Governments in West Africa can promote long-term development in the mining and power sectors by adopting strategic approaches and strengthening fiscal regimes with transparent, stable policies, according to events organiser DMG Events.

DMG Events is organising the upcoming West African Mining & Power Expo (WAMPEX), set to be held from May 28 to 30, at the Accra International Conference Centre, in Ghana.

This approach will attract investment, ensure fair revenue distribution and improve revenue administration to combat illicit financial flows, says the WAMPEX organiser.

DMG Events adds that strengthening regulatory frameworks to reduce corruption will contribute to sustainable growth.

WAMPEX has, for over 30 years, attracted prominent global mining and power exhibitors and delegates.

Encouraging environmental protection through strict regulations, along with promoting community engagement in decision-making, ensures that local populations benefit from resource extraction, says DMG Events.

Investing in infrastructure, particularly renewable-energy projects and transport networks, will further support growth in these sectors, the company says, adding that fiscal discipline, including the implementation of fiscal rules and spending controls, will ensure the effective use of resources and prevent overspending.

With West Africa’s significant potential in critical minerals, which are crucial for clean energy technologies and the global energy transition, DMG Events highlights that WAMPEX will play a vital role in supporting this development.

The event will provide a platform for industry professionals, policy makers and researchers to collaborate and drive progress, with topics of discussion to include the enhancement of fiscal policies, sustainable practices in small-scale mining and the scaling up of local content for national development.

Discussions will also focus on critical minerals, such as lithium, cobalt and nickel, as well as the role of environmental, social and governance (ESG) standards in the mining and energy sectors.

WAMPEX is also set to address regional tensions, supply chain disruptions and the challenges of implementing global tailings management standards.

These themes, DMG Events states, aim to foster sustainable growth, economic empowerment and investment in West Africa’s mining and power sectors.

The company stresses that attracting investment in exploration is crucial for unlocking West Africa’s mineral wealth.

“Key strategies to make the region more appealing to investors include ensuring regulatory stability and transparency, which foster investor confidence by providing a predictable environment.”

In small-scale mining, sustainable practices can empower local communities while addressing environmental and social concerns, the organisers add.

Sector Influence

In recent years, investor interest in West Africa’s mining and power sectors has grown, driven by the region’s potential for critical minerals and the broader economic and geopolitical factors shaping the investment climate, says DMG Events.

Countries such as Ghana and Côte d'Ivoire have become hotspots for exploration and development projects, with investors aiming to tap into the demand for minerals critical to clean energy and technology.

In addition, the African Continental Free Trade Area has created a more integrated market, enhancing trade and investment opportunities across the continent.

According to DMG Events, investors are also focusing on renewable-energy projects, such as solar, wind and hydroelectric power, which is in line with global commitments to reduce carbon emissions.

Further, governments have implemented regulatory reforms to streamline processes and provide tax incentives, which reduces risk and increases investor confidence.

Technological advancements in mining, along with a growing emphasis on ESG standards, the company highlights, are also shaping investment decisions in the region.

“WAMPEX plays a significant role in connecting stakeholders across the mining and power sectors by fostering partnerships and encouraging knowledge- sharing. “The event places a strong emphasis on sustainable energy solutions and responsible resource management, highlighting the importance of renewable energy, energy efficiency and environment-friendly mining techniques,” says DMG Events.

By promoting these sustainable practices, the company notes that WAMPEX helps to ensure that the mining and power sectors contribute to long-term environmental and social benefits.