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African experts study the impact of the Covid-19 pandemic on the extractive sector in Africa

It was through the virtual workshop organized by the African Natural Resources Center (ANRC) and the African Legal Support Fund (ALSF), both institutions belong to the African Development Bank (ADB), in collaboration with the Nordic African Institute.

At sunset this Friday, December 18, considerable experts from the African continent have met by telematic means to debate the future of African mining in the post-COVID era. At this meeting, according to the official website of the Malabo executive, those gathered have also analyzed the impact of the pandemic on the extractive sector, specifically, minerals, oil and gas, and they all agreed that “the mineral sector in Africa it should already be taken advantage of given the various opportunities presented by the global transition towards green energy ”.

Since currently the global transition underway moves towards green energy and has significant potential for the extractive sector of the black continent.

Participants have agreed that this is an opportunity that lies in the growing global demand for lithium, which is used in batteries for electric vehicles, smartphones and off-grid energy storage.

Likewise, the meeting agreed that the leaders of the African continent should intensify now and include battery production as a development priority throughout the continent.

They have also reviewed the issue concerning Africa Mining Vision (AMV), a policy framework created by the African Union in 2009 to ensure that the black continent uses its mineral resources strategically for sustainable development.

The aforementioned virtual workshop has been organized by the African Center for Natural Resources (ANRC) and the African Legal Support Fund (ALSF), both institutions belong to the African Development Bank (ADB), in collaboration with the Nordic African Institute.

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