Running discussion on SP, page-56346

Talk about right time, right place for AVZ !!!

IMO, we will see the rise of the DRC to become an absolute powerhouse supporting and taking a critical role in the EV industry, and they don't have to do it alone, just look who is attended the business forum this month.

This is all in collaboration with the United Nations including substantial support from the US and several EU Governments.

AVZ Minerals is right in the heart of all this, you could not ask for a better culmination of events to support the rise of Manono !!!




Sama Lukonde and Antonio Pedro confirm the country's strategic position in the production of electric batteries

The Congolese Prime Minister, Jean-Michel Sama Lukonde, received, on Wednesday November 10, 2021, at the Prime Minister's office, the Deputy Executive Secretary of the United Nations Economic Commission for Africa, Antonio M.A. Pedro.

The latter was brought to the Head of Government by the Minister of Industry, Julien Paluku Kahongya.

Their discussions revolved around the organization, from November 24 to 25, 2021, by the Ministry of Industry, of a Business Forum dedicated to the development of a value chain and a dynamic market for batteries, vehicles electricity and renewable energies in Africa.

According to the Deputy Executive Secretary of the United Nations Economic Commission for Africa (ECA), the DRC has all the assets necessary to position itself as a pioneer country in the production of electric batteries on the African continent.

"It was an opportunity to brief His Excellency the Prime Minister on the preparation of a forum which will be a very big event for the Democratic Republic of Congo and for Africa.

Today we shared the very important indicators that confirm the position of the DRC as a forerunner in the production of electric batteries.

According to the figures we already have, which will be shared with the Government when the Bloomberg report is presented, the DRC can produce batteries three times cheaper than the United States and China and two times cheaper than Poland.

So that means that the DRC is strategically well positioned for the energy transition which concerns everyone, ”said Mr. Antonio Pedro.

To achieve this ambition, the Government of the Democratic Republic of Congo will have to make additional efforts, particularly with regard to the business climate, noted the Deputy Executive Secretary of ECA.

"We also talked about the efforts that the Government will have to continue to make to improve the investment climate in the country so that these opportunities that we are about to discuss can become a reality.

There is a whole structure to support this initial effort that we had with the Government for the organization of the Forum.

Implementation is more important than organizing the Forum.

The Forum will confirm the position of the DRC, but after that, it will be the implementation, Antonio Pedro also thanks Prime Minister Sama Lukonde for the assurance given on the involvement of the whole Government in this process transformation.

It should be noted that the Forum planned from November 24 to 25, 2021 is centered on the theme: "Developing a regional value chain around the electric battery industry, the electric vehicle market and clean energy".

It is organized in collaboration with the United Nations Economic Commission for Africa and will have the participation of different actors, with the aim of stimulating the development of a value chain and a dynamic market for batteries, electric vehicles. and renewable energies in Africa.

According to the Deputy Executive Secretary of the United Nations Economic Commission for Africa, this forum is of great importance, because it also allows the implementation of the Continental Free Trade Area (ZLECAF) because it '' through the production of electric batteries in Africa and in the DRC in particular, trade will be able to intensify on the continent.