The UAE is strengthening its footprint in Africa’s mining industry, with a series of strategic investments aimed at boosting production, infrastructure, and energy security across key markets.
Just this February, investment fund Ambrosia Investment Holding acquired a 50% stake in Canadian company Allied Gold’s mining projects in Ethiopia and Mali.
The deal includes a US$375mn capital injection to accelerate project development, increasing gold output in Ethiopia by 290,000 ounces per year by mid-2026 and in Mali by 400,000 ounces per year by 2028.
As part of its commitment to sustainability, Ambrosia also plans to introduce solar photovoltaic and battery storage systems at the Sadiola mine in Mali, ensuring energy security by July 2026.
Here are some other UAE investments in Africa:
AD Ports begins operations in Luanda
AD Ports Group launched operations at Angola’s Luanda Port in January 2025 as part of a US$250mn investment plan.
The port, which handles 76% of Angola’s cargo, plays a key role in facilitating trade between Angola, Zambia, and the Democratic Republic of Congo.
AD Ports has secured a 20-year concession to operate the terminal and is considering increasing its total investment to US$380mn to support growing demand, as Angola’s container volumes are projected to rise by 3.3% annually over the next decade.
IHC boosts production at Zambia’s Mopani Mine
International Holding Company (IHC) increased ore production at Zambia’s Mopani Mine from 2.2 million tons to 2.8 million tons in January 2025.
The expansion followed a US$1.1bn investment made in March 2024.
As a result, copper grades improved from 1.68% to 2.21%, while employment at the mine grew from 10,765 to 12,684 workers.
Emiral accelerates projects in Ghana and Mauritania
Emiral Mining is fast-tracking its iron ore project in Mauritania, with a pre-feasibility study expected in the first quarter of 2025.
The company has invested US$40mn in exploration since February 2020.
Meanwhile, in Ghana, Emiral is strengthening its presence through its majority stake in Asante Gold Corporation, the operator of the Bibiani and Chirano gold mines.
A US$522mn expansion program is currently underway to enhance production at both sites.
Future prospects for UAE-Africa partnerships
Public and private sector entities from the UAE are actively exploring new investment opportunities in Africa’s mining industry.
International Resources Holding signed an agreement with South Africa’s Public Investment Corporation in late 2024 to fund projects in mining, green energy, and logistics.
In mid-2024, DP World announced a US$3bn five-year plan to improve Africa’s logistics infrastructure and facilitate mineral exports.
Additionally, in Kenya, the UAE Ministry of Investment and Abu Dhabi’s sovereign wealth fund ADQ signed agreements in 2024 to invest in the country’s mining sector as part of broader efforts to strengthen trade and economic cooperation.
The upcoming African Mining Week, set for October 1-3 in Cape Town, could also provide a platform for UAE and African stakeholders to explore new partnerships and drive forward industry collaboration. Held under the theme From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth, the event will bring together key players in the mining sector to advance projects and solidify Africa’s position as a global leader in mineral production.
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