{"id":15452,"date":"2023-03-13T11:51:59","date_gmt":"2023-03-13T11:51:59","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals"},"modified":"2023-03-13T12:26:27","modified_gmt":"2023-03-13T12:26:27","slug":"eu-invests-e50m-in-drc-strategic-minerals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals","title":{"rendered":"EU Invests \u20ac50M in DRC Strategic Minerals"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Sierra-Leone. <\/strong><\/span>The European Union (EU), through the Global Gateway Initiative, has announced \u20ac50 million in investment to boost the Democratic Republic of the Congo\u2019s (DRC) critical minerals sector and various mineral-related infrastructure initiatives.<\/p>\n<p>The investment will be directed towards helping the central African country enhance its geological mapping, urban infrastructure as well as digital education.<\/p>\n<p>The \u20ac50 million package represents part of a $300 billion budget announced by the EU aimed at helping African countries boost key infrastructure projects across the energy and productive sectors.<\/p>\n<p>With the demand for critical minerals rapidly expanding \u2013 driven by the energy transition and an acceleration in the deployment of technologies such as solar panels, battery energy storage and electric vehicles \u2013 the DRC\u2019s untapped critical minerals are set to play a crucial role in global supply chains.<\/p>\n<p>With significant quantities of lithium, manganese, rare earth and cobalt reserves \u2013 the DRC holds approximately 50% of global cobalt reserves \u2013 the International Monetary Fund forecasts the country\u2019s gross domestic product growth to reach 6.7% in 2023 from 6.1% in 2021, backed by the vast investment opportunities for global firms across the country\u2019s mining sector.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/sierra-leone\">Sierra-Leone<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Sierra-Leone. The European Union (EU), through the Global Gateway Initiative, has announced \u20ac50 million in investment to boost the Democratic Republic of the Congo\u2019s (DRC) critical minerals sector and various mineral-related infrastructure initiatives. The investment will be directed towards helping the central African country enhance its geological mapping, urban infrastructure as well as [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-15452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU Invests \u20ac50M in DRC Strategic Minerals - Sierra Leone<\/title>\n<meta name=\"description\" content=\"The European Union (EU), through the Global Gateway Initiative, has announced \u20ac50 million in investment to boost the Dem ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU Invests \u20ac50M in DRC Strategic Minerals\" \/>\n<meta property=\"og:description\" content=\"The European Union (EU), through the Global Gateway Initiative, has announced \u20ac50 million in investment to boost the Dem ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T11:51:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-13T12:26:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/03\/postQueueImg_1678695789.79.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1681\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EU Invests \u20ac50M in DRC Strategic Minerals\",\"datePublished\":\"2023-03-13T11:51:59+00:00\",\"dateModified\":\"2023-03-13T12:26:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\"},\"wordCount\":200,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/03\/postQueueImg_1678695789.79.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/eu-invests-e50m-in-drc-strategic-minerals\",\"name\":\"EU Invests \u20ac50M in DRC Strategic Minerals - 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