Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources.  There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Nigeria is building Africa's largest rare metal processing plant

 

 

A joint delegation from Nigeria's Federal Ministry of Solid Minerals Development and the Nasarawa State Regional Government visited the Uke rare-earth metals plant to assess technical readiness and compliance with regulatory standards.

 

Regulatory inspectors confirmed that administrative blocks have been completed and initial testing machinery is being positioned on site. Over the next 12-18 months, it is planned to launch a facility that will be able to process 12,000 tons of rare-earth metals per year.

 

The Nigerian company Hasetins Commodities Limited started the construction of Africa's largest rare-earth metals plant in late 2025. Here it is planned to produce metals such as tantalum, tungsten, tin, monazite, neodymium and praseodymium, which are necessary for modern high-tech industries. The cost of the project will be $400 million.

 

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