Browsing: Investment opportunities in DRC

US firm, Kenyan investor Partner to Build world's largest battery plant in DRC

The factory is being developed near the tycoon’s nickel mines and cobalt in the DRC. “This is intended to resolve supply chain concerns in global battery supplies.” The batteries additionally will be utilised to power electric automobiles, bicycles, as well as residential and commercial applications, “Mwale explained.

Between now and 2050, the electric battery business is expected to be worth $45 trillion.

According to OEC, an MIT data analysis organisation, in 2020, electric batteries worth US$67 billion were traded, making them the 38th most-traded item worldwide,…

The trade mission, which brings together Kenyan and DRC investors and entrepreneurs, will be held in four of DRC’s biggest cities that is, Kinshasa, Lubumbashi, Goma, and Mbuji Mayi.
SMEs will have an opportunity to explore opportunities in DRC through business forums and panel discussions moderated by experts in various fields, site visits to various businesses and locations of interest, networking sessions, and trade exhibitions that will allow businesses to showcase their products and services.
Speaking during the official opening ceremony, Bazaiba expressed delight in seeing two sovereign States from the East and Central Africa region championing the growth and integration of Africa through trade and investment.…