Africa is taking big steps by entering the global green technology manufacturing market to stop being just a supplier of raw materials, as reported by the world economic forum. Africa stands ready to have an industrial revolution driven by the large deposits of minerals and faster population growth.
African countries with significant mineral deposits like copper, lithium, and cobalt aim to get more profit from selling essential battery and renewable energy materials to world markets. The country of Morocco leads globally by drawing US$6.4 billion in investments from GOTION High-Tech to establish their battery gigafactory that creates 25,000 jobs while kickstarting future industry growth.
The potential is substantial. The lithium-ion battery supply chain analysts expect will grow at a rate of 30% per year until 2030 when it reaches $400 billion. Achieving battery plant potential needs funding to develop electricity networks and processing facilities. A project like Grand Inga Hydropower Dam in the Democratic Republic of Congo can build an energy network that may create 40GW of electricity for strong industrial progress.
