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: Investment
Kodal and Mali Government Sign MoU for Bougouni Lithium Project Transfer
Kodal Minerals has entered a binding memorandum of understanding (MoU) with the Malian government to finalize the transfer of the Bougouni lithium project mining license to Les Mines de Lithium de Bougouni SA (LMLB). This agreement follows a $117.5 million investment from Hainan Group and is governed by the 2023 Mining Code of Mali. Key provisions of the MoU include the allocation of a 35% equity interest in LMLB to the Malian State and local investors, with customs and duties exemptions during the construction phase. Kodal Minerals CEO Bernard Aylward emphasized that this milestone solidifies the project’s future and underscores the strong partnership between Kodal and the Malian government, with production expected to begin in the first quarter of 2025.
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.
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.
Qatar Airways Nears Investment in Southern African Airline
Qatar Airways is nearing the final stages of a significant investment in a southern African airline, according to CEO Badr Mohammed Al Meer. This move, expected to be officially announced within weeks, aims to enhance Qatar Airways’ presence in Africa by improving connectivity and offering more flight options in the region. While the specific airline remains undisclosed, the investment highlights Qatar Airways’ commitment to expanding its network and capitalizing on Africa’s growing aviation market.
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 […]
Nigerian Government Revokes Hundreds of Dormant Mining Licenses
In a sweeping move aimed at revitalizing Nigeria’s mining sector, the Federal Government, acting through the Ministry of Solid Minerals Development, has revoked a staggering 924 dormant licenses. This bold step, following a similar revocation in November 2023, underscores the government’s commitment to combat license speculation and promote active mining. Minister Dele Alake emphasized the adherence to due process, providing license holders ample notification through official channels. The revocation, spanning exploration, mining, quarrying, and small-scale mining licenses, aims to allocate resources to those committed to productive mining activities, fostering economic growth and transparency in the sector.
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.