Appian Targets 2B for Africa Mining
Appian Capital plans to invest roughly 2 billion dollars in African mining but warns that policy uncertainty is driving capital toward Latin America. The private equity firm highlights Morocco and Namibia as top jurisdictions while urging stable regulations.
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Appian Capital Advisory plans to deploy up to $7B globally, allocating $2B to Africa over the next 12 to 24 months. CEO Michael Scherb said regulatory unpredictability is pushing capital toward Latin America. The private equity firm currently manages three active projects in Africa while seeking stability in jurisdictions with streamlined permitting.
