Zambia has advanced its manufacturing sector with potential to produce car batteries. For this reason, the southern Africa country has sought for a partnership with its neighbour DRC to boost their mining and manufacturing sectors to be able to take advantage of the global demand for cobalt and lithium-ion batteries.
The Cooperation Agreement is expected to provide a framework for bilateral cooperation on the initiative to develop the battery value chain as well as strengthen collaboration between Zambia and DRC. Once actualised, the combined strategy will create jobs for Congolese and Zambians and boost economies of the two countries.
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.
DRC Minister of Industry Julien Paluku Kahongya, Minister of Mines Antoinette N'Samba Kalambayi, and Deputy Minister of Finance O’neige Mimpa signed the cooperation agreement of their country.
The two governments recently signed a memorandum of understanding; “Zambia–DRC Battery Council” which they hope will make them massive producers and refiners ofcobalt for electric vehicle batteries.
The U.S. government will work with the DRC and Zambia to ensure the private sector has a level playing field to participate in these projects. The Memorandum of Understanding is available here. For further media information, please contact [email protected].
Through this MOU, the United States will support the commitment between the Democratic Republic of Congo (DRC) and Zambia to develop jointly a supply chain for electric vehicle batteries.
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