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Speaker 1: Your money show African Business Focus.

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Speaker 2: Professor Rutendo and Dingree, founding director A Tribe Africa Advisory

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Speaker 2: and author of Rumble in the Jungle Reloaded Rotender. How's

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Speaker 2: it going not to show?

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Speaker 1: They still all the lager in your voice? How are you? Yeah?

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Speaker 2: All right, all right, yeah, I know a lot going

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Speaker 2: on the DRC. Obviously we know them kind of for

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Speaker 2: their mining. Now they're finally looking at a sugar production project.

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Speaker 1: Definitely step in the right direction, Stephen DRC. As we

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Speaker 1: know historically it's invested significantly mining, but in trying to

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Speaker 1: diversify the economy, they are focusing on on on a

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Speaker 1: sugar manufacturing plant. So obviously they want to stop the

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Speaker 1: importation or reduce the importation of sugar. At the moment's

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Speaker 1: still they're important about one hundred and fifty million US

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Speaker 1: dollars worth of sugar every year. And they've got the well,

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Speaker 1: they've got the lend definitely, they've also got the potential

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Speaker 1: money to put into the infrastructure. So really obviously by

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Speaker 1: building this refinement the processing sugar, they also created an

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Speaker 1: agri value chain of jobs of infrastructure and then build

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Speaker 1: self capacity, which is a big thing. And we've seen Angola,

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Speaker 1: which relies heavily on oil now also diversifying and branching

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Speaker 1: into other areas incision technology. So definitely for diarra See

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Speaker 1: with all its other challenges, this would be a positive

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Speaker 1: thing because the sea geographica and is one of the

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Speaker 1: biggest countries on the continent. So definitely step in the

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Speaker 1: right direction. And the and the location is called Satania

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Speaker 1: and it's in the Katanga province. So we look forward

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Speaker 1: to seeing the development of this and often in three

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Speaker 1: years we'll go live and produce their first three kilograms.

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Speaker 1: It's been their target.

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Speaker 2: I mean, look, there is over supply of sugar at

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Speaker 2: the moment, but I mean the whole point here is

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Speaker 2: that you need a manufacturing economy. I mean, in some

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Speaker 2: ways we've had the same problem, but particularly for the

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Speaker 2: dl See, which relies so much on mining and it

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Speaker 2: often causes conflict.

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Speaker 1: It always CAUs well, I think a lot of things

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Speaker 1: caused conflict in the in the dir See. They've got

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Speaker 1: mining the diamonds, then big demand with regards to transition

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Speaker 1: metals and rare metals as well. Steven So and I

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Speaker 1: think the challenge is the sustainability of this project. Bearing

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Speaker 1: in mind the politics and the civil war that's happening around.

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Speaker 1: But you know, if our president shakedy with his leadership

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Speaker 1: and the private sector, they've got all the high components.

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Speaker 1: The weather is great for growing sugarcane as well as manufacturing.

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Speaker 1: They've got the capacity. Investors do flock into the r

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Speaker 1: C for one reason or the other. So at the

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Speaker 1: end of the day, they've got all the ingredients, Steven,

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Speaker 1: they just have to make it work. So it's a

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Speaker 1: bold step, but a very necessary one. Talking to industrialization,

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Speaker 1: which is a big thing that Africa means in terms

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Speaker 1: of taking it to the next level as an economy

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Speaker 1: and growing.

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Speaker 2: China is looking at cutting solar incentives for Africa and

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Speaker 2: Elon Musk has been negotiating a big Chinese solar equipment

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Speaker 2: deal for Tesla.

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Speaker 1: To put a figure to it, and inland masks because

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Speaker 1: they're never small. Stephen, it's two point nine billion US dollars.

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Speaker 1: And this just talks to pure geoeconomics. I've always said,

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Speaker 1: Stephen that I was actually quoting one of the key

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Speaker 1: government leaders who say that jee economics always trumps geopolitics,

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Speaker 1: and this is what is happening. Yeah, irrespective of the

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Speaker 1: dilemma between the US and China. Elomask is pluck a

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Speaker 1: deal to build a two point nine billion dollar investment

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Speaker 1: of solar energy. It's about one hundred gigauts of energy

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Speaker 1: that you are to build in Silicon City in the USA.

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Speaker 1: The raw materials he needs for this, Steven is going

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Speaker 1: to be obviously coming from China. Now, the downside from

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Speaker 1: Africa is there was a lot of text rebates and

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Speaker 1: exporting sentsives that were given to people exporting from China

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Speaker 1: two countries like Africa to incentivise them to offer. But

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Speaker 1: because they've just struck this deal. Soon after that, the

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Speaker 1: announcement was made by government that then they won't be

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Speaker 1: directly linked. But everybody suspect that's the case. But in

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Speaker 1: all those a number of those rebates and texts centers

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Speaker 1: are going to be taken away from a US perspective

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Speaker 1: in the step in the right direction. They need this

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Speaker 1: infrastructure for energy and to power the AIG and the

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Speaker 1: EVW world that's coming into play. China is going to

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Speaker 1: be definitely benefiting because obviously two point nine billion in

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Speaker 1: the economy from industrialization perspective is absolutely great. The downside

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Speaker 1: from Africa and it's a lesser not again, is that

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Speaker 1: because we're on the tail end, we are going to

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Speaker 1: miss out from this if we don't position ourselves correctly.

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Speaker 1: And what I mean by that, Steven, is that fifty

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Speaker 1: five percent of the transition metals row materials that China

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Speaker 1: needs actually come from Africa. So we need to push

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Speaker 1: ourselves up the value chair and say, hey on, guys,

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Speaker 1: how can we get more out of this deal. Let's

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Speaker 1: just get on the tailing. But ultimately, well, it's a

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Speaker 1: big deal for the US in China, and Africa is

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Speaker 1: going to be left in the lurch if they're not careful.

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Speaker 2: And then the World Bank, it's a big project for

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Speaker 2: Banina and Mauritania to protect their coastlines and then also

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Speaker 2: create jobs in the sea economy, the blue economy.

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Speaker 1: So we're under estimate. I think in Africa, we know

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Speaker 1: we usually are lend block focused in terms of infrastructure,

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Speaker 1: in terms of mining, in terms of agriculture, but the

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Speaker 1: blue economy plays a big part with regards to driving

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Speaker 1: the lens called African continent. The World Bank, steven Is

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Speaker 1: injected a two hundred and forty million US dollar investment

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Speaker 1: into Mauritania and Benin to support the blue economy and

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Speaker 1: the investment around that. It will also contributes to to

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Speaker 1: reduce flooding and also evolsion that was happening on the sides.

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Speaker 1: It's a compact or the investment is through the West

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Speaker 1: African Coastal Area's Blue economy and really it's also to

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Speaker 1: stimulate job They expect about thirty one job thirty one

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Speaker 1: thousand jobs by twenty thirty, but three thousand probably to

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Speaker 1: come up in the coming year. The success of this

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Speaker 1: is not just from an economic perspective in terms of

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Speaker 1: creating jobs, but also contributing to the biodiversity and just

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Speaker 1: make sure that the fauna and flora around the shows

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Speaker 1: of Berlina and Mauritania preserved. So ultimately a great opportunity

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Speaker 1: for investment in terms of taking both countries forward. The

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Speaker 1: challenge with with the loads that come from the world

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Speaker 1: basedly and we know that Africa is never really good

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Speaker 1: at balancing these off in terms of policies and sustainability

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Speaker 1: ever since. In Kenya, remember President Luto came into power

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Speaker 1: and the way these bad loans that inherited and we

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Speaker 1: saw what was happening with the young people with the

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Speaker 1: riots because people will being taxed now to pay for that,

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Speaker 1: et cetera, et cetera. So again it's a it's a

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Speaker 1: characteristic situation and we just hope that this plans lates

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Speaker 1: to a sustainable social economic development that takes the country forward.

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Speaker 1: But in principal, Steven, it's a step again in the

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Speaker 1: right direction.

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Speaker 2: And then Toyota Social is partnering with the company they're

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Speaker 2: involved in a very heavy rare earth project in the movie.

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Speaker 2: I mean that's fascinating.

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Speaker 1: Yeah, so and you said social very so Toyota at

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Speaker 1: Sushow is part of the Toyota Group and there's a

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Speaker 1: big investment with regards to to to to rare metals

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Speaker 1: and they've parted up with with the Canadian listed company

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Speaker 1: that's that's also invested in Amibia. Toyota obviously a Japanese

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Speaker 1: company and h they're also partnered with their local entity

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Speaker 1: called the Japan Organization of Metals and Energy Security. And

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Speaker 1: the rare metals were picking up us specifically Steven, that

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Speaker 1: will be subject to this mine at the Esporosium and Turbia.

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Speaker 1: It makes me feel like my high school science class again.

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Speaker 2: Uh.

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Speaker 1: And the price per for their the exposium steven. It's

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Speaker 1: used for electric vehicles and uh wind tourvive and the

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Speaker 1: price package is about nine hundred US dollars, so it's

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Speaker 1: not cheap. So the investment and the infrastructure required harvested

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Speaker 1: out of the ground from mining perspectives also not cheap,

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Speaker 1: but again a great opportunity for Namibia that sense.

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Speaker 2: And then very quickly prof Rhana has been introduced to

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Speaker 2: a Ugandan parker were there forty years ago and finally

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Speaker 2: they're back.

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Speaker 1: They used to over a total of seven hundred in Uganda,

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Speaker 1: and obviously due to poaching uh and being slaughtered for

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Speaker 1: their homes and then their meat, the only the way

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Speaker 1: left to nothing. Two of them have been brought back

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Speaker 1: from another private reserve. That's a good story. They are

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Speaker 1: two southern in terms of the southern type rhinos Africa,

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Speaker 1: believe it or not, as only about fifteen thousand white

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Speaker 1: chinos in total, so these are white chinos the northern type,

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Speaker 1: the only two left in the whole of Africa, and

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Speaker 1: they're in Kenya. But here has a great story in

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Speaker 1: terms of these two rhinos being brought back into the world,

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Speaker 1: and Uganda has always put up security investments around that.

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Speaker 1: It attracts tourists and preserves such a wonderful breed which

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Speaker 1: we want to see more and growth. But a great

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Speaker 1: story we took out to what Uganda is, do it

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Speaker 1: from a old life perspective.

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Speaker 2: Professor Rotundo and Dingwa, thanks so much, really appreciated. Founding

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Speaker 2: Director Trump African Advisory author of the book Rumble in

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Speaker 2: the Jungle. Reloaded