Filagot Woldeselassie’s Post

DRC is in the news, this time around, it’s about the role it’s likely to play in Europe’s green energy future given its vast deposits of critical minerals, copper and #cobalt in particular. Allow me to mention here that DRC commands two thirds of the world’s cobalt production and it’s no surprise that many developed nations are looking to the Congo as a suitable supply source of cobalt. As this demand grows, it’s my hope that we will start seeing investment inflows into the country that mirror the country’s development/growth agenda and catalyze local mineral value addition. Currently, DRC’s cobalt finds its way to #China where it’s processed, this for me represents a significant source of #revenue leakage. Perhaps DRC should now start thinking of convincing European investors to set up processing and battery manufacturing plants locally then shipping a finished product, this is where value is. This demand, for me, presents further opportunities for neighboring countries like #Zambia. Given the recent investments we’ve seen going into developing railway #infrastructure especially the Lobito Corridor, a 1300km railway 🚃 line connecting DRC and Zambia to the port in Angola, Zambia is guaranteed of safe and seamless passage of its minerals to Asia, US etc. My only hope is that as this scramble for critical minerals continues, we should prioritize local value addition and infrastructure development. These mineral rich countries should not just be sources of these resources but should be hubs where processing and manufacturing happens. Rafiki Energy 🔋

DRC is in the news, this time around, it’s about the role it’s likely to play in Europe’s green energy future given its vast deposits of critical minerals, copper and #cobalt in particular. Allow me to mention here that DRC commands two thirds of the world’s cobalt production and it’s no surprise that many developed nations are looking to the Congo as a suitable supply source of cobalt. As this demand grows, it’s my hope that we will start seeing investment inflows into the country that mirror the country’s development/growth agenda and catalyze local mineral value addition. Currently, DRC’s cobalt finds its way to #China where it’s processed, this for me represents a significant source of #revenue leakage. Perhaps DRC should now start thinking of convincing European investors to set up processing and battery manufacturing plants locally then shipping a finished product, this is where value is. This demand, for me, presents further opportunities for neighboring countries like #Zambia. Given the recent investments we’ve seen going into developing railway #infrastructure especially the Lobito Corridor, a 1300km railway 🚃 line connecting DRC and Zambia to the port in Angola, Zambia is guaranteed of safe and seamless passage of its minerals to Asia, US etc. My only hope is that as this scramble for critical minerals continues, we should prioritize local value addition and infrastructure development. These mineral rich countries should not just be sources of these resources but should be hubs where processing and manufacturing happens. Rafiki Energy 🔋

Will Africa's $16 Trillion Critical Mineral Boom Impact the Global Economy? Is your business ready to tap into Africa's projected $16 trillion mineral market over the next 25 years? Discover the strategic opportunities this could create for global industries and African economies. Africa's vast critical mineral reserves are set to play a pivotal role in the global transition towards renewable energy and advanced technologies. 🔑 Key Insights: Sub-Saharan Africa holds 30% of the world's proven critical mineral reserves. The DRC accounts for over 70% of global cobalt output, essential for battery tech. Projected revenue from these minerals could reach $16 trillion in the next 25 years. The real value lies in local processing and refining, significantly increasing the market value of these resources. For example, processing raw bauxite into aluminum can amplify its value immensely. Investing in Africa's mineral wealth isn't just about extraction—it's about fostering sustainable development and building a resilient supply chain. This requires developing robust infrastructure and regulatory frameworks, creating favorable business environments, and enhancing regional collaborations. To investors and businesses, my advice is clear: look beyond immediate gains and commit to sustainable practices that ensure long-term benefits for both your portfolios and the African communities hosting these resources. The future is here, and Africa is ready. 🌍💡 #AfricanMinerals #RenewableEnergy #GlobalInvestment #CriticalMinerals #SustainableDevelopment

The recent announcement of the US plans to extend the Lobito Corridor to the Indian Ocean through Tanzania signals a significant step forward in securing global energy resources, particularly critical minerals. This ambitious infrastructure project, spanning Angola, the DRC, Zambia, and Tanzania, will play a crucial role in facilitating the export of copper, cobalt, and other essential minerals vital for the global clean energy transition. As the demand for these minerals skyrockets, this corridor not only strengthens North America’s access to critical resources but also highlights the natural alliance between North America and Africa in the shared mission of energy security. Africa, rich in critical minerals, and North America, with its technological and investment capabilities, complement each other in their efforts to meet the world’s energy needs. Moreover, this partnership has the potential to bring substantial economic benefits to Africa, with the focus shifting from raw material extraction to processing and value addition within the continent. For both continents, this collaboration is key not only to ensuring a stable supply of resources but also to creating long-term economic resilience by building robust domestic energy infrastructure. In the race to secure critical minerals, North America and Africa are aligned, driving innovation, sustainability, and growth together. #EnergySecurity #InfrastructureDevelopment #USAfricaPartnership #CriticalMinerals #CleanEnergyTransition

The article discusses the potential for Sub-Saharan Africa to benefit from its abundant critical mineral reserves amid the global shift towards clean energy. It highlights the significant role of countries like the Democratic Republic of Congo (DRC), South Africa, and Zimbabwe in critical mineral production. The region could see substantial economic growth from rising demand for minerals like cobalt, nickel, and lithium, with estimated revenues totaling $16 trillion over the next 25 years. However, to maximize benefits, the region must move beyond raw material exports and invest in local processing industries to increase value-added, create jobs, and boost tax revenues. This requires regional cooperation to develop larger, more attractive markets, streamline policies, and improve investment environments. Domestic reforms, including structural changes and improved financial access, are also crucial for sustainable development and responsible resource management.

🌍 Africa has vast mineral deposits that are essential for the global shift to a low-carbon future and a fair, environmentally responsible digital economy. The continent holds over a fifth of the world's reserves for a dozen metals essential to the energy transition and the production of electric vehicles, solar panels and batteries. The growing global demand for these resources presents a development opportunity for resource-rich African countries if they can add value to the extracted minerals, effectively utilize the proceeds and diversify within the value chain and other sectors. For example, the Democratic Republic of the Congo 🇨🇩 increased the value of its cobalt almost threefold by processing it locally. As a result, the country’s processed cobalt exports reached $6 billion in 2022, compared to just $167 million for unprocessed cobalt. Learn more: https://bit.ly/3OD6cNf

No Mines, No Green Energy ⭕ No Africa, No Future – Here's Why As the world shifts to renewable energy, the demand for critical minerals like lithium, cobalt, nickel, and copper is skyrocketing. Africa, rich in these resources, stands at the forefront of this transformative period. Why Africa? The continent boasts vast deposits of these essential minerals, particularly in the Democratic Republic of Congo, Zambia, South Africa, and Zimbabwe. Western governments and major economies are pivoting their strategies to secure these minerals, emphasising sustainable and ethical sourcing. However, this isn't just about extraction; it's about creating a win-win scenario. Africa has the opportunity to redefine its economic landscape by revising mining policies, ensuring fair revenue distribution, and fostering local development. This can prevent the pitfalls of past exploitations and promote sustainable growth. Now is the critical moment to invest in Africa's mining sector. As a business leader, you can be part of this boom, supporting sustainable practices while capitalising on the high demand for critical minerals. Engage with local governments, invest in infrastructure, and build partnerships that prioritise environmental and social governance. 📢 Act Now: Position your business at the heart of the global energy transition. Partner with African stakeholders to harness the continent's mining potential sustainably. Let's build a future that's not just profitable but also equitable and green. 🔗 Connect with me to explore opportunities in the African mining sector! #Mining #EnergyTransition #Africa #CriticalMinerals #RenewableEnergy

Africa’s untapped potential with Critical Minerals 🌍 As the global shift towards clean energy accelerates, the demand for critical minerals is seeing a huge increase. 📌The International Energy Agency projects that by 2050, demand for nickel will double, cobalt will triple, and lithium will surge tenfold. 📌Sub-Saharan Africa holds around 30% of the world's proven reserves of these essential critical minerals. This positions the region at a pivotal point to not only supply these minerals but to transform its economic landscape in the process. 📌 The key here is in the value addition that Africa can generate by processing raw minerals, rather than just exporting them. 📌 If Africa can develop local processing industries, this has the potential to significantly contribute to job creation, poverty reduction and sustainable economic growth. Read more here -  https://lnkd.in/eFfENZtx

🌍 Africa: A Prime Destination for Steel and Minerals Investment 🌍 Africa is rapidly becoming a key player in the global steel and minerals market, presenting unparalleled opportunities for investors. With vast untapped mineral reserves, increasing infrastructure projects, and strategic positioning between major markets, the continent is poised for exponential growth in industrial commodities. 🔑 Key Drivers: 1. Infrastructure Growth: Massive investment in roads, bridges, and energy projects is driving high demand for steel. 2. Untapped Resources: Rich deposits of iron ore, cobalt, and precious metals offer significant exploration opportunities. 3. Green Steel Potential: Africa’s renewable energy resources enable the production of sustainable, low-carbon steel. With government support, improved regulations, and rising global demand for commodities, Africa is the right place to invest in the future of the steel and minerals industry. 🌱 #SteelInvestment #Minerals #Africa #Infrastructure #Sustainability #GlobalGrowth

Vision-Strategy.