Conseil Economique Global (CEG)

“This is a countercyclical expansion aligned with our disciplined capital allocation framework, increasing our exposure to a high-growth, attractive market at the right point in the cycle.” -- Rio Tinto CEO Jakob Stasholm https://lnkd.in/ddt5-HvX #lithium

“We are excited about the role Kodal Minerals will play in the global #EV revolution, providing feedstock to Hainan’s lithium hydroxide plant in China, which, in turn, is supplying Asian markets including Japanese and Korean car battery makers.” -- Kodal Minerals plc CEO Bernard Aylward https://lnkd.in/dmPeXsht

As Sahel countries are shunning the West, Russia sees an opportunity to fill in the void. The Alliance of Sahel States (G5 Sahel) comprises of Burkina Faso, Chad, Mali, Mauritania, and Niger. https://lnkd.in/dfTTaFjr

Faced with ‘insurmountable challenges’, Sumitomo Corporation plans to sell its stakes in the nickel-cobalt mining operations in Ambatovy, Madagascar. The Ambatovy operations are split into extraction by #AmbatovyMinerals and refining by #DynatecMadagascar. Sumitomo is the controlling shareholder in these companies with 54.2% share, with the remaining stake held by Korea Mine Rehabilitation and Mineral Resources (#KOMIR). https://lnkd.in/dKAw74Bw #Ambatovy #Nickel

The partnership projects cover a multitude of sectors from high-speed rail, renewable energy, smart cities and even defense. Other key issues important to the two parties were also on the agenda such as immigration and the reinforcement of the role of Morocco as a bridge between Europe to Africa. https://lnkd.in/d4yujPTM

For 2024, the top 10 fastest growing economies in SSA are forecasted to be: (1) Niger 9.9%, (2) Rwanda 7.0%, (3) Benin 6.5%, (4) Cote d’Ivoire 6.5%, (5) Ethiopia 6.1%, (6) Mauritius 6.1%, (7) Senegal 6.0%, (8) Uganda 5.9%, (9) Equatorial Guinea 5.8%, and (10) The Gambia 5.8%. With Ethiopia in the Top 10, other large economies in SSA such as Kenya, Nigeria, and South Africa will register growth rates of 5.0%, 2.9%, and 1.1% growth respectively. Despite a relatively lacklustre performance compared to pre-pandemic years, SSA is still home to nine of the world's twenty fastest-growing economies. https://lnkd.in/dXCQgGhp #AfricaGrowth #IMFWB2024

Key Takeaways from 16th BRICS Summit 2024 #BRICS2024

The Africa Green Fund (AGF) is intended to finance projects in the fields of Renewable Energy, Green Mobility, Sustainable Mining and other projects with a sustainability component. In addition to project implementation, the Fund will only consider supporting upstream and downstream activities. https://lnkd.in/dUj2u48M #SDG #Chinafrica #AGF

The current BRICS+ economies now add up to 37.4% of the global #GDP compared to 29.3% for G7. In addition, the #BRICS countries are experiencing a robust growth compared to the anemic growth in #G7 countries. Moreover, dozens of countries have expressed interest to join BRICS, thus further increasing its economic weight. https://lnkd.in/dGUVPCuN

By some estimates, as high as 85% of 32 million population in Madagascar — mostly in rural areas — is yet to be connected to the electricity grid. Rated at 120 MW with a projected annual generation of 750 GWh, the Volobe #HPP will provide power to 2 million people whilst avoiding the emission of 15 #tCO2. https://lnkd.in/dkr7zb39