digging deeper

Mining, energy, construction: Where in Africa is it best to invest?

By Pierre-Olivier Rouaud

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Posted on September 13, 2023 13:34

Planet Earth, illustration. (Photo by Visible Earth, NASA/JOHAN SWANEP / JSW / Science Photo Library via AFP)

In a complex economic environment in Africa, political risk, soaring construction costs and rising interest rates are putting the brakes on international investors’ enthusiasm, but manufacturers are playing the local value-added card.

Following an agreement in principle with the Guinean authorities in March, partners Rio Tinto and Winning Consortium Simandou in August signed construction agreements for the railway and port of a mining mega-project.

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