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This year's Mining Indaba sounded a call to local banks to increase their role in mining by stepping in to support projects deemed risky by international lenders.
This year's Mining Indaba made a call to local banks to increase their role in mining by stepping in to support projects deemed risky by international lenders.
Despite holding 30 percent of the world’s mineral reserves, the continent received less than 10 percent of the global average spent on mining exploration in 2022.
This is often because investors struggle to convince international lenders to commit money to African projects.
But with vast reserves of strategic minerals, interest in African mining has ticked up in recnt years and local financial institutions are being challenged to pick up more of the slack.
Célestin Mukeba Muntuabu is the managing director of EquityBCDC, the second-largest bank in the Democratic Republic of Congo.
He is our guest on the show to share insights about his bank's vision for African mining.
Please click the link below to watch the interview.
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