German applied sciences and funding have been instrumental in advancing the vital 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 position 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 utility.
Amid rising curiosity by German entities in investing in Africa’s vital mineral worth chain, the Southern African-German Chamber of Commerce and Business (AHK Southern Africa) has as soon as once more partnered with Vital Mineral Africa (CMA) Summit – going down November 6-7 in Cape City.
The Vital Minerals Africa 2024 summit on November 6-7 serves to place Africa as the first funding vacation spot for vital minerals. The occasion is held alongside the African Vitality Week: Put money into African Vitality 2024 convention (http://apo-opa.co/3VMQTpp) on November 4 – 8, providing delegates entry to the total scope of vitality, mining and finance leaders in Cape City. Sponsors, exhibitors and delegates can study 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 vital minerals trade, the chamber helps companies investing in initiatives throughout the worth chain, together with related industries comparable to vitality, logistics and infrastructure improvement.
German corporations have been steadily rising their investments in southern Africa, given the area’s wealthy mineral reserves and rising world demand for clear vitality applied sciences. In February 2024, German automaker BMW launched a pilot program for its hydrogen gas cell electrical autos in South Africa in collaboration with mining agency Anglo American and world vitality 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 trade in Johannesburg. The workshop targeted on greatest practices to boost 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 vital 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 relating to industrial merchandise and engineering options for mining functions throughout Southern Africa. These embody supporting purchasers comparable to mining and exploration agency Concord Gold, Anglo American, Sasol and multinational metal producer ArcelorMittal.
These initiatives characterize simply a number of 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 classes and venture showcases, highlighting investments prospects for German funders inside Africa’s burgeoning vital mineral sector.
“Germany is fostering sustainable improvement and fast-tracking the worldwide vitality transition by advancing southern Africa’s vital mineral panorama. As Africa’s marketplace for vitality transition metals expands, profitable alternatives for German corporations proceed to extend,” said Rachelle Kasongo, Mission Director at CMA-organizer Vitality Capital&Energy.
Distributed by APO Group on behalf of Vitality Capital&Energy.
