Sabi: Digitizing Africa’s Lithium Trade, a Ton at a Time
Nigerian B2B e-commerce platform Sabi is making significant strides in formalizing and digitizing the lithium trade across Africa. By providing digital infrastructure and tools, Sabi has facilitated the export of over 100,000 tons of lithium from Nigeria, positioning itself as a leading enabler in the region’s burgeoning lithium market. This is particularly important as demand for lithium surges due to its critical role in electric vehicle batteries.
Empowering Informal Traders and Increasing Transparency
Sabi’s technology directly addresses the challenges of informal and often opaque trading systems prevalent in Africa. The platform enables informal retail merchants to digitize their operations, improving inventory management and connecting them with verified suppliers. This digitization fosters traceability and transparency, crucial elements for responsible and compliant commodity trading. Africa holds almost 30% of the world’s reserves of essential minerals such as lithium, cobalt, manganese, and rare earths, but currently captures only 10% to 20% of their value due to under-regulation, fragmented supply chains, and illicit trading. Sabi’s efforts are helping to unlock the continent’s full mining potential by providing digital infrastructure that promotes responsible trading, starting with the rapidly expanding lithium market.
In conclusion, Sabi’s innovative approach is transforming Africa’s commodity markets by bringing much-needed structure and visibility to the lithium trade. Through its digital platform, Sabi is empowering local businesses, promoting transparency, and contributing to a more sustainable and equitable distribution of value from Africa’s rich mineral resources.
Keywords
Related Keywords: Sabi, Africa, lithium trade, digitizing, digital transformation, supply chain, technology, mining, minerals, platform
