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Cop 27: DRC for the materialization of the electric battery manufacturing project

Kinshasa, November 14th, 2022 (CPA).- The financial partners present at Cop27 in CHARM EL CHEIKH, in Egypt, were called on the weekend to mobilize for the materialization of the installation project of the battery manufacturing plant electricity in DRC, CPA learned on Monday from the Minister of Industry.

« DRC has started the initiative to set up electric battery manufacturing plants with Zambia », declared the Minister of Industry Julien Paluku Kahongya before adding that « the United Nations Economic Commission for Africa has finished the selection of the firm that will have to carry out the first pre-feasibility studies for setting up this plant”. He noted that “by 2030, 2040 and 2050, there will be a strong demand for electric vehicles. The problem is to see how we should capture this march and at the same time fight against climate change. So, DRC has an answer through its forests, its strategic minerals”.

He made this mobilization during his participation in the work of the round table on the development of electric battery minerals at COP-27 in Sharm-El Sheik, Egypt.

The Congolese Minister of Industry, on this occasion, asked African countries to join the African Center for Mining Development (CADM) and to allocate budgets for the promotion of the industrial sector.

Afrexim bank, BADEA and AFC are African institutions that have agreed to finance the implementation of this project. They also reiterated their commitment to materialize this great pan-African project.

Also taking part in this round table, the Acting Executive Secretary of the United Nations Economic Commission for Africa-ECA, Antonio Pedro insisted on the development of regional value chains. ACP/

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