Africa’s gold industry is experiencing a powerful revival in 2025, as global demand, high prices and abundant untapped reserves drive an influx of new investments across the continent.
Now the world’s second-largest gold-producing region after China, Africa is attracting major financiers eager to capitalise on its mineral wealth.
Ghana, the continent’s leading gold producer, continues to draw attention. In June, Canada’s Asante Gold secured a $470 million financing package from Appian Capital and South Africa’s FirstRand Bank to expand its Chirano Mine and advance the Bibiani Project. The deal highlights Ghana’s stature as a global gold hub—ranked sixth in the world.
The continent’s momentum will take centre stage at African Mining Week (AMW) 2025, scheduled for October 1–3 in Cape Town. A dedicated Gold Summit will spotlight priority projects, policy discussions and deal-making between mining executives, financiers and regulators.
Recent funding deals reflect surging investor confidence. South Africa’s Industrial Development Corporation loaned $35 million to Theta Gold Mines for its Mpumalanga project.
Africa Finance Corporation disbursed €100 million to Mota–Engil Africa to boost gold infrastructure in Ivory Coast and Mali.
Chinese giant Zijin Mining launched a gold streaming initiative worth up to $400 million, beginning with a $125 million injection into Montage Gold’s Koné Project in Ivory Coast.
Australia’s Perseus Mining approved a $124.6 million final investment decision for the Yaouré Underground Mine and committed $523 million to the Nyanzaga Gold Project in Tanzania.
Meanwhile, UAE-based Ambrosia Investment Holding invested $375 million in Allied Gold’s operations in Ethiopia and Mali, acquiring a 50% stake.
Kenya, while not yet a major gold producer, is steadily positioning itself to tap into the investment wave. The Ministry of Mining has prioritised exploration efforts in Kakamega and Migori counties, where significant deposits have been identified.
With regulatory reforms underway and new partnerships in exploration being negotiated, Kenya aims to unveil new concessions during AMW 2025 and pitch itself as East Africa’s emerging gold frontier.
The pressure is on to match investor expectations with local beneficiation, value addition and community development. A challenge Kenya is keen to embrace as it enters Africa’s gold spotlight.
