世界经济论坛-确保能源转型的矿产安全：南部非洲的融资（英）

Securing Minerals for the Energy Transition: Finance for Southern AfricaW H I T E P A P E RA U G U S T 2 0 2 5In collaboration with Development Bank of Southern Africa and McKinsey and CompanyImages: Getty Images, Adobe StockDisclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.© 2025 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.ContentsForeword 3Executive summary 5Introduction 6The energy transition and critical minerals 6The Southern African Region’s role in critical minerals 7SAR country profiles 81 Context setting 101.1 Methodology 101.2 Problem definition 101.3 Key challenges 112 Solution case studies 172.1 Policy measures 172.2 Investment de-risking 182.3 Energy strategy 202.4 Transportation infrastructure 202.5 Innovation promotion 222.6 Industrial cluster development 232.7 Human capital development 242.8 Demand certainty 26Conclusion 28Contributors 29Endnotes 30Securing Minerals for the Energy Transition: Finance for Southern Africa2ForewordAt the Development Bank of Southern Africa (DBSA), our mission has always extended beyond infrastructure financing. It is about enabling inclusive growth, alleviating poverty and deepening development impact across the continent. As we confront the major transitions of our time that include climate change-induced challenges, cyclical economic headwinds and technological disruption, Africa must be an active participant in shaping its own development path.The transition to a low-carbon future brings with it opportunities driven by the global agenda of suppressing the pace of climate change, since Africa is abundant in the minerals needed to drive clean energy technologies. However, if extraction continues in the same manner as historical practice, which is characterized by the export of raw materials, limited local beneficiation and inadequate community impact, the continent will once again miss the opportunity to convert its mineral wealth into structural socio-economic transformation. DBSA partnered with the World Economic Forum to produce this paper, a playbook of solutions that reframes the critical minerals landscape to prioritize long-term economic transformation and diversification across the region. DBSA sees a unique role for development finance in ensuring that value is created and retained locally, that communities are meaningfully included, and that economic participation becomes more equitable. This paper outlines practical solutions to ac