Africa certainly doesn’t come up often in conversations around electric vehicle hotspots, but perhaps it should. The continent has quietly become a hub of electric motorcycle activity as multiple homegrown startups expand country by country and bring along a series of battery-swapping platforms.
Integration of AI goes beyond conventional approaches, offering a unique opportunity to redefine the development narrative, foster innovation, and cultivate sustainable progress. Developing Countries can harness AI to optimise resource management, minimise environmental impact, and promote sustainable practices.
REPP 2, a new debt fund focused on catalyzing investments in the rapidly growing renewable energy sector in Sub-Saharan Africa. REPP 2 is being developed by climate and impact fund manager Camco and is designed as a $250 million fund aiming to generate substantial climate, economic, and gender-related impacts while ensuring viable returns.
Increasingly, start-ups rather than established corporations are offering access to advanced solar energy solutions to the majority of people across Africa. By harnessing the sun’s power and transitioning to clean energy, Africans can expect major economic and social developments across the continent.
As part of a regional program, the World Bank is providing a $300 million credit facility to the Trade and Development Bank (TDB). This initiative finances access to renewable energies, including clean cooking, in Eastern and Southern Africa.
In 2023, the firm launched the Renew Venture Lab Fund series, focusing on early-stage tech and tech-enabled companies. With a “founder first” approach, Renew Capital prioritizes the character and vision of founders. “We believe in founders with integrity, intelligence, grit and vision who can lead their countries forward,” explains Matt.
Instead of being discarded or recycled immediately, these batteries are given a “second life” by being repurposed for other applications, such as stationary energy storage, grid stabilisation or residential backup power systems. Repurposing these batteries helps extend their useful lifespan, reduces waste, and can provide cheap energy storage.
The most reliable source of clean energy in most African nations is solar power. By the end of 2023, solar is estimated to account for 67% of the growth in renewable energy capacity globally (Africa 1,7%). The significance of solar power is emphasised by its provision of electricity to over eight per cent of households in sub-Saharan Africa.

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