Driving Change: How E-Mobility is Shaping Africa’s Transport Systems

Editor's Note

Welcome to your October edition of the Africa Bulletin. This month, we focus on e-mobility, a global phenomenon that is key in driving change and promoting sustainability. As more countries attempt to decarbonise their transportation systems to lessen the consequences of climate change, electrification is swiftly emerging as a workable solution. Many African countries are also capitalising on the opportunity of e-mobility to not only address climate change but also to come up with solutions that will boost economic development across the continent.

Our focus also explores major African business narratives impacting the region and the globe. These stories interconnect with comprehensive reports centred on Africa's economic development, energy transition, trade and development and diversification of the continent's commodities market.

As always, we've curated news stories to navigate you through today's business environment, offering a global perspective on the legal issues relevant to your industry.

We are ALN. One region, One vision, One ALN.

Top Story

In the face of climate change, a green revolution is sweeping the globe and across the African continent through e-mobility. E-mobility, encompassing electric vehicles (EVs), e-bikes, and electric public transportation, is transforming how Africans move, emerging as a powerful tool for sustainable development and environmental preservation. Countries such as Rwanda, Egypt, Kenya, South Africa, Uganda, Ghana and Nigeria are making significant strides in the EV landscape. They have witnessed a surge in EV start-ups, especially...Read more .

Stories that Matter

1. Africa | South Africa, Nigeria, Egypt Top Globally for Investment Migration - Africa is continuing its trajectory as a growth market for residence and citizenship by investment programs, with a 46 percent increase in enquiries in 2022, according to the Africa Wealth Report 2023. The report ...Read more .
2. East Africa | EAC-EU Develop Joint Roadmap to Foster Digital Transformation in East Africa - The East African Community and the European Union have committed and agreed to foster a human-centric digital transformation in East Africa. The agreement centred...Read more
3. Egypt | Egypt Signs Deals with China for Green Energy Projects Worth USD 14.75 Billion - Egypt and China recently signed two major agreements for green energy production in the Suez Canal Economic Zone. The agreements were signed during Egypt’s participation in the...Read more
4. Kenya | Private Capital Inflows to Kenya Rise Fastest in Africa - Kenya’s private capital investment was the second highest in Africa last year after South Africa’s, having risen nearly five times to USD 1.1 billion. This is an increase from the USD 226 million recorded in 2021, according...Read more
5. Morocco | Morocco Among Top African Destinations for Chinese Investment - Morocco has emerged as an attractive African destination for Chinese investments over the next decade, the Economist Intelligence Intelligence Unit (EIU) revealed in its 2023 report. The report...Read more
6. Nigeria | State Announces USD 13.5 Billion Investment Commitments to Boost Oil Output - The federal government announced it had secured a USD 13.5 billion investment commitment from international oil companies and independent producers to boost the country’s crude output...Read more
7. South Africa | South Africa to Supersede Egypt as Africa’s Biggest Economy - The South African economy has been predicted to bypass Egypt’s and Nigeria’s to become the biggest on the continent, according to the International Monetary Fund (IMF) in its World Economic...Read more
8. Zimbabwe | Zimbabwe Ranked Among World’s Top Diamond Producers - Zimbabwe ranks as the seventh biggest diamond producer in the world with an annual output of over 4 million carats worth USD USD 420 million, state-run Zimbabwe Broadcasting Corporation news has reported...Read more

Reports

Finance in Africa |?European Investment Bank

Africa is a continent of opportunity and potential. If you believe in the transformational impact of development finance, you believe in Africa. But the current challenges cannot be underestimated.?Every effort needs to be made to address these challenges.?Finance in Africa 2023 highlights how the EIB can best support the African financial sector so that it can, in turn, bolster the development of a thriving and resilient private sector. Many positive developments are taking place in Africa, and this report sheds light on how finance can accelerate this trend.

Click here to download and read the report.?

Geopolitics of the Energy Transition Critical Materials |?IRENA

More than any other sector or industry, energy is a core driver of socio-economic outcomes and geopolitical landscapes. As the world transitions toward more resilient, inclusive and clean energy systems, the essential role of renewable energy is more apparent than ever before. This transition is set to induce far-reaching and transformative changes, and recent years have demonstrated yet again how the global energy system is intricately intertwined with geopolitics. This report’s focus pivots to a theme that embodies both the future and the past

Click here to download and read the report.?

Trade and Development Report 2023 |?UNCTAD?

The report highlights how market concentration in key sectors, such as the trading of agriculture commodities, has grown since 2020, deepening the asymmetry between the profits of top multinational enterprises and declining labour share globally. It finds that unregulated financial activity significantly contributed to the profits of global food traders in 2022.?Corporate profits from financial operations appear to be strongly linked to periods of excessive speculation in commodities markets and to the growth of shadow banking. This unregulated financial sector operates outside traditional banking institutions.

Click here to download and read the report.?

Commodities and Development Report 2023 |?UNCTAD

Diversification brings economic benefits, but it may have drawbacks if not accompanied by inclusiveness and sustainability policies.?Producing more sophisticated products may widen inequalities if higher-skilled workers capture most opportunities and command higher wages.?The Commodities Development Report 2023 explores ways in which commodity-dependent developing countries can diversify their production and move up value chains to produce and export a wider variety of products – and do so in inclusive ways that protect the global climate.?

Click here to download and read the report.?