• Contact
Saturday, July 19, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Burkina Faso boosts gold royalties to align with regional standards e1698698921979

    Burkina Faso mine delivers first gold pour as Australian firm hits milestone

    Democratic Republic of the Congo Flag Photo, High Quality Image of Democratic Republic of the Congo Flag. Waving Democratic Republic of the Congo Flag

    Congo wins $1bn from World Bank to revive giant hydro plan

    Trending Tags

  • Business
    agri preneur

    How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda

    dangote

    “We can turn Africa into a ‘heaven’ in the next five years” — Dangote

    Yellow Card Financial and Visa

    Yellow Card, Visa agree to hasten stablecoin adoption in Africa

    starlink

    Elon Musk’s Starlink goes live in another African country

    agriculture

    Standard Bank agriculture expert says now is the time for tangible AfCFTA progress

    Simon Mann

    Simon Mann, mercenary behind failed ‘wonga coup’, dies aged 72

    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Burkina Faso boosts gold royalties to align with regional standards e1698698921979

    Burkina Faso mine delivers first gold pour as Australian firm hits milestone

    Democratic Republic of the Congo Flag Photo, High Quality Image of Democratic Republic of the Congo Flag. Waving Democratic Republic of the Congo Flag

    Congo wins $1bn from World Bank to revive giant hydro plan

    Trending Tags

  • Business
    agri preneur

    How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda

    dangote

    “We can turn Africa into a ‘heaven’ in the next five years” — Dangote

    Yellow Card Financial and Visa

    Yellow Card, Visa agree to hasten stablecoin adoption in Africa

    starlink

    Elon Musk’s Starlink goes live in another African country

    agriculture

    Standard Bank agriculture expert says now is the time for tangible AfCFTA progress

    Simon Mann

    Simon Mann, mercenary behind failed ‘wonga coup’, dies aged 72

    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

TAB by TAB
03/02/2023
in Business
0
Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Through the Sustainable Energy Fund for Africa (SEFA), the African Development Bank (AfDB) is granting US$1 million for the development of electric mobility in seven countries. The initiative will contribute to the decarbonisation of transport systems on the continent.

The African Development Bank (AfDB) wants to tackle the air pollution that causes global warming. Its Sustainable Energy Fund for Africa (SEFA) is providing $1 million to Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa and Sierra Leone. The funding, which is part of the AfDB’s Green Mobility Facility for Africa (GMFA), will help prepare for the deployment of electric vehicles in the seven target countries.

Related posts

agri preneur

How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda

02/07/2025
11
dangote

“We can turn Africa into a ‘heaven’ in the next five years” — Dangote

30/06/2025
5

According to the financial institution based in Abidjan, Ivory Coast, the aim is to establish an environment and business models conducive to green mobility in collaboration with the public and private sectors. The initiative will help reduce 2.1 million tons of CO2 equivalent on the continent and create at least 19,000 direct jobs.

“The AfDB is committed to building a sustainable future that is more resilient to the effects of climate change by catalyzing private investment in low-carbon solutions, especially in the mobility sector that connects people to essential services, jobs, education and opportunities,” says Nnenna Nwabufo, the AfDB’s Director General for East Africa.

Developing low-carbon mobility

To accelerate green mobility in Africa, SEFA will progressively draw on $136 million in funding pledged by Germany ($114 million), Denmark ($14 million) and the United Kingdom ($5 million) at the 26th United Nations Conference of the Parties on Climate Change (COP26) held in November 2021 in Glasgow, Scotland.

The decarbonisation of the transport system in Africa is crucial today in a context marked by the energy consequences of the war in Ukraine on the continent. It will be the focus of the Africa Energy Indaba conference, which takes place from 7 to 9 March 2023 in the South African city of Cape Town. Investors, policy makers and mobility start-ups expected at this 15th meeting will discuss the electric vehicle market, the development of recharging infrastructures, energy storage solutions and local production.

Source: Afrik21
Previous Post

Richest African man building fourth cement plant in Nigeria

Next Post

Shell oil tanker questioned over payment of losses and damages

Next Post
Shell oil tanker questioned over payment of losses and damages

Shell oil tanker questioned over payment of losses and damages

RECOMMENDED NEWS

Investing $100 billion annually: Africa's ambitious path to clean energy by 2040

Investing $100 billion annually: Africa’s ambitious path to clean energy by 2040

2 years ago
16
Photovoltaic power plant in Angola’s Namibe undergoing tests

Photovoltaic power plant in Angola’s Namibe undergoing tests

3 years ago
2
DPO Group partners with Bank of Kigali to onboard e-Commerce merchants in Rwanda

DPO Group partners with Bank of Kigali to onboard e-Commerce merchants in Rwanda

3 years ago
7
SAA signs interline agreement with CemAir to extend route network reach

SAA signs interline agreement with CemAir to extend route network reach

4 years ago
6

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda
  • Angola Taps U.S. Firm Cybastion to Boost Cybersecurity
  • Burkina Faso mine delivers first gold pour as Australian firm hits milestone

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business