Browsing: President Cyril Ramaphosa’s investment drive

• Presidents Cyril Ramaphosa and Felix Tshisekedi agree on exploring electric batteries deal during a bilateral business forum in Kinshasa.
• Another agreement will see the revival of the 11GW Inga 3 hydropower project on the Congo River.
• President Ramaphosa terms DRC as the “beating heart” of Africa in a meeting with Tshisekedi and hundreds of industrialists.

President Cyril Ramaphosa has won big in his talks with his Democratic Republic of the Congo (DRC) counterpart where a deal on the manufacture electric batteries will be explored.

Presidents Felix Tshisekedi and Ramaphosa undertook to ensure the implementation of various agreements concluded during the 12th session of the Joint Grand Committee.

DRC’s lithium vital in electric batteries

In light of the DRC’s abundant lithium mineral reserves, the production of electric batteries is an excellent area of cooperation between South Africa and the DRC.

Lithium helps make lithium-ion batteries, which are key cog of the …

This decision comes at a time when South Africa is still struggling with catastrophic power outages and is also attempting to transition away from its reliance on fossil fuels. Causing businesses to steer clear of relying on Eskom, the struggling state-owned utility of the country, for their electricity needs.

Eskom blackouts can last up to six hours, which causes production delays and damages sales.

Eskom, the troubled power corporation responsible for providing most of South Africa’s electricity, has had a challenging time keeping the lights on for many years and has been forced to apply load-shedding to prevent the grid from collapsing.…