Via Bloomberg, a report on Indonesia’s cobalt potential: Indonesia has become the world’s second-largest cobalt producer, bolstering its bid to be a big player in the electric-vehicle supply chain. Production of the battery material in the Southeast Asian country surged past others including Russia and Australia to grab the No. 2 spot last year, according […]
Read more »Via Reuters, a report on Egypt’s plan to sell stakes in a number of state enterprises in the next year: Egypt plans to sell stakes in at least 32 companies by the end of March 2024, Prime Minister Moustafa Madbouly said on Wednesday, dusting off plans that have largely lain dormant for years as the […]
Read more »Via Modern Diplomacy, an article on the potential next wave of expansion for the BRICS: Throughout 2022 the theme of BRICS expansion has taken on notable momentum as China’s BRICS+ initiative has engendered increasing aspirations from some of the largest developing economies to join the BRICS grouping. Countries from diverse geographies such as Argentina, Turkey, […]
Read more »Courtesy of The Africa Report, an article on Zambia’s search for Western financiers for EV battery project with DRC: Zambia says it will seek Western lenders for its plans to partner with the Democratic Republic of Congo (DRC) to jointly start producing electric vehicles batteries and cement a firm position in the global supply chain. The mineral-rich […]
Read more »Via VOA, an article on the growing competition for Africa’s rare earth minerals: South Africa hosted the world’s biggest mining investment conference this week, with industry experts in attendance saying the U.S. and China are in a race for the critical minerals — such as cobalt and lithium — that will likely power the projected […]
Read more »Via TechSafari, an interesting look at Africa’s logistics sector: It was a brutal week for logistics startups. Gokada (a last-mile delivery company) laid off 54 employees this week, and is on the brink after acquisition talks with Kwik fell through. And Sendy – a Kenyan logistics contender that raised $26 million from Atlantica Ventures and Toyota […]
Read more »