge.

The Democratic Republic of Congo has banned exports of copper and cobalt concentrates in a move designed to push more processing into the country. Zambia, meanwhile, is targeting a major expansion of copper production while the industry pushes for greater local processing and infrastructure investment.

The bigger question is not whether Africa should mine more.

It is whether Africa can turn mining into industrialisation.

That means refineries, battery plants, component manufacturing, engineering companies, research centres and skilled jobs—not simply deeper holes in the ground.

Africa’s critical minerals could become the foundation of a new manufacturing economy. But without deliberate policies, the continent could repeat the old extractive model under a new green label.

Agenda 2063 calls for an Africa that transforms its economies and adds value to its resources.

The resource revolution will be truly African only when the continent stops exporting the raw ingredients of the future and starts manufacturing the future itself.