FCMB Asset Management (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed ₦100 billion FCMB–TLG Private Debt Fund Series 1, marking a […]
Tag: economic growth
Building Africa’s Future: Nature-Based Solutions for Resilient Infrastructure
The China Development Bank and the Development Bank of Southern Africa have recently signed a $293 million loan facility to support infrastructure development across the […]
Another Public-Private Rail Transport Service Agreement Signed
A new milestone has been reached in South Africa’s efforts to strengthen its rail transport sector, with the signing of a fresh public-private service agreement […]
Mozambique and Zambia to Sign $1.5 Billion Pipeline Agreement to Boost Regional Fuel Transport
Mozambique and Zambia are set to sign a groundbreaking agreement for the construction of a US$1.5 billion (€1.3 billion) petroleum products pipeline, marking a significant […]
AfDB and Djibouti Deepen Ties to Accelerate National Development Goals
The African Development Bank (AfDB) has reaffirmed its commitment to Djibouti’s national development agenda following a successful consultation mission to the country. The delegation, led […]
IFC Invests $50 Million in Lagos Free Zone to Boost Nigeria’s Economic Growth
In a strategic move to bolster Nigeria’s economic growth, the International Finance Corporation (IFC) has announced an investment of up to $50 million in the […]
Caterpillar’s Century-Long Presence in Africa: Building a Sustainable Future
Caterpillar, a global leader in manufacturing construction and mining equipment, industrial engines, and diesel-electric locomotives, has had a longstanding presence in Africa for nearly 100 years. The company’s journey on the continent highlights a deep commitment to fostering sustainable growth and infrastructure development.
Africa’s Role in Supplying Critical Minerals for the Green Energy Revolution
As the global economy pivots towards sustainability, the demand for critical minerals such as lithium, cobalt, and rare earth elements (REEs) has surged. These materials are the cornerstone of modern clean energy technologies, powering everything from electric vehicles (EVs) to renewable energy storage systems. Africa, endowed with vast deposits of these resources, is increasingly at the forefront of the green energy transition. But how can the continent navigate its opportunities and challenges in this burgeoning sector?
Global Shifts in Battery Manufacturing: Africa’s Role in the Future of Clean Energy
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.
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 […]
Weir Group Lands £25 Million Contract for Advanced Separation Technology in Morocco
On September 30, 2024, The Weir Group PLC announced a substantial £25 million contract to provide energy-efficient separation solutions for the OCP Group’s Benguerir and Louta greenfield phosphate projects in Morocco. This contract includes the supply of advanced WARMAN® slurry pumps and CAVEX® hydrocyclones, aimed at supporting the construction of the Louta project and tripling production at the Benguerir site. Jon Stanton, CEO of Weir, emphasized that the contract signifies a strong endorsement of their technologies, which are designed to enhance productivity while meeting sustainability goals. With an impressive projected mine life of over 100 years, this collaboration positions Weir as a key partner in Morocco’s phosphate mining future.
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.
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.
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.