Zambia and the Democratic Republic of Congo (DRC) have signed cooperating agreements to start manufacturing electric car batteries. The agreement includes the clean energy sector and will explore minerals rich in both countries which are key raw materials in the manufacturing of electric car batteries.
Speaking after the signing ceremony, President Hakainde Hichilema said the signing of cooperation agreements between Zambia and the DRC to start manufacturing electric car batteries is key milestone towards poverty alleviation in Zambia and DRC.
Mr. John Mulongoti, Permanent Secretary-Investments and Industrialisation, MCTI, in his opening remarks shared Zambia’s resolve to create a competitive Electric Vehicle Battery value chain leveraging on the presence of the critical minerals, tailored towards sustainable development and inclusive growth.
Zambia says it will seek Western lenders for its plans to partner with the Democratic Republic of Congo (DRC) to jointly start producing electric vehicles batteries and cement a firm position in the global supply chain.
Mr Mulenga and Mr Kahongya in Zambia and DRC joint communique resolved that the two countries agreed to set up DRC-Zambia Battery Council to oversee the implementation of the cooperating agreement for the electric car battery value chain for the benefit of the two countries.
He reaffirmed the government of Zambia’s commitment to the implementation of the Initiative noting that more local value addition, more citizens participating in economic activities related to the BEV value chain and increased diversification of the economy will, lead to socio-economic transformation.
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