The Africans For Africa Fund has launched $2.1 trillion fund to address projected shortfall in the mining industry by 2050.
The fund is expected to close an initial $50 million from institutional partners within the first 90 days of the fund’s launch.
The official launching was unveiled at the AFNIS 2025 conference, marking a significant milestone in promoting African ownership in the continent’s lucrative mining sector.
The initiative also aimed at empowering Africans to take an active and equitable role in harnessing their vast mineral wealth.
The Managing Director of the Africans for Africa Initiative, Mr. Tim Tokun, noted that the objective was to create wealth for Africans from African resources, gain respectable parity alongside foreign exploration and mining companies, facilitate a visible uplifting of frontline communities, who are the indigenous landlords of these mineral resources and hold the social license to operate.
Tokun, in a statement issued by the Co-founder, AFA initiative, Suleiman Zakari stated that the fund is a closed-end specialist fund with a hybrid structure, drawing capital from both retail investors and institutional investors.
He emphasised that the fund also seeks to fundamentally decouple from traditional economic structures that have historically favored the global North.
Tokun added: “The initiative aims to promote mineral sovereignty and empower Africans to invest directly in their continent’s development.
“True sovereignty extends beyond flags and football teams to energy sovereignty and mineral sovereignty.”