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Dodai Secures $4 Million Funding to Scale-up Electric Vehicle Production Amid Ethiopia’s Shift to Green Transport
The company plans to allocate 80% of the raised funds to import electric motorcycle parts and lithium batteries.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- electric vehicles, scale, startups
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Nine Business Models for Productive Use of Electricity in Africa: A Framework for Generating Profit and Impact in Off-Grid Energy
Improving energy access in rural Africa is crucial for poverty reduction, but grid electricity is often inaccessible or unaffordable — and off-grid alternatives present similar challenges. Olowo Aminu, Bodunde Akinola, Nneka Chime and Mosorire Aiyeyemi at CrossBoundary argue that Productive Use of Electricity (PUE) has the potential to solve these issues, boosting household income and economic growth, while increasing profitability for energy providers. They share a framework CrossBoundary has developed to help off-grid companies and other stakeholders plan for effective PUE implementation.
- Categories
- Agriculture, Energy, Environment, Technology
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The Climate Innovation Fund and Microsoft Invest $18 Million in Clean Energy Trading in Nigeria
Climate Fund Managers (CFM) and the Climate Innovation Fund of US IT giant Microsoft are injecting $18 million into Konexa to help it provide clean energy solutions to Nigerian businesses.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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TotalEnergies Acquires Carbon Capture Business from Talos Energy for $148 Million
TotalEnergies has set a climate goal to achieve net zero emissions by 2050.
- Categories
- Energy
- Region
- Global
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Prime Energy to Issue $7.3 Million Green Bond in Rwanda
The offer opens on March 18 and closes April 5 and the bond will be listed and start trading on the RSE on April 26.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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India Cuts Import Taxes on EVs in Win for Tesla’s Entry Plans
The move also aligns with India’s goal to boost the adoption of EVs and reduce its dependence on oil imports.
- Categories
- Energy, Transportation
- Region
- Asia Pacific
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Chipmakers Searching for ‘China Plus One’ Are Finding Malaysia
Malaysia is already the world’s sixth-largest exporter of semiconductors, and packages 23 per cent of all American chips.
- Categories
- Energy, Transportation
- Region
- South Asia
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Why the EV Industry Can Count on Relatively Cheaper Lithium
Prices are expected to rise this year, but likely will remain well below their 2022 peak.
- Categories
- Energy, Environment, Transportation
- Region
- Global