ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.
Toyota has launched the fully electric bZ4X in Kenya, extending its gradual rollout of battery electric vehicles across Africa after earlier introductions in Morocco in April and South Africa last month.
Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.
Africa demonstrates resilience despite tighter global financial conditions and supply chain disruptions, supported by improved macroeconomic management, agricultural output, and higher commodities prices.
The sanctions “expose and disrupt the operations of those trafficking migrants as cannon fodder and feeding Putin’s drone factories with illicit components,” the UK Sanctions Minister said.
Spain's Socialist government is delivering Europe's fastest growth, the EU's most outspoken stance on Gaza, the continent's biggest Chinese EV investments and Latin America's only serious European interlocutor.
Some African economies are winners from the Iran war. From Kenya to Nigeria, they are registering sharp gains in trade, aviation and energy revenues as the conflict between the US, Israel and Iran disrupts traditional shipping.