The announcement was made on Tuesday in Abuja by the Minister of Solid Minerals Development, Dr. Dele Alake, during a briefing ahead of the 2025 African Natural Resources and Energy Investment Summit, scheduled for July 15 to 17 at the State House Conference Centre, Abuja.

Represented by the Director-General of the Mining Cadastre Office, Obadiah Nkom, the minister said the fund aims to harness African capital for African priorities, with a focus on industrialisation, resource beneficiation, and strategic investments across the solid minerals value chain.

He highlighted that the Fund would be one of the key highlights of the fourth edition of AFNIS, which has now grown into Africa’s flagship platform for investment matchmaking, cross-sector dialogue and long-term strategic partnerships in the extractives industry.