Inspiring Sustainable Business in Africa
MOROCCO – Tesla, an electric car manufacturer, has installed its first two Supercharger stations in Morocco, marking its first entry in the African market first. These first supercharger station has been installed in Tangier, near the main highway that connects Morocco’s major cities on the Atlantic coast. The company installed four supercharger stations capable of delivering 150kW near the Tangier…
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SOUTH AFRICA – The African Diaspora Central Bank has committed to invest US$9 billion in Mandrolli, a solar and battery-powered electric vehicle (EV) startup based in Johannesburg, South Africa, and a base in the U.S. Mandrolli describes itself as an electric vehicle start-up that is set to drive electric mobility pioneering in Africa. The startup is co-founded by Tami Mase,…
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KENYA – Lexo Energy, a leading fuel retailer in East Africa, plans to gradually install electric vehicle charging stations in Kenya and Tanzania after a US$14 million loan from the International Finance Corporation (IFC). The energy company, which was established in Kenya in 2017, is involved in the distribution of diesel and petrol through its network of 33 retail fuel stations…
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DRC – Anglo-Swiss multinational mining company Glencore has announced plans to restart operations at Mutanda, the world’s biggest cobalt mine that also produces large amounts of copper in the Democratic Republic of Congo in 2022, a source with direct knowledge of the matter told Reuters. Glencore, one of the world’s largest copper producers and leading cobalt producer, said in February 2021…
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DRC – Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has announced that its subsidiary would take a stake in China Molybdenum Co’s Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) for US$137.5-million. The investment gives CATL access to one of the world’s largest undeveloped sources of cobalt, an ingredient in electric vehicle (EV) batteries. Cobalt prices…
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KENYA – Taxi services firm Bolt has introduced a new ride category on its platform dubbed Bolt Green to offer eco-friendly rides as the company moves towards reducing its greenhouse gas emissions. In a statement issued to the press, the platform said the category will have hybrid and electric cars in which it aim to reduce emissions during trips taken on the…
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EGYPT – Nasr Automotive Manufacturing Company, of the Ministry of Public Enterprise, has signed two agreements with China’s Dongfeng Motor Corporation to reconstruct its factory to produce the first electric car in Egypt. In a press conference, El Nasr Automotive CEO and Managing Director Hany El Kholy said that the first electric vehicle will be produced in Egypt at the…
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ETHIOPIA – Marathon Motors, a car engineering company owned by of Olympic record holder Ethiopian athlete and investor, Athlete Haile Gebrselassie, has introduced the first electric car assembled in Ethiopia. The new electric automobile assembled in Ethiopia will be from South Korea’s the major car manufacturer, Hyundai. The car can be charged at home like a cellphone and can travel…
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EGYPT – Egypt has announced intentions to start the production of electric cars as from 2021 to cut down on carbon emissions which affect the air quality in Egypt’s major cities and contribute to global warming. Egypt’s Minister of Public Enterprise Hisham Tawfik in a phone interview with Egypt Today revealed that the North African country would start producing 25,000…
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CHINA – American automotive and energy company Tesla Inc has received an approval from the Chinese government to set up a manufacturing plant and commence operations in the second largest economy in the world. China’s industry ministry said in October this year that it had added Tesla to a government list of approved automotive manufacturers and had already granted the…
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