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Zambia’s Commerce, Trade and Industry minister, Chipoka Mulenga, says it is critical to unlock Africa’s vast potential by ensuring that minerals are value added.
Mulenga said this at the on-going Intra-African Trade Fair (IATF2023) side event themed “Africa’s Game Changer-Mineral Transformation and Development of Mineral Value Chain” in Cairo Egypt.
This, he said, demanded African countries to employ strategic thinking towards issues of mineral value chain.
Mulenga firmly believed that treating commodities as more than exports required unlocking Africa’s vast potential by adding value to unprocessed minerals.
Notably, the energy sector, especially in battery production for climate change combat, presented a US$7 billion market opportunity, projected to soar to US$4-6 trillion by 2050.
Mulenga cited the Democratic Republic of Congo (DRC) as an example, showcasing a cooperative approach in executing agreements and seeking support for value addition.
He reiterated the need to invest in Africa.
“It’s not a plea for aid but for economically viable and environmentally conscious partnerships. Let’s unlock Africa’s transformative potential together,” he said.
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