ENERGY & MINING

With its numerous geological resources, the African continent attracts a lot of investors. Absent by the facts of the historical and political stakes, Africans are today leaders in the energy and mining sectors.

As a dominant activity and occupying an important place in their economy, the export of mines is one of the priorities that concerns nations that have developed a fairly important mining pole. It is therefore not surprising that the continent is positioned as the world’s leading producer of many mining products including gold, diamonds, platinum, phosphates and manganese, and has huge reserves of bauxite, uranium and coltan, an eminently strategic mineral that goes into the composition of smart cards.

Why should you invest?

[What is the development potential of this sector in Africa?]

In terms of energy, Africa has the lowest electrification rate in the world: almost 600 million Africans still live without electricity. Specifically, sub-Saharan Africa accounts for 70% of the global deficit.

And yet, the Continent has considerable potential, particularly in the field of renewable energies which remain largely unexploited (hydroelectricity, geothermal energy, solar energy, wind energy).

Similarly, sub-Saharan Africa benefits from a significant geological wealth: indeed, the Continent concentrates 30% of the world’s mineral reserves. However, many African countries are struggling to develop their mining potential, due not only to a lack of political will but also to energy shortages and high electricity prices, as mining is particularly water and electricity intensive.

Africa’s potential, in figures

  • 2 out of 3 Africans do not have access to energy
  • Africa alone accounts for about 30% of the world’s mineral reserves, 10% of oil and 8% of natural gas (World Bank).
  • In Africa, only 8% of the hydropower potential has been exploited (World Bank).
  • The largest new gold deposits were discovered in West Africa from 2006 to 2016, with 79 million ounces.
  • Discovered gas resources in sub-Saharan Africa estimated at 329 trillion cubic feet (World Bank).
  • Africa’s renewable energy capacity could reach 310 GW by 2030 (IRENA).

Focus on our highlighted countries in 2021

Côte d’Ivoire

Rwanda

Ethiopia

Senegal