Executive Summary
Lithium has become a key mineral in the global transition to clean energy. Its unique properties – Lightweight, high-energy density, and excellent electrochemical performance make it indispensable for developing lithium-ion batteries, the backbone of many clean energy technologies including Electric Vehicles (EVs). The demand for lithium is set to surge dramatically over the coming years, driven by the rapid adoption of electric vehicles (EVs), renewable energy technologies, and the broader push for electrification across industries. Africa has significant natural lithium resources, which may provide an opportunity for many African countries to contribute to meeting increased demand whilst also supporting economic growth. Currently, Africa has little capacity for lithium mineral processing, further refining of lithium chemicals, or manufacturing of battery components. This leads to a typical situation where mineral concentrate is exported; value is added outside Africa; and products using lithium-ion batteries are then imported. In this report, we will critically evaluate the potential for developing lithium processing facilities in Cameroon as a case study.
A typical Lithium Processing Plant Project will be structured under a Special Purpose Vehicle (SPV), which will coordinate project financing, contracts, and operations. Backed by reputable project sponsors and lenders, the processing facility will generate predictable cash flows, ensure fixed construction delivery, and adhere to best practices in governance and sustainability. These factors form the core pillars of the Brickstone Bankability Framework, designed to make the project attractive to financiers.
Key highlights of the Project:
Project Concept: A low-carbon lithium processing plant to process hard rock lithium into concentrate for export and associated storage and manufacturing facilities to produce high-quality lithium.
Legal and Regulatory Overview: Compliance with host country mining laws, environmental regulations, and waste management conditions.
Achieving Bankability: Predictable cash flows, fixed construction delivery, and sustainable governance.
Project Finance: Key project preparation requirements, available credit enhancements, and the role of government support.
Conclusion: The project’s strategic importance, robust financial plan, and sustainable design make it a critical infrastructure asset in the global lithium supply chain.
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Learn More about YALIF
The Young African Leaders in Infrastructure Fellowship (YALIF), developed by The African Catalyst, is an 8-week initiative aimed at empowering young leaders to address critical infrastructure gaps across Africa. Targeting professionals aged 22 to 40, the program provides a blend of theoretical knowledge and practical applications through live sessions, project-based learning, and case studies. Participants will explore key topics, including early-stage infrastructure development, financing strategies, sustainability, and risk allocation, ensuring a comprehensive understanding of the infrastructure project lifecycle.
YALIF not only develops individual skills but also positions graduates to influence Africa's infrastructure sector through transformative projects and innovative solutions. By bridging the gap between education and employment, the fellowship prepares its participants for roles in project finance, development consultancy, and governmental planning agencies. Ultimately, YALIF focuses on cultivating a new generation of leaders equipped to tackle the continent's infrastructure challenges while driving sustainable development.
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APPLICATION OPENS JANUARY 2025
YALIF Fellow Profile
Guillaume Ernest Ngoumou
Finance and Strategy Professional with a diverse background spanning corporate strategy, financial markets, and consulting. Currently working as a Corporate Strategy and Finance Executive at Instrumelec Cameroon, a family-owned contractor specializing in energy projects. Previous experience includes roles in Financial Markets at Morgan Stanley and Financial Consulting at PRGX.
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