AfricaEconomy

Libya resumes oil production

Libya has officially resumed oil production, marking a pivotal moment for a nation heavily reliant on its petroleum resources. Following years of political turmoil and conflict, the resumption signals not only a potential economic recovery but also a step towards stabilizing a fragmented political landscape. Oil is the backbone of Libya’s economy, accounting for nearly 90% of government…
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AfricaEconomy

Top African lithium producer, Zimbabwe plans incentives to encourage mineral processing

Zimbabwe, recognized as one of Africa’s leading lithium producers, is taking significant steps to boost its mineral processing capabilities. The government aims to introduce incentives that encourage local processing of lithium, which is essential for electric vehicle batteries and various technological applications. The push for mineral processing is part of Zimbabwe’s broader strategy…
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AfricaEconomy

China scrambles for Zimbabwe’s lithium

China is actively pursuing Zimbabwe’s lithium resources, recognizing the strategic importance of this mineral in the global transition to clean energy. As demand for lithium skyrockets due to its critical role in battery production for electric vehicles and renewable energy storage, Zimbabwe’s rich lithium reserves have become increasingly attractive. Key Factors Behind…
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