November 28, 2020 9:07 am

MINERALS AFRICA DEVELOPMENT INSTITUTION (MADI) LIMITED

creating an open and constructive environment to support the economic, social and environmental structural transformation of Africa's mineral sector

ABOUT MADI

Minerals Africa Development Institution (MADI) Limited is a unique innovation, a social enterprise and an independent African think tank supporting African governments, private sector and other stakeholders along the minerals value chains for sustainable mineral resources development in Africa.

MADI operates at the international forefront to promote the transformative role of minerals (oil, gas and solid) resources towards the achievement of African inclusive growth and sustainable development as envisioned by the Africa’s Lagos Plan of Action, the Abuja Treaty and the Agenda 2063 as well as the attainment of the Global Agenda 2030 or Sustainable Development Goals (SDGs).

The main goal of MADI is to transform Africa from a raw materials supplier to an industrialized continent by enabling African countries to maximize benefits through value addition, beneficiation and diversification and to integrate minerals (liquid, solid and gas) into regional and global value chains. More specifically, MADI aims to support African Union’s Vision of “An integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in global arena”, and the implementation of the frameworks such as the African Continental Free Trade Area (AfCFTA), the boosting of Intra African Trade (BIAT), Accelerating Industrial Development of Africa (AIDA) and more specifically the Africa Mining Vision (AMV).

MADI’s main objective is to de-risk the African minerals sector in order to attract responsible investments both domestic and foreign, that will ensure that there are social and economic mutual benefits accruing equitably to all key stakeholders while taking environmental and climate change concerns into account.

The AMV was adopted by the AU heads of State and Government in 2009 as a framework for promoting “Transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development”. It is Africa’s own response to tackling the paradox of great mineral wealth existing side-by-side with pervasive and abject poverty. The AMV is holistic; it advocates thinking outside the “mining box”. Accordingly, it’s not just a question of maximizing revenues by African Governments or maximizing profits by the companies for their shareholders, rather it is about optimization of value along the minerals value chains. It is about integrating mineral resources into the broader development policies, laws and regulatory frameworks at local, national and regional levels in order to achieve social and economic structural transformation of African economies for their inclusive growth and sustainable development.

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