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: Infrastructure
Akobo Minerals Announces Major Milestone in Segele Mine Development, Moving Towards Full-Scale Ore Extraction
Akobo Minerals has achieved a significant milestone in the development of its Segele mine with the completion of the crosscut between the Western and Eastern tunnels. This critical infrastructure enhances operational efficiency and safety, allowing the team to transition from development to stoping activities. The crosscut improves ventilation and provides a secondary exit route, boosting worker safety.
As the company prepares to extract high-grade ore from the richest section, Stope 01, discussions among stakeholders reflect optimism for increased production and financial stability. The mining community is closely monitoring these developments, anticipating a transformative phase for Akobo Minerals as it positions itself for significant growth in the region’s mining 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.
WORKING AT HEIGHTS
The Msikaba Bridge, spanning 580 meters across the Msikaba Gorge in South Africa’s Eastern Cape, is set to become one of the highest bridges in Africa. As part of the N2 toll road project, this engineering marvel is being constructed by the CME Joint Venture and is expected to be completed by late 2024. The project emphasizes safety, precision engineering, and local community engagement, setting a new standard for infrastructure development in the region.
City of Johannesburg Commits R20 Million for M1 Bridge Repairs After Devastating Fire
In the wake of a devastating fire that engulfed the M1 highway bridge in Johannesburg, the City of Johannesburg has pledged R20 million towards its urgent repairs. Suspected to be ignited by cable theft, the blaze inflicted significant damage, prompting immediate action to ensure commuter safety and restore vital infrastructure.