How Southern Africa could unlock funding for critical minerals investment
As the world transitions to cleaner energy, Southern Africa’s abundant critical mineral resources, which could be key ingredients for many low-carbon technologies, have come into sharper focus. According to the ‘Financing Southern Africa’s Clean Power and Critical Minerals’ report – released by the World Economic Forum (WEF) in collaboration with the Development Bank of Southern Africa (DBSA), with McKinsey & Company as knowledge partner, and under the WEF’s Securing Minerals for the Energy Transition (SMET) initiative – Southern Africa holds about 30% of the world’s critical-mineral reserves.
