Strengthening Africa’s Critical Mineral Sector: Major Investments Fueling Economic Growth

In September 2024, the Industrial Development Corporation of South Africa (IDC), along with the Development Bank of Southern Africa (DBSA) and Tanzania’s CRDB Bank, announced a significant $179 million investment in Tanzania’s Mahenge Graphite Project. This financing aims to capitalize on the growing demand for energy transition metals, positioning Tanzania as a key player in the global market with an output of 347,000 tons per annum. The funding reflects a broader trend of African nations seeking to reduce reliance on foreign financing while gaining greater control over mining projects. As regional financial institutions bolster support for critical mineral initiatives, the upcoming Critical Minerals Africa (CMA) 2024 summit will explore innovative investment opportunities and local financing mechanisms, highlighting Africa’s vast potential in the critical minerals sector.

Africa Adaptation Acceleration Program Wins Top NDC Adaptation Investment Award for Groundbreaking Climate Efforts

The Africa Adaptation Acceleration Program (AAAP) has been awarded the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. Launched by the African Development Bank and the Global Center on Adaptation, AAAP aims to mobilize $25 billion by 2025 to drive climate adaptation projects across Africa, focusing on infrastructure, food security, and youth entrepreneurship. The program has already raised over $9 billion and is transforming lives in 41 countries.

CMA 2024 Summit to Explore China’s Expanding Role in Africa’s Copper Industry

The Critical Minerals Africa (CMA) 2024 Summit will explore China’s growing influence in Africa’s copper industry, highlighting major investments in mining projects across the continent. With over $50 billion in pledged financing, China is helping Africa boost its copper production to meet global demand for energy transition minerals. The summit, taking place November 6-7 in Cape Town, will bring together industry leaders to discuss the future of African mining and its impact on the global supply chain.

Investing in Africa’s Manufacturing Growth – A Pathway to Sustainable Prosperity

Africa’s manufacturing sector is emerging as a key engine of growth, offering unparalleled investment opportunities as the continent urbanizes and industrializes. With a rapidly expanding population and middle class, Africa is becoming a robust market for high-quality goods. The continent’s abundant natural resources and strategic location between major global markets further enhance its appeal. Supported by progressive policies and technological advancements, Africa is poised for a manufacturing renaissance that can drive economic diversification, create jobs, and elevate living standards. Now is the time for investors to seize this opportunity and contribute to Africa’s sustainable prosperity.

Atlantic Lithium Makes History on Ghana Stock Exchange

On May 13th, 2024, Atlantic Lithium made history by becoming the first lithium-focused company to trade on the Ghana Stock Exchange (GSE) under the ticker “ALLGH.” This milestone marks the beginning of Ghana’s first lithium mine, the Ewoyaa Lithium Project, which is set to produce 365,000 tonnes of spodumene concentrate annually. The listing offers Ghanaians a unique investment opportunity and signifies a major step in the country’s economic and green energy transition efforts.

UNDP Announces Groundbreaking Start-Up Ecosystem Event in South Africa

The United Nations Development Programme (UNDP) is thrilled to announce an exciting new event in South Africa as part of the “UNDP Meet the Toshikas” initiative, which also spans Angola and Zambia. This event is set to connect investors, accelerators, incubators, local corporates, and governmental bodies with innovative start-ups. Out of 254 applicants, 10 outstanding start-ups from South Africa have been selected to pitch their groundbreaking ideas. The event will feature insightful presentations and panel discussions with key ecosystem stakeholders and esteemed Japanese investors, fostering robust

business networks and facilitating collaboration opportunities. Supported by Japan’s Ministry of Economy, Trade, and Industry (METI), “Meet the Toshikas” aims to empower young African entrepreneurs, enhance their competitiveness, and attract Japanese venture capital investment to Africa. For more information, visit UNDP Meet the Toshikas.