ADDIS ABABA, Ethiopia, Mar 07 (IPS) – African nations ought to be a part of palms to profit from their very own assets and construct a formidable electrical automobile ecosystem that would assist fast-track realisation of SDGs.
Africa has each the chance and the crucial to harness its huge assets for sustainable growth.
With the help from the United Nations Financial Fee for Africa (ECA) and different African establishments, the area can leverage electrical autos (EVs) to fast-track the achievement of the Sustainable Improvement Objectives (SDGs) and pre-empt the danger of one more useful resource curse.
In December 2024, ECA organised a capacity-building workshop on the event of regional worth chains for electrical mobility in DRC, Morocco, and Zambia, and a high-level coverage dialogue on the event of automotive regional worth chains and e-mobility in Lusaka, Zambia. The occasions attracted members from the three nations and others within the area.
A key final result of the workshop was a name to expedite the signing of a Memorandum of Understanding (MoU) by the three nations in 2025, and the inclusion of Morocco within the Zambia-DRC Particular Financial Zone–a major step towards strengthening Africa’s e-mobility worth chains.
Such collaboration would allow Zambia and DRC to construct refining capability and diversify past exporting uncooked mineral, creating larger added worth, elevated tax revenues, and talent transfers.
In the meantime, Morocco, aiming to provide as much as 100,000 electrical autos in 2025 and set up battery factories, would acquire dependable entry to strategic minerals and place Africa as a serious EV producer able to serve even the European market.
Different African nations, together with Benin, Egypt, Kenya, Nigeria, Rwanda and South Africa, have the ambition to scale up their capability in battery manufacturing and manufacturing of electrical buses, vehicles, motorbikes and tricycles to handle native demand for reasonably priced and greener transport.
With practically 30 per cent of the world’s reserves of minerals important to the worldwide vitality transition comparable to cobalt, lithium, and nickel—Africa is uniquely positioned to learn from the quickly rising international demand for EVs and different low-carbon applied sciences. In the case of cobalt, Africa produces over 50 per cent of worldwide reserves and about 70 per cent of portions traded.
Nevertheless, regardless of over 20 African nations holding key items of the e-mobility puzzle, no nation can thrive in isolation. Infrastructure gaps —notably in electrical energy era, storage, and charging networks —stay a problem.
Nonetheless, African customers are already embracing smaller EVs that provide quicker returns on funding and versatile charging. This lays down a powerful basis for broader EV adoption.
By strategic collaboration, African nations can navigate international competitors, stabilize markets, forestall useful resource exploitation and instability, and make sure the continent reaps the complete advantages of its pure wealth.
A robust and coordinated African entrance on EVs would:
- Cut back publicity to international value volatility
- Drive financial diversification and job creation
- Allow productive migration
- Help cleaner, safer, and extra reasonably priced mobility; and
- Catalyse and speed up progress in electrical energy entry and infrastructure growth
All this aligns with quite a few SDGs —particularly 3, 4, 7, 8, 9, 10, 11, 12, 13, and 15 — and not directly helps foster peace and safety, in addition to growth throughout the continent.
Regardless of their various growth levels and paces, African nations ought to work collectively to succeed in their full potential, or threat being on the mercy of exterior pressures and more and more aggressive international competitors.
With out unity, Africa’s huge mineral wealth might turn out to be a supply of political instability moderately than financial progress.
This transition is just not reserved for just a few, “fortunate” nations. ECA, in partnership with the African Union Fee (AUC), the African Improvement Financial institution (AfDB), and Afreximbank, stands able to do the next:
- Help nationwide and regional coordination by enhancing negotiation capability
- Assist develop norms and requirements
- Facilitate skill-building and innovation; and
- Create fairer entry to finance
The time for motion is now. African nations should show unwavering dedication and political will by coordinating insurance policies, facilitating commerce, enhancing negotiation capability, establishing sturdy norms, fostering abilities and innovation, and creating equitable entry to finance.
These are important steps wanted to show this ambition into actuality.
Adam Elhiraika is the Director for North Africa on the UN Financial Fee for Africa (ECA).
Supply: Africa Renewal, United Nations
IPS UN Bureau
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