Ms. Marit Kitaw, PhD is the Interim Director of the African Minerals Development Center (AMDC), a Specialized Agency of the African Union, and a panafrican Center dedicated to harnessing Africa’s mineral resources for sustainable development and structural transformation in Africa, through implementing the Africa Mining Vision (AMV). She was previously an Economist at UNECA where she became a strong advocate of developmental and sustainable mining. Marit was also Chief Technical Advisor on Extractives Industries for Sustainable Development at UNDP Mozambique where she actively supported the elaboration of an AMV aligned minerals policy and strategy, the formulation of a local content policy and contributed to the environmental governance of the extractives sector. As a founding member of the AMDC when it was a project housed under UNECA, she actively contributed to the development of major implementing tools and became a strong advocate of minerals for sustainable development, through linking the mining sector to other sectors of the economy, through value addition, local content, and sustainable mining, among others. Dr. Marit previously worked in COMESA, at the African Development Bank, and at the Institute of World Affairs in Washington, DC. Dr. Marit Kitaw received her Ph.D in Economics from the University of Nice/ Sophia-Antipolis in France, and an MBA in Leadership and Sustainabillity from the University of Cumbria, UK. She hails from Ethiopia and is fluent in English, French, Amharic and conversant in Portuguese.
Africa’s significant green minerals including lithium, cobalt, nickel, manganese and Rare Earth Elements are part of the core enablers of the transport revolution towards low-carbon economic development. The growing demand for electric vehicles and battery storage facilities is driving the demand for these minerals, especially Lithium and Cobalt. This has pushed their processed product prices to astronomical levels and could be a game changer in the economic development of countries endowed with deposits of these minerals. For example, lithium carbonate prices have increased over 10x since 2021. Also, the demand for battery and technology minerals is estimated to increase 500% by 2050 to meet the growing demand for clean energy technologies.
For Africa to seize opportunities in the battery and EV sector, this will require funding both in the backward (exploration, mining, services) and forward (e.g., battery and EV manufacturing) linkages development. And this is far beyond what public resources could provide. Private sector, particularly African private sector, investments will be essential for the continent to climb up the ladder in these important value chains.
This side event seeks to identify and analyse the key success factors that will enable Africa strategise to attract investment into the BEV sector towards optimising benefits from the value chain.
Tuesday 07 February 14:00 - 16:00 Level 1 Stage
- The role of critical minerals in clean energy transitions
- Promoting responsible exploration and production of critical minerals
- What are some of the key policy considerations to for ensuring successful mineral value addition within Africa
Wednesday 08 February 12:15 - 12:40 Roof Terrace