Africa24 TV

Africa : Natural Resources Valued at USD 6.5 Trillion

The sustainable management of natural resources in Africa is a major challenge that will shape the continent’s socio-economic future. It involves balancing the exploitation of natural wealth found above and below the ground with environmental preservation, ensuring present prosperity without compromising the needs of future generations.

According to data from the African Development Bank, Africa possesses an exceptional growth driver through its natural resources, estimated at USD 6.5 trillion. The continent is also home to 65% of the world’s uncultivated arable land and benefits from a particularly dynamic youth population. However, this economic potential is hindered by intensive exploitation and insufficient regulation, which threaten the sustainability of these resources while increasing the vulnerability of communities to climate change.

“Long-term discussions help us better assess and quantify the contribution of natural resources to the national economy, wealth creation, food and nutrition security, and ultimately, prosperity.”

Oumar Ndiaye, Climate Change Officer, FAO – Senegal

Africa, which holds 30% of the world’s mineral reserves essential for the green transition, must prioritize industrialization to drive its development. According to the United Nations Conference on Trade and Development, the continent accounts for significant shares of global reserves of cobalt (55%), manganese (47.65%), graphite (21.6%), and nickel (5.6%). Experts argue that Africa must move away from unsustainable raw material exports and position itself as a leader in the energy and digital transitions, thereby ensuring inclusive social progress.

“To increase economic benefits, strengthen governance in conservation areas, improve land management, and ensure the sustainable use of natural resources, it is essential to adopt appropriate measures that promote social equity and reinforce local economic systems.”

John Kasaona, Executive Director, Integrated Rural Development – Namibia

According to the African Economic Outlook 2023 report published by the African Development Bank, natural resources and renewable energy account for approximately 62% of Africa’s GDP. Over seven years, the Bank invested nearly USD 8 billion in agriculture, benefiting 250 million people. To address shortages caused by the Russia–Ukraine conflict, it also mobilized USD 1.5 billion to secure local food production.

“Given the limited resources available to African countries, rigorous planning and clear prioritization are essential. As a forestry agronomist, I emphasize that natural resources are the foundation of sustainable development. Massive investments are urgently needed to restore soils and protect forests, whose silent degradation threatens food security. This vital heritage must be preserved now to guarantee resilience and well-being for future generations.”

Brice Sinsin, Agronomist Engineer – Benin

In rural areas, natural resources—including forests, soils, water, and biodiversity—are essential to the economic and social well-being of communities. However, overexploitation, the effects of climate change, and sometimes inadequate governance have led to their degradation. To address these challenges, sustainable and inclusive management approaches are being implemented, including participatory resource management, land tenure security, and the promotion of local knowledge, notably Farmer-Managed Natural Regeneration (FMNR). These initiatives aim to strengthen the role of communities, particularly women and young people, in preserving and sustainably managing their environment.

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