dc.description | New York, 22 September 2023 (ECA) - Africa must fully exploit its abundant critical mineral resources to accelerate sustainable industrialization and clean energy transition, the Economic Commission for Africa (ECA) Acting Executive Secretary, Antonio Pedro, has urged leaders at a business summit on the sidelines of the United National General Assembly in New York.
Speaking at a panel discussion on “Extractives, Batteries, Electric Cars: Powering Tomorrow, Today” hosted by the Global Africa Business Initiative (GABI) Mr. Pedro noted that Africa should benefit from its critical mineral resources through fair value creation to ensure that “our resources are used to promote resource driven industrialization to create jobs and enable countries to go up the value chain.”
GABI’s Unstoppable Africa is an African private sector-led platform that aims to galvanize leaders across key sectors to invest in Africa - bridging the gap between global investors and Africa's vibrant, emerging sectors. The two-day event is co-convened by the United Nations Deputy Secretary General, Amina J. Mohamed, and the Chairperson of the African Union, Moussa Faki Mahamat on the sidelines of the United Nations General Assembly in New York. The event brings together Heads of State, Ministers, investors, and UN leaders, joined by music, sports, and film stars for an exclusive two-day forum on Africa’s future.
The session, organized to elevate Africa’s prominence in the global economy and position the continent as the premier destination for business, trade, and investment, explored Africa's pivotal role in the burgeoning landscape of electric cars and sustainable energy and discussed the continent's capability for innovation and leadership in these sectors. Despite Africa being endowed with an array of minerals from copper, magnesium, nickel, and cobalt, the continent has been unable to transition energy. | en |