PUBLICATION

Global Business Reports

AUTHORS

Sorina Dumitru, Lindsay Davis, Laura Brangwin, Lina Jafari

THE OFFICIAL MINING IN AFRICA COUNTRY INVESTMENT GUIDE (MACIG) 2018

February 02, 2018

GBR is pleased to announce the publication of the Mining in Africa Country Investment Guide (MACIG) 2018. This year’s edition represents the fifth year of our partnership with Mining Indaba, and while 2014 was not a fortuitous year to begin our enduring relationship with mining in Africa, a struggling market does not make it an irrelevant one. Throughout the commodity downturn, GBR continued to travel across the continent gaging the sentiment of those related with the extractives industries. In recent years, we were delighted to witness the awakening of a more optimistic sentiment as commodity prices started to recover and investors gradually regained trust in the mining industry. Readers will learn directly from the comments contained within that we have gathered from the hundreds of interviewees that we have been privileged to meet during our six-month journeying across the continent in 2017, that the nascent optimistic sentiment has been reinforced by a keener confidence this year as external conditions, including commodity prices, investment flows and the conditions of the larger economies continue to improve, while the restructuring efforts applied by all mining related companies during the lean-times are now starting to pay off. MACIG 2018 is intended to guide investors across the 10 countries that we have selected this year and to allow them to share the insights that we garnered from the conversations that our team had with the hundreds of protagonists that they met along their way.

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"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."

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