Investment in Africa has been given the thumbs up by one of the world’s biggest mining firms, after Anglo American South Africa boss Kuseni Dlamini said the continent is ripe for investment.

“Just as, in the early Seventies, US leaders Richard Nixon and Henry Kissinger predicted the rise of China, Africa is a sleeping giant that is yet to rise to take its rightful place in the mainstream spheres of economic and commercial affairs,” said Dlamini in an interview with Mining Weekly.

Speaking at Nedgroup Securities’ second African Investment Conference in Johannesburg, Dlamini added that in the current financial tumult engulfing global markets, Africa continued to offer immense investment opportunity.

“We have seen what a country like Botswana has done and the outcomes and we’ve also seen the challenges in other countries like Chad, where there is still a need of stabilisation and the putting in place of the correct systems,” Dlamini added.