Business News of Friday, 5 September 2025

Source: www.ghanaweb.com

Ghana and Egypt forge strategic alliance for sustainable mining

Emmanuel Armah-Kofi Buah (L) and Egypt's Karim Badawi (R) Emmanuel Armah-Kofi Buah (L) and Egypt's Karim Badawi (R)

Ghana and Egypt have formed a new strategic alliance for sustainable mining, aimed at safeguarding natural resources in both countries.

The partnership was established during bilateral talks between Ghana's Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, and Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, at the ongoing Africa Down Under conference in Perth, Australia.

This alliance, bridging North and West Africa, signals a growing consensus among African nations on the need to leverage mineral wealth for sustainable and inclusive development, moving beyond traditional models of extraction.

In his inaugural speech at the conference, Karim Badawi highlighted Egypt's vast potential in tantalite, phosphate, and gold, positioning the country as a new and preferred alternative mining hub on the continent.

You can invest in Ghana with confidence – Lands minister tells investors

Ghana’s Lands Minister emphasised the country’s long mining history as the foundation for leading a paradigm shift in the sector.

Armah-Kofi Buah underscored the importance of value addition, community involvement, and empowerment as non-negotiable pillars for the future of mining in Africa.

“We are here not merely to discuss rocks and minerals, but to build the future, a future of shared prosperity, sustainable development, and mutual growth,” he stated, a sentiment that resonated throughout the conference halls and set a collaborative tone for subsequent discussions with his Egyptian counterpart.

He further noted, “This is more than a ministerial meeting; it is a reunion of brothers and a reaffirmation of the Pan-African spirit. Our goal is to drive a unified African voice and position in the global mining industry, ensuring our resources benefit our people first.”

The new Ghana–Egypt corridor creates a cross-continental bridge, linking North and West African mining markets and offering the international investment community a gateway to explore and invest in Africa’s mining ecosystem.

SP/MA

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