Via Bloomberg, a look at the projected impact of climate change on Africa: Some countries are spending 9% of their GDP fighting extremes Adaptation will cost $30 billion to $50 billion yearly Climate change is causing weather extremes that have been costly for African economies, according to a report. Countries on the continent are losing […]
Read more »Via South China Morning Post, a report on how China’s Communist Party is building political schools, and influence, in Africa: Kenya’s ruling United Democratic Alliance is the latest African political party to benefit from China’s soft power push to promote its development model and ideology on the continent. UDA officials visiting China in May clinched a […]
Read more »Via Rest of World, a look at how – in just two years – M-Kopa has become the biggest financier for EVs in East Africa’s largest market: Two out of every three electric bikes running on Kenyan roads have been financed by M-Kopa. While M-Kopa has helped grow the industry, there are increasing concerns that […]
Read more »Courtesy of Nikkei Asia, an article on the growing EV market in emerging economies worldwide: Chinese electric-vehicle manufacturers Neta Auto and Xpeng Motors are ramping up their push into Africa, shifting their overseas strategies amid trade frictions with Europe. Neta, a brand developed by EV startup Hozon New Energy Automobile, opened a flagship store in […]
Read more »Via Kenyan Wall Street, an article on global firms reconsidering Kenyan investments given recent risks: As Kenya reels from protests and uncertainty, even after President Ruto’s announced his administration would be withdrawing the Finance Bill 2024, some foreign companies are considering temporarily pausing their investments in the country. The Kenyan Wall Street spoke with several firms, […]
Read more »Via South China Morning Post, an article on China handing over the keys to the railway as African countries take control of 2 major belt and road projects: The Addis Ababa-Djibouti Railway and the Mombasa-Nairobi Standard Gauge Railway have both had recent handovers from Chinese operators Observers say training workers is part of China’s localisation […]
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