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Dangote Extends Continental Dominance, Seals $1 Billion Investment Push in Zimbabwe
Africa’s richest man, Aliko Dangote, visited Harare, Zimbabwe, on Wednesday to formalize plans to invest up to $1 billion in the country, targeting major projects in cement manufacturing, power generation, and fuel transportation infrastructure.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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South Africa Opens Freight Rail Network to Private Firms
Transnet, which runs the country's freight rail and port services, has faced equipment shortages and maintenance backlogs worsened by widespread cable theft and vandalism, prompting the government to seek private sector involvement.
- Region
- Sub-Saharan Africa
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eWAKA Partners With Powerbase to Expand Its E-mobility Solutions in Kenya
Kenyan technology start-up eWaka has signed a deal with financial and energy company Powerbase to optimise the manufacture and marketing of its electric mobility solutions.
- Categories
- Telecommunications, Transportation
- Region
- Sub-Saharan Africa
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Nigerian Mobility Fintech Moove Closes $8 Million to Expand Vehicle Fleet in Ghana
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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China’s BYD Joins Latin America Lithium Rush to Feed Electric-Car Switch
Brazil and Chile are key pillars in BYD’s regional push.
- Categories
- Energy, Technology
- Region
- Latin America
- Tags
- e-mobility, mining, transportation
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African Development Bank Approves $20 Million Investment in Private Equity Fund Targeting the Infrastructure Sector in Africa
The mobilization of private capital is critical to closing the infrastructure financing gap in Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: Ecuador Will Receive $300 Million From the World Bank to Finance Loans to Micro, Small and Medium-Sized Enterprises
The new resources will be used to increase the number of loans, beneficiaries and impact on micro, small and medium-sized enterprises (MSMEs).
- Categories
- Investing
- Region
- Latin America
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Sudden Reduction of Subsidy of Electric Two-Wheelers May Lead to Major Decline in EV Adoption in India
The Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023.
- Categories
- Energy, Technology
- Region
- Asia Pacific
- Tags
- e-mobility, transportation
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