Zim Invited to Join Energy Forum

Mr Joseph McMonigle

Alan Caldwell

Zimbabwe, with its rich mineral resources, particularly in iron and lithium, is poised to play a crucial part in the world’s shift to green energy. The country has recently been invited to join the International Energy Forum (IEF), the largest global gathering of energy-producing and consuming nations. One of the key factors behind Zimbabwe’s invitation is its vast lithium deposits. The country is projected to fulfil as much as 25 percent of the world’s lithium demand as early as next year. In addition to lithium, Zimbabwe also boasts significant reserves of iron ore. The country has embarked on a US$1 billion project at the Manhize plant, aiming to position itself as the leading steel producer in Africa. President Mnangagwa, who attended the Saudi-Africa Summit, emphasized the Government’s commitment to welcoming investors from oil-rich regions like Saudi Arabia. He identified agriculture and mining as sectors ripe for investment opportunities. The IEF secretary-general, Mr Joseph McMonigle, visited President Mnangagwa to discuss Zimbabwe’s potential role in the global energy sector. He highlighted the country’s critical minerals needed for steel production and energy transition, as well as its significant lithium deposits. The inclusion of Zimbabwe in the IEF would allow the country to contribute its unique resources and perspectives to the decision-making process. The IEF forum brings together a diverse range of stakeholders, including participating countries from the International Energy Agency (IEA) and OPEC, as well as key energy players like Brazil, China, India, Mexico, Russia, and South Africa. The invitation extended to Zimbabwe is seen as an endorsement of the country’s ongoing economic revival and its efforts to engage with the international community. ReadMore