German applied sciences and funding have been instrumental in advancing the important minerals worth chain in Southern Africa. In January 2024, the German Ministry for Financial Cooperation and Growth initiated a name for proposals from South African inexperienced hydrogen venture builders to entry grants from its €270-million ($292 million) Energy-to-X Growth Fund (http://apo-opa.co/463CQiN). The funding will play an important function in serving to South Africa maximize the exploitation of its platinum group metals (PGMs) – which account for over 80% of the worldwide reserves – for inexperienced hydrogen software.
Amid rising curiosity by German entities in investing in Africa’s important mineral worth chain, the Southern African-German Chamber of Commerce and Trade (AHK Southern Africa) has as soon as once more partnered with Important Mineral Africa (CMA) Summit – happening November 6-7 in Cape City.
The Important Minerals Africa 2024 summit on November 6-7 serves to place Africa as the first funding vacation spot for important minerals. The occasion is held alongside the African Vitality Week: Spend money on African Vitality 2024 convention (http://apo-opa.co/3VMQTpp) on November 4 – 8, providing delegates entry to the total scope of power, mining and finance leaders in Cape City. Sponsors, exhibitors and delegates can be taught extra by contacting gross sales@energycapitalpower.com
A part of a world community of German Chambers of Commerce Overseas, AHK Southern Africa helps German-based corporations in establishing and increasing their enterprise relations throughout the southern African area. Within the important minerals business, the chamber helps companies investing in tasks throughout the worth chain, together with related industries comparable to power, logistics and infrastructure improvement.
German corporations have been regularly growing their investments in southern Africa, given the area’s wealthy mineral reserves and rising world demand for clear power applied sciences. In February 2024, German automaker BMW launched a pilot program for its hydrogen gasoline cell electrical autos in South Africa in collaboration with mining agency Anglo American and world power firm Sasol. Anglo American will provide PGMs for inexperienced hydrogen manufacturing whereas Sasol will set up inexperienced hydrogen electrolyzers. Sasol has partnered with BMW to develop EV charging infrastructure.
In the meantime, in July 2023, AHK Southern Africa and German improvement company Deutsche Gesellschaft für Internationale Zusammenarbeit hosted (http://apo-opa.co/3WpyGyQ) a delegation from the Democratic Republic of Congo (DRC)’s mining business in Johannesburg. The workshop targeted on greatest practices to reinforce cooperation on neighborhood improvement and enterprise alternatives between German companies and the DRC’s mining sector – which holds the world’s largest cobalt reserves and important copper, lithium, nickel and uncommon earth assets. In February 2023, German producer RÄDER VOGEL (http://apo-opa.co/4cCuoJZ) partnered with industrial distributor VGL Africa. VGL Africa turned the unique distribution companion for the corporate concerning industrial merchandise and engineering options for mining purposes throughout Southern Africa. These embody supporting shoppers comparable to mining and exploration agency Concord Gold, Anglo American, Sasol and multinational metal producer ArcelorMittal.
These tasks signify simply among the many investments by German corporations kicking off throughout the regional mineral worth chain. Throughout CMA 2024, AHK Southern Africa will take part in unique networking periods and venture showcases, highlighting investments prospects for German funders inside Africa’s burgeoning important mineral sector.
“Germany is fostering sustainable improvement and fast-tracking the worldwide power transition by advancing southern Africa’s important mineral panorama. As Africa’s marketplace for power transition metals expands, profitable alternatives for German corporations proceed to extend,” said Rachelle Kasongo, Venture Director at CMA-organizer Vitality Capital & Energy.
Distributed by APO Group on behalf of Vitality Capital & Energy.
