The Minerals Income Investment Fund (MIIF) has positioned its sovereign minerals investment model as a reference point for mineral-rich African countries, sharing its governance and investment framework with Zambian officials seeking to strengthen the management of their country’s mineral wealth.
The engagement formed part of a study visit by a 12-member high-level delegation from Zambia to learn from Ghana’s experience in managing mineral royalties through a dedicated sovereign minerals investment fund.
The delegation, led by Zambia’s Permanent Secretary for Budget at the Ministry of Finance and National Planning, Mwaka Mukubesa, held discussions with MIIF’s Board, management and technical teams on the Fund’s governance structure, investment strategy, royalty mobilisation mechanisms and portfolio management.
Speaking during the engagement, MIIF Board Chairman Richard Kwame Asante said the visit reflected the deepening cooperation between Ghana and Zambia in the extractive sector, with both countries seeking to harness their mineral resources to drive industrialisation, economic transformation and sustainable development under the African Continental Free Trade Area (AfCFTA).
Chief Executive Officer Justina Nelson outlined MIIF’s growth since it became operational in 2020, explaining that the Fund invests Ghana’s mineral royalty revenues to generate long-term value while maintaining strong governance, accountability and transparency.
She noted that the Fund’s approach is aimed at ensuring mineral wealth delivers lasting economic benefits beyond the life of the country’s natural resources.
The visit ended with technical discussions on investment management, mineral royalty mobilisation and opportunities for future collaboration between Ghana and Zambia to strengthen sustainable mineral resource governance across the continent.
