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Prime Group Launches $60bn Investment Fund for Oil Exploration, Mining, and Agriculture in Africa

Staff writer
Sept. 19, 2024, 3:41 p.m.
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Word count: 259

Prime Group, an investment firm specializing in resource development, with a focus on sustainable investment strategies, has announced a $60bn investment fund, strategically directed towards oil exploration, mining, and agriculture sectors in Africa. 

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Prime Group, an investment firm specializing in resource development, with a focus on sustainable investment strategies, has announced a $60bn investment fund, strategically directed towards oil exploration, mining, and agriculture sectors in Africa. 

"This fund represents a landmark opportunity-not only for Prime Group of Companies, but for Africa as a whole," said Karim Bouhout, CEO of Prime Group. 

"Our ambition is to tap into Africa's extraordinary wealth of natural resources, but equally, to build a future predicated on innovation, sustainability, and community-led growth. By embracing globally recognized sustainability frameworks, we are committed to creating lasting value across oil exploration, mining, and agriculture, while safeguarding the environment and uplifting those who are integral to these industries.”

Prime Group seeks to channel the continent's vast resources into fostering sustainable growth, responsible development, and empowerment of local economies.

The fund is designed with a dual focus-generating lasting economic impact, while championing sustainable practices that prioritize environmental preservation and the welfare of the communities that underpin these industries.

Prime Group's investment fund is committed to advancing projects that meet international sustainability standards, ensuring operations are conducted with minimal ecological disruption. 

Additionally, the fund emphasizes cutting-edge technology in resource extraction and promotes the adoption of modern agricultural practices, ensuring that productivity and sustainability go hand in hand.

The group's engagement will involve close collaboration with African governments, local enterprises, and community leaders to guarantee that the economic benefits of these projects extend deeply into society. 

From job creation to community empowerment, Prime Group is dedicated to ensuring its investments serve as a powerful force for regional growth and development.

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