Courtesy of The Africa Report, a look at Saudi Arabia’s ambitious economic foray into Africa as part of its drive to become a global power that is less reliant on energy: The monarchy hosted a Saudi-Arab-African economic conference in Riyadh in November, where it committed more than $500m into projects and investments in Africa through […]
Read more »Via The Korea Times, a report on Korea’s efforts to boost ties with Tanzania, Mozambique, and Madagascar in its search for critical minerals: Korean companies and the government are shifting their focus to Africa from China to secure graphite, as Beijing attempts to control exports of the core mineral for rechargeable batteries next month, according […]
Read more »Via Bloomberg, a report that South Korea is looking towards Africa as China tightens graphite controls: Tanzania and Mozambique among countries under consideration Seoul to seek talks with Beijing for smooth graphite trade South Korea is looking to African countries to secure graphite as China tightens its exports controls over the key material used in […]
Read more »Courtesy of Barron’s, a look at how Chinese restrictions on graphite may help emerging markets like Brazil, Turkey, Madagascar, and Mauritius which also have reserves: China’s stricter controls over graphite exports mean companies, including electric-vehicle makers such as Tesla, will have to accelerate their search for alterative sources of the mineral. Demand for graphite for use in […]
Read more »Courtesy of The Africa Report, interesting analysis on where it is ‘best to invest’ in Africa: In a complex economic environment in Africa, political risk, soaring construction costs and rising interest rates are putting the brakes on international investors’ enthusiasm, but manufacturers are playing the local value-added card. What’s more, six of the world’s top […]
Read more »Via Bloomberg, an article on Mozambique’s energy transition plans: Country in talks with Germany, UAE, Belgium and the UK Plans to harness country’s hydro and solar power potential Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit later […]
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