Africa’s Gold Sector Gains Momentum Ahead of Mining Summit.

Wednesday 30th July 2025

Por inAfrika Reporter

Africa, the world’s second-largest gold-producing region, is witnessing a surge in mining investment driven by high global demand, favorable prices, and strong project pipelines. This renewed interest is expected to peak at the upcoming African Mining Week (AMW) in Cape Town, where a dedicated Gold Summit will highlight major ventures and financing trends.

In recent months, substantial deals have signaled this upward trend. Canadian company Asante Gold secured $470 million to expand projects in Ghana. South Africa’s FirstRand Bank and Appian Capital contributed to this round, focused on the Chirano Mine and Bibiani Project. Other players have followed suit, making strategic moves to capitalize on Africa’s vast reserves.

The Industrial Development Corporation of South Africa extended a $35 million loan to Theta Gold Mines for its project in Mpumalanga. Africa Finance Corporation issued a €100 million loan to Mota–Engil Africa for infrastructure support in Ivory Coast and Mali. Chinese firm Zijin Mining also entered the scene with a $125 million investment in Montage Gold’s Koné Project.

Australia’s Perseus Mining has committed over $640 million to projects in Tanzania and Ivory Coast. In East Africa, UAE-based Ambrosia Investment Holding injected $375 million into Allied Gold’s expansion across Ethiopia and Mali. These projects show a willingness to not only mine but to establish refining and processing capabilities on the continent.

The growth of investment is matched by growing awareness of the need for sustainable development, infrastructure, and value addition. African Mining Week 2025 will serve as a platform to connect financiers, governments, and private sector players to ensure gold investments translate into economic gains for local communities.

The event will explore financing models, value chain development, and regulatory frameworks necessary for gold sector transformation. Investors and policymakers alike are now aligned in recognizing Africa’s gold industry not just as a resource base, but a cornerstone for economic independence.