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- Tanzania’s race to ink multimillion dollar mining deals
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The mining industry in Tanzania holds a unique position as one of the most financially rewarding sectors, consistently generating foreign currency. Beyond its economic significance, this sector also wields considerable political influence within the nation. Therefore, a recent multi-million-dollar agreement forged with Australia and the US for the extraction and processing of critical minerals positions Tanzania advantageously as it prepares to participate in the forthcoming Critical Minerals Summit 2023.…
- Lithium battery industry to grow over 30 percent annually from 2022 to 2030
- Market value for lithium batteries to exceed US$400 billion by 2030
- DRC, Zambia and Tanzania looking to refine cobalt, manufacture lithium batteries
The sale of Electric Vehicles (EVs) is booming in the transport industry of the developed world, and now Africa wants in.
Rather than continue to supply raw materials for the making of the electric vehicle, countries like DRC, Zambia, and Tanzania, want to refine the ores and even manufacture the final product, lithium batteries.
Their ambitions are well placed because the lithium battery industry is booming and will only keep growing. A 2022 analysis by the McKinsey Battery Insights team projected that the entire lithium-ion battery chain, from mining through recycling, could grow by over 30 percent annually by 2030 when it would reach a value of more than US$400 billion.
“Batteries for mobility applications, …
- Australian firm Magnis wins deal to supply Tesla’s graphite
- Magnis subsidiary to mine under Special Economic Zone license
- Tesla to import in excess of 17000 tonnes of graphite annually
Tesla, the American multinational automotive company and the World’s leader in electric vehicles, is expected to benefit from Tanzania’s graphite through a supplier that has been given mining rights to export 17,500 tonnes of graphite annually as of 2025.
Despite the ‘lack of official communication from Tesla’ local media reports that a third party, Magnis Energy Technologies Ltd, has in fact entered into a ” …fixed pricing Binding Offtake Agreement with Tesla, Inc. for the supply of Anode Active Material (AAM) that will commence in February 2025.”
Confirming the pact was Magnis Chairman, Frank Poullas, who expressed his company’s excitement over the Tesla deal.
“We are really excited to bring our high-performing AAM to a market that requires no chemical or …
Elon Musk applied for licensing to provide Tanzania with satellite Internet services; that was last year. This year, the Tanzania Communication Regulatory Authority (TCRA), has said, Musk’s Starlink, the company that provides the satellite internet services, needs only to complete the required procedure to set up shop in the country.
This response by Tanzania to Elon Musk’s application has stirred up controversy on Twitter with executives from both sides raising allegations and counter-allegations.
On Elon Musk’s side, you have allegations of foul play by existing telecom giants in Tanzania lobbying to keep his Starlink from entering the market.
On Tanzania’s side, you have authorities playing it safe with a clean-cut statement saying Elon Musk’s Starlink needs only to comply with the country’s regulation requirements, otherwise, Starlink is more than welcome to enter the market.
If the Twitter exchange is …
- Shares of Tesla the pioneer of electric vehicles fell spectacularly in 2022. This trend was the same for auto shares which list substantial amounts of value during the year.
- Tesla despite its anemic showing in terms of share price performance managed to deliver a record number of EVs.
- The EV company increased production of its products by as much as 40%.
- This impressive development by Tesla failed to excite the market which hammered the share price resulting in the EV company shedding 64% of its value in 2022.
- Notwithstanding the skepticism from the market Tesla has been making positive strides with its Gigafactory initiatives.
- Africa has been the focus of the Gigafactory initiatives by Tesla. A Gigafactory is a massive manufacturing facility that aims to speed up and scale up the manufacture of electric vehicles.
- The Gigafactory concept will contribute substantially to the economic wellbeing of African countries where Tesla
- Elon Musk, Tesla, and SpaceX command a cult following from legions of fans worldwide.
- Musk’s fortune tumbled by a staggering 60% in 2022 according to reports by Forbes and Guinness.
- Forbes magazine broke the news that Musk, the Tesla boss was no long the wealthiest person on the planet. He lost this position to Bernard Arnault of LVHM.
The billionaire’s interest in electric car maker lost more than half of its value in 2022 as shares in Tesla lost over 60% according to a report by Forbes which was quickly adopted by Guinness. Amazingly, despite the substantial loss of value of Musk’s Tesla shares he is still the second wealthiest person on the planet.
This is likely attributable to the high valuation that the market still attaches to the electric car manufacturer’s shares. Shares of the EV company began to tumble when investor’s lost confidence in the billionaire’s ability to …
- Elon Musk Starlink satellite internet in Tanzania expected as early as first quarter of 2023
- Tesla to access nickel and cobalt from Tanzania’s Kabanga mines by 2025
- Tanzania, Kabanga form Tembo Nickel Corporation at 16% and 84% shares respectively
Elon Musk in Tanzania: Did you know, there are over 3250 satellites hovering in the Lower Earth Orbit over you? The number is not shocking, what is impressive is the entire satellite constellation is owned by a single company, Elon Musk’s Starlink.
In his ambitious effort to offer faster internet coverage globally, the world’s richest man actually plans to have as many as 42,000 satellites in the Lower Earth Orbit (LEO).
As we enter the New Year 2023, Tanzania is set to become the fourth African country to allow internet service provision from Starlink’s LEO satellites.
Even though Tanzania has already laid down some 7,910Km of fibre optic cable that …
- Elon Musk is ready to sell his Tesla shares if WFP will describe how it will spend it and display accounting reports
- Nearly 42 million people are face starvation due to various factors including climate change
- 2 per cent of Elon Musk’s wealth could help the 42 million people facing hunger
would have thought that one man can solve a portion of global hunger?
The old saying, ‘numbers don’t lie’ has somehow shocked the world, as the director of the United Nation’s World Food Programme, David Beasley, recently challenged the world’s wealthiest individuals to ‘’step up now, on a one-time basis’’ and address global hunger.
“US$6 billion could help 42 million people that are going to die if we don’t reach them. It’s not complicated,” he added, as cited by CNN.
It seemed to be a normal statement, by when one of the most influential like Elon Musk, took …
Africa is one of the sunniest continents in the world, 85 percent of African land receives more than 2,000 kilowatt-hours of solar energy per square meter per year. Almost 70% of the population of African countries is located in the Sahara and the surrounding areas do not have access to the grid.
With the need to hook up to the grid, a new partnership is moving towards achieving more solar power for the industry. Kenyan industries are set to benefit by saving a minimum of 30% on their current cost grid consumption following a partnership between Distributed Power Africa (DPA) and Canadian Solar company. Currently, Kenyan companies lose nearly 10% of their production because of power outages and fluctuations.
The deal is expected to help DPA provide top tier PV panels from the company that is estimated to be over 60,000 KuMax and HiKu which would quite easily construct 50 …
Tesla Powerwall, the battery system produced by the American automotive and energy company Tesla has made significant in roads in Africa.
This follows the successful completion of a 12-month trial integrating of the Tesla Powerwall with one of Africa’s largest telecommunication provider, Econet. This will see Econet’s telecommunication towers to provide backup power 260 Econet sites across Africa.
In addition Distributed Power Africa [DPA], a subsidiary of Econet Global, will be installing Tesla Powerwalls to power Econet Wireless’ local operations for their telecommunications towers; commencing one of Africa’s largest deployments of AC coupled Lithium-ion batteries in the telecoms sector.
“We were impressed with the performance of Tesla Powerwall during the trial stage. It addresses the power back up requirements, offers 100% depth of discharge and has a wide temperature operating range. It also offers real time monitoring and will help mitigate against current battery theft issues being experience with lead …