Zambia Delegation Signed MOU With MIIF

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF or the Fund), Mrs Justina Nelson, has stated that Ghana and Zambia have a strong opportunity to collaborate to optimize their mineral resources for the benefit of present and future generations within their respective countries.

She noted that the two mineral-rich nations can also learn from each other’s experiences, share technical expertise, and explore co-investment opportunities in areas of mutual interest within the mineral value chain as they look forward to re-writing the narrative about the continent’s fledging mining sector.

Mrs Nelson made the observation when MIIF hosted the High Commissioner of the Republic of Zambia to Ghana, Mr Daniel Mahongo, and his delegation during a familiarization visit aimed at strengthening bilateral cooperation within Africa’s mineral value chain.

Welcoming the delegation, MIIF’s Chief Executive Officer, described the visit as a significant step toward deepening collaboration between Ghana and Zambia, two mineral-rich nations committed to transforming natural resource wealth into sustainable, long-term prosperity.

Mrs Nelson noted that MIIF, Ghana’s sovereign wealth fund for mineral revenues, remains focused on maximizing value from the country’s mineral portfolio, including gold, lithium, manganese, diamonds, and emerging critical minerals, through strategic investment, value addition, local content development, and intergenerational wealth creation.

She highlighted Zambia’s leadership in the copper and cobalt sectors and emphasized the mutual opportunities for learning, investment, and partnership across both countries’ mineral ecosystems.
During the meeting, MIIF through two elaborate presentations, shared insights into its governance structure, investment philosophy, and risk management frameworks, while the Zambian delegation outlined its priorities in export diversification, investment promotion, and economic transformation.

Both sides identified key areas for collaboration, including joint investments, technical cooperation, beneficiation strategies, and the development of Africa’s emerging 24-hour mining economy.
Consequently, MIIF proposed the establishment of a Joint Technical Working Group to advance these commitments.

Mrs Nelson expressed appreciation for the productive engagement, expressing confidence that the visit marks the beginning of a strong and enduring partnership that will deliver measurable benefits to both countries.

Mr Mahongo on his part, expressed gratitude to MIIF for the warm reception and opportunity to engage.

He reaffirmed Zambia’s commitment to leverage its mineral wealth for development, industrialization, and diversification, highlighting ongoing reforms in state participation, licensing, Artisanal Small-Scale Mining (ASM) formalization, and innovative investment vehicles.

He emphasized Zambia’s interest in learning from MIIF’s governance and portfolio strategies to enhance responsible and sustainable mineral income management.

The High Commissioner used the opportunity to outline Zambia’s openness to regional cooperation through Memorandum of Understanding (MoU), joint initiatives, and engaging the private sector in downstream mining, processing, and royalty-backed investments.

Mr Mahongo expressed confidence that stronger collaboration will support Zambia’s reform agenda, promote sustainable growth, and turn its mineral resources into long-term national prosperity.