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: supply chain
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.