New Report Shines Spotlight On E-mobility Innovators Unlocking Access To The US$3.65bn Motorcycle Market In Sub-Saharan Africa
Electric motorcycles are set to be a dominant force in sub-Saharan Africa’s sustainable mobility transformation, but continued investment in start-ups tackling barriers across the value chain will be critical to maximise the full potential, says a report recently released by the Powering Renewable Energy Opportunities (PREO) programme. Two-wheelers are quicker and more easily manoeuvrable than […]
ABB Supports National Water Week
Potable water is treated before distributed in pipes across the entire city. The process runs 24/7 to enable fresh, safe access to water. The automation level in the water industry needs to improve to cope with the increasing demand for fresh and clean water. This is the message from technology leader ABB during Water Week […]
Highlights Opportunities For Responsible Investing And Diversification Strategies In Challenging Times
The Pension Funds and Alternative Investments Africa conference (PIAFRICA) took place on March 15-16, 2023 in Mauritius, bringing together over 150 in-person delegates and more than 30 virtual attendees from 15 countries to explore opportunities and solutions in the unprecedented era of risks facing the world. The event featured over 40 expert speakers and was […]
African and Global Firms Contribute towards Harris’ Empowerment Fund
Vice President Kamala Harris unveiled a package of efforts — valued at more than $1 billion — designed to mitigate gender inequality in the global digital economy that includes contributions from Microsoft, Pfizer and other major corporate entities. The package — released Wednesday while Harris was in Ghana — contains $528 million in private-sector and […]
The Main Winners in Nigeria’s Botched Currency Overhaul are Two Chinese-owned Fintech Apps
Vendors and customers turned to upstarts OPay and PalmPay in recent weeks to send and receive money after a central bank edict to swap old banknotes for new ones, which was later overturned, created a shortage of cash in Africa’s biggest economy. Traditional banks could not handle the surge in online transactions. As of March […]
The Growing Opportunities that African Pharmaceuticals Present
According to a new report by the World Economic Forum, AfCFTA: A New Era for Global Business and Investment in Africa, the pharmaceutical industry is likely to be among the prime beneficiaries of the introduction of frictionless trade in Africa. The industry’s high product complexity means there are tremendous opportunities to invest in local value […]
Africa’s Extraction and Export of Raw Materials is Rising
The findings of a new study that calculates sub-Saharan Africa’s raw material footprint over the past two decades, shows that production and consumption levels nearly doubled between 1995 and 2015. Africa is a net exporter of raw material footprints across all material categories – biomass, construction materials, fossil fuels, and ores. Raw material equivalents of […]
Accra’s Plan on a Debt-free Life
Ghana’s government and international bondholders are pushing forward with formal debt talks after advisors to both sides signed non-disclosure agreements. The West African country, which suspended payments on most of its external debt last year, has picked Lazard as its financial adviser, while a group of international private lenders are represented by Rothschild & Co. […]
Mauto is Preparing Benin—and Africa—for an e-bike Ride
M Auto, is looking to eventually convert most petrol-bike taxis to e-bike taxis in the francophone nation. There are two Mauto models currently in the market in Benin: the smaller Chap Chap which costs around $1,500 per unit and the Commando at $1,900. Mauto imports its bikes from China. It is, however, in the process […]
Rwanda’s Long History of Mining
Kigali’s mining ambitions will soon be met as a result of increasing, and systematic, investment in productivity, exploration and value addition. Last year, mineral exports were Rwanda’s largest foreign exchange earner, bringing in close to $800 million compared to just over $400 million in 2019. This huge jump in earnings was due to two main […]
