Africa stands on the cusp of becoming a global leader in battery manufacturing, thanks to its rich reserves of lithium, nickel, manganese, and copper. With the US and EU diversifying supply chains away from China, Africa’s cost-competitive advantage in refining – up to 40% lower costs by 2030 – positions the continent to transition from a raw material exporter to a producer of high-value battery components. Strategic investments, supportive policies, and a focus on sustainability could enable African nations to power the global shift to clean energy while creating jobs and economic growth across the region.
Tag: africa
Çayeli Bakir Transforms Mining Operations with Micromine Pitram, Achieving Major Productivity Gains
“Micromine Pitram powers Çayeli Bakir İşletmeleri to 18% more productivity” Micromine, a prominent innovator in advanced mining technology, has showcased impressive outcomes achieved by Çayeli […]
First shipments of graphite concentrate from Madagascar mine to Germany, US
NextSource Materials, a company listed on the Toronto Stock Exchange, has announced its first commercial shipments of graphite concentrate from the Molo graphite mine in […]
PowerROC T35: Enhanced Efficiency and Performance with Epiroc’s Next-Gen Drill Rig
Epiroc has introduced an upgraded PowerROC T35, a next-generation surface drill rig aimed at the global quarrying and construction markets. This new model, touted as […]
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.
Mission 300: A Global Coalition’s Ambitious Plan to Electrify 300 Million Africans by 2030
Ahead of Climate Week NYC, a global coalition of organizations, including the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL), and The Rockefeller Foundation, launched “Mission 300” to bring electricity to 300 million Africans by 2030. The initiative, supported by the African Development Bank and World Bank, aims to mobilize private sector financing and technical assistance across 11 African nations, transforming energy access and fostering economic growth across the continent.
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.
Carbon Capture, Utilisation, and Storage: A Beacon for South Africa’s Energy Future
Carbon Capture, Utilisation, and Storage (CCUS) offers South Africa a crucial solution to balance economic growth with environmental sustainability. The Council for Geoscience’s (CGS) dedication to advancing CCUS technology, in partnership with various stakeholders, is a positive move. Integrating CCUS with renewable energy, creating supportive policies, and increasing public awareness can lead to a resilient, sustainable energy future. South Africa’s proactive efforts in CCUS can become a model for other coal-dependent countries, demonstrating that with determination, innovation, and collaboration, it is possible to meet climate goals and ensure a prosperous future.
Minister Senzo Mchunu Discusses Municipal Service Delivery and Key Projects
In an insightful interview with Kirsten Kelly, Minister of Water and Sanitation Senzo Mchunu discusses the challenges and transformative initiatives in municipal water service delivery. Highlighting the theme of “Water for Peace” on World Water Day, Mchunu underscores the collaborative potential of water to unite communities and countries. He also elaborates on critical projects and legislative reforms aimed at ensuring reliable access to potable water across South Africa, emphasizing the department’s shift towards a more integrated approach to water resource and services management.
Africa’s Clean Energy Surge: A Beacon of Hope in Declining Foreign Investments
Despite a slight decline in overall foreign investment flows to Africa in 2023, the continent’s clean energy sector has seen a remarkable surge, attracting significant global interest. Noteworthy investments include a $34 billion green hydrogen project in Mauritania and over $10 billion for wind and solar projects in Egypt, South Africa, and Zimbabwe. These developments highlight Africa’s growing commitment to sustainability and its potential to lead in renewable energy, driving economic growth and environmental progress.
Namibia Launches $2.1 Billion Port Expansion to Support Oil Industry Growth
Namibia’s $2.1 billion port expansion promises significant economic growth and a broader impact on the Southern African Development Community (SADC) region. Enhancing infrastructure at Walvis Bay and developing a new port in Lüderitz will boost trade, supply chain efficiency, and logistics capabilities. Projected to increase cargo throughput and accommodate larger vessels, the expansion will drive trade volumes and attract investments in logistics and warehousing. This initiative is set to benefit landlocked SADC nations, stimulate ancillary industries, and create employment opportunities, fostering economic prosperity and regional integration.
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.
Global Coal Organization Calls for Balanced Approach to Energy Policy
The recent announcement by the Group of Seven (G7) forum to phase out unabated coal by 2035 has sparked debate and scrutiny from various quarters, […]
Investment Summit in South Africa Showcases Zimbabwe’s Economic Potential
Zimbabwe’s Minister for Finance and Investment Promotion, Mthuli Ncube, alongside Tafadzwa Chinamo, the Chief Executive Officer of Zimbabwe Investment Development Agency, spearheaded a groundbreaking two-day […]
Africa’s Tech Continues to Soar: Fintech Solutions and Record VC Funding Point to a Promising Future
In Africa’s dynamic tech landscape, two key developments are reshaping the future: the surge of fintech solutions tailored for freelancers and unprecedented investment in early-stage startups. With freelancers driving the gig economy, fintech platforms are revolutionizing financial management, while TLcom Capital’s $154 million fund underscores growing global confidence in African tech ventures. These trends promise empowerment and growth, heralding Africa’s ascent as a tech powerhouse.
Energizing Namibia: A Vision for Sustainable Prosperity
In the vast expanse of Africa lies Namibia, a nation brimming with untapped energy potential and boundless opportunities for growth. At the forefront of this energy revolution stands the Namibia International Energy Conference (NIEC), an annual gathering that serves as a nexus for government officials, industry leaders, investors, and visionaries to converge and chart the course for Namibia’s energy future.