• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa needs to establish policies for developing its minerals – AfDB

3 years ago
in Business, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
AfDB

AfDB

70
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa needs to establish policies for developing its minerals – AfDB

The Acting Chief Economist at the African Development Bank (AfDB), Professor Kevin Chika Urama, has called on African countries to establish policies that will aid the development of the continent’s minerals.

Professor Urama made the call during an interview with Television Continental (TVC) on Monday, November 21.

He noted that Africa has 90% of green minerals that are important for the global energy transition, and 60% of solar radiation potential. Developing these potentials could help the continent to become a relevant player in the global energy transition era.

According to him, if African policymakers can establish simple policies such as franchising, it could enable African countries to scale the development of their resources. And this will greatly benefit the continent. 

Great potentials: In its 2022 African Economic Outlook, the AfDB pointed out that African countries have strategic presences in critical rare earth minerals used in battery manufacture that are in high global demand.

The Democratic Republic of Congo (DRC) has 50% of global reserves of cobalt. South Africa and Gabon have nearly 40% of global manganese reserves. Mozambique and Tanzania, albeit at a smaller scale due to the relative size of their reserves, could play a value-chain role in graphite.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Zimbabwe could develop a niche presence in lithium, and because of cost-efficient logistics as well as cheap project development, a battery factory in that country would cost roughly one-third of one in the United States or China.

Financing needed: The Outlook also noted that with adequate policy and financial support, Africa could establish a large, lead-acid, and lithium-ion battery recycling and repurposing value chain. This can happen by organizing and formalizing existing informal capacities, linking regional battery sourcing, and standardizing battery value chains.

In case you missed it: During the 2022 Reuters Impact conference, the Chief Executive Officer of Africa Finance Corporation (AFC), Samaila Zubairu, said that Africa needs to become pragmatic in its approach to the energy transition in different ways. One of the ways he suggested was for Africa to expand its mining and refining capacities.

He said: “Africa needs to expand its mining capacity, more minerals should be sourced, mined, and processed here on the continent. More investments in adaptation will increase infrastructural capacity.” 

Tags: 2022 African Economic OutlookAfDBAfrica needs to establish policies for developing its minerals – AfDBAfrican Development Bank (AfDB)
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.