Africa Aims to Cash In on Critical Minerals | Africa Amplified

Published 2024-08-02
This month we dig into what's literally powering the global energy transition. The demand for critical minerals has taken on new impetus for countries, corporations and consumers worldwide, and Africa is hoping to cash in. We look at how some African nations are trying to take back control of their natural resources, and what else needs to be done to harness the full potential of the continent's critical minerals. We also bring you a roundup of the top stories from east, west and southern Africa, including Ethiopia unlocking funding from the World Bank and IMF, protests in Nigeria against the cost of living and why South Africa's ANC party has expelled its former leader, Jacob Zuma.

00:00 Intro
01:30 Around the continent: Ethiopia funding, Nigeria protests, South Africa politics
09:30 African countries seek new ways to benefit from mineral wealth
11:19 Zambia aims for bigger stake in mines
17:00 Africa lags in clean tech supply chain competitiveness

#africa #africaamplified #mining #minerals #nigeria #zambia #ethiopia #southafrica

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All Comments (18)
  • @kwektans
    Step 1. Follow Indonesia’s strategy of banning the export of raw materials and encourage the processing of the raw materials locally for export.
  • @Rapguruu
    Lets Go Zambia, Pavel the way and be an example of better deals in Africa ❤
  • @les_crow
    The things that Africa tries to do don't usually work and this is because they try to do them via overpowered governments. The blueprint of failed African states is always to centralize as much of the rewards and control over the systems they create as possible as well as securing external revenue streams for that center so that even if they fail to do their job it won't affect them. As a result most of the low level players don't really benefit from doing their job and the high level players aren't affected enough if the project fails so everyone starts crying about a lack of political will when the whole thing inevitably fails to launch. I hope we have learned.
  • Kenyan president should watch this... because we have minerals and we don't what happens. The newly discovered Coltan should be a major focus.
  • Reforms and depoliticize, E- Procurement, screening for physical and financial investment projects for everyone would help with transparency and accountability would spur growth and development in the continent which is endowed with natural resources. Cases studies to look at would be in Chile, South Korea, Costa Rica, Colombia and Georgia with advancement in technology
  • Hopefully it's not too late, the world has been mining Africa for centuries!
  • @User-059-42
    Africans need education,education, education.
  • The Ethiopian Birr has been devalued by 37% (direct reduction in purchasing power of ordinary Ethiopians). This is in exchange for USD 20B (in loans, to pay off loans!!!!!!) Further entrapping the Ethiopian Nation. This is reported like it is something to be celebrated!?
  • World Bank going to fleece most African Nations again... the ones with infrastructure al beit just a FEW will continue to prosper... South Africa will continue to be in post apartheid... scars from colonial rule has deep rooted malignant causes few nations can disembowel 😅
  • Very disingenuous discourse involving global financial experts and savvy finance journalists but done without adequate political honesty and grasp of Africa’s economic plight and the decades old background story
  • @Moabi4
    Botswana should be cutting and polishing majority of diamonds it produces instead of shipping them rough to other countries. That alone would employ 100 000s of people. That is a lot of income for a population of 2.7 million people. 80% of all mined diamonds are used in industry tools so Botswana should tell foreign industrial companies to set up factories in Botswana.
  • Nonsense. How can people who doesn't know themselves or think for themselves ever develop? These people have so much love and respect for Caucasians that they don't even value themselves. The moment Africans begins to respect themselves and start building industries, that's when I will respect them.