Perseus Mining of Australia is committing USD 523 million to the Nyanzaga Gold Project in Tanzania.
Located 60 kilometers in the southwest area of Mwanza, the Nyanzaga Gold Project is poised to become the first large-scale mining development of its kind in the region.
On the other hand, Perseus Mining is also approving a USD 124.6 million Foreign Direct Investment for the Yaouré Underground Mine in Ivory Coast.
Meanwhile, the Ambrosia Investment Holding of the United Arab Emirates (UAE) invested USD 375 million in Allied Gold’s expansion in Ethiopia and Mali, acquiring a 50 percent stake in the process.
Africa, which is the world’s second-largest gold-producing region after China, experiences a marked increase in gold mining investment in 2025.
Driven by strong global demand, favourable prices and vast untapped reserves, international financiers are stepping up support for gold projects across the continent.
In June 2025, the Canadian firm Asante Gold secured a USD 470 million financing package from Appian Capital and South Africa’s FirstRand Bank, to expand the Chirano Mine and advance the Bibiani Project in Ghana – Africa’s leading gold producer and the sixth largest globally.
Several major funding announcements in recent months highlight growing momentum.
In June, the Industrial Development Corporation of South Africa extended a USD 35 million loan to Theta Gold Mines for its USD 77 million Transvaal Gold Mining Estate in Mpumalanga, South Africa.
In May, Africa Finance Corporation provided a €100 million loan to Portuguese firm Mota–Engil Africa to support gold mining infrastructure in Ivory Coast and Mali.
Around the same time, China’s Zijin Mining launched a gold streaming initiative to raise USD 200–400 million in Foreign Direct Investment for African gold assets, starting with a USD 125 million investment in Montage Gold’s Koné Project in Ivory Coast.
These funding rounds, according to economic experts, reflect rising confidence in the future of African gold and the sector’s role in the global supply chain.
They also underscore the importance of expanding local refining, beneficiation and export capabilities.
As investment flows increase, so too does the urgency to build resilient infrastructure, strengthen regulatory frameworks and ensure that host communities benefit from long-term economic gains.