AfDB to Lead Funding for DRC Mini-Grids Project
The African Development Bank will lead efforts to raise $145 million for the Moyi Power Metro-Grids project, bringing solar-powered electricity to over one million people in the DRC.
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The African Development Bank will lead efforts to raise $145 million for the Moyi Power Metro-Grids project, bringing solar-powered electricity to over one million people in the DRC.
Speaking to Energy Capital & Power, the SA-DRC Chamber of Commerce highlighted emerging opportunities for South African investors in the DRC’s mining industry.
During a South Sudan Country Spotlight at this year’s Critical Minerals Africa 2024 summit, Nilepet highlighted the country’s mining prospects and recent developments in the industry.
Scheduled for completion by late-2026, the solar park will supply clean electricity to over a million people, while reducing CO2 emissions by 300,000 tons annually.
Ivanhoe Mines has adjusted the complex’s production guidance range to between 425,000 and 450,000 tons for 2024.
Angola and the Democratic Republic of Congo have signed collaborative agreements for the co-development of offshore Block 14, as well as enhanced business and investment cooperation.
The Democratic Republic of the Congo is the world’s second largest copper producer and top cobalt supplier.
Committed to leveraging undeveloped oil and gas to stimulate long-term economic growth, the DRC’s Ministry of Hydrocarbons is seeking investment in exploration and production.
Copper production from Ivanhoe Mines’ Kamoa-Kakula Copper Complex is expected to reach over 600,000 tons per year.
A high-level Ministerial Forum will unlock new pathways to increased mineral exports, local value addition and green mining activities at the upcoming Critical Minerals Africa Summit.