AFC Targets Iron Ore and Uranium

The Africa Finance Corporation plans to invest in iron ore and uranium projects across Africa. Franklin Edochie stated that financing announcements could arrive within months as global demand grows.

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A wheel loader operates at the blocks three and four of the Simandou mine, one of the largest high-grade iron ore deposits, run by Rio Tinto and partners' joint venture, SimFer, in the Nzerekore Region, Guinea November 5, 2025. REUTERS/Luc Gnago

The Africa Finance Corporation is targeting new investments in iron ore and uranium across Africa to scale its critical minerals portfolio. The Lagos-based institution aims to capitalize on rising global demand for battery and energy transition materials. Investments arrive as the United States and other major economies race to secure supply chains outside of China.

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