Maurice Makamba
A two-day summit is expected in Zanzibar from April 24 and 25, 2024, where local, regional and global actors in key battery minerals will advance the global green economy, address climate change, and allow select companies to meet the rapidly growing demand for key energy sources.
The Ist East African Battery Mineral Summit is organized by the East African Community (EAC), the East African Battery Initiative and the government of Tanzania in partnership with InvestBank Corp.which describes itself as global investment bank.
A statement released by organizers on Wednesday noted that the summit will occur when the world grapples with the extreme effects of climate change, leading companies, investors, government agencies, and NGOs are focused on decarbonization, sustainability, and creating significant impact.
“The worldwide battery electrification mega-trend has significantly increased the demand for key battery minerals,” organizers said, referring to recent studies indicating that the Democratic Republic of the Congo, Tanzania, Burundi, and Zambia alone account for a significant percentage of the total global deposits of key battery minerals, including cobalt – 60 per cent, nickel – 40 per cent, lithium – 35 per cent, and graphite – 45 per cent.
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