Investment in Africa
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Sygnia CEO Magda Wierzycka Says Potential for Africa's Youth Is 'Limitless'
Bloomberg Television· 2025-11-29 07:00
No one is looking at the broader investment in Africa, which I think is hugely exciting, and it marries up with the evolution in technology that we are seeing. So, you know, in terms of Africa, you're looking at the youngest demographics in the world. You're looking at increasingly cheap access to data that people have in rural areas on non rural areas and of course access and the cost of data needs to come down.But with that comes opportunities which live on top of data. So let's talk about health care. Yo ...
His Excellency Joseph Boakai, President of Liberia, and ArcelorMittal Executive Chairman Mr. Lakshmi Mittal attend inauguration of new concentrator
GlobeNewswire News Room· 2025-06-05 17:32
Core Points - ArcelorMittal inaugurated a new 20 million tonne capacity concentrator in Liberia, marking a significant milestone in its mining operations in the country [1][2] - The concentrator is part of a US$1.8 billion expansion project, increasing ArcelorMittal's total investment in Liberia to approximately US$3 billion, and aims to boost iron ore production from 5 million tonnes to 20 million tonnes annually [2][6] - The expansion includes infrastructure upgrades such as railway enhancements and a new pier at the port of Buchanan, creating over 5,000 construction jobs and expected to generate 1,000 permanent jobs [3][4] Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, with operations in 60 countries and primary steelmaking in 15 countries [10] - In 2024, ArcelorMittal generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore [10] - The company has plans for further expansion in Liberia, with ambitions to increase production capacity to 30 million tonnes annually and explore options for producing DRI quality concentrate [8]