Electric vehicles (EVs) represent a significant and rapidly growing segment of the private transportation market. By the end of 2020, there were already 10 million electric cars on the world’s roads, following a decade of impressive expansion. Despite the global downturn in car sales caused by the pandemic, electric car registrations increased by 41% in...
The transportation sector in many low and middle-income countries is witnessing rapid growth in two and three wheelers. While Asia currently dominates the global motorcycle fleet, African countries are experiencing some of the highest growth rates for motorcycles worldwide. Presently, there are approximately 270 million motorcycles on the roads, with annual motorcycle sales reaching around...
The motorbike industry in Kenya has experienced significant growth and transformation in recent years. Motorcycles have gained popularity as a means of transportation for both goods and people, primarily due to their ability to navigate through traffic congestion and reach destinations quickly. This trend is particularly evident in urban areas where traffic congestion is a...
Africa is currently facing a number of economic challenges, including poverty, inequality, and lack of access to basic services such as electricity and clean water. However, there is also a growing recognition that investing in sustainable infrastructure can help to address these challenges and promote economic growth. International investors are looking for opportunities to invest...
The term industrial revolution used to represent the economic transformation that Britain went through in the 18th to 19th Century. However, as time went by, the term started to represent the process of economic transformation as opposed to a period of time. This economic transformation that the term represents is characterized by technological, cultural and...
According to IRENA, the African continent receives an annual solar irradiation of 2,119 kilowatt hours per square metre (kWh/m2); with most countries in the North, West and Southern Africa receiving more than 2,100 kWh/m2 annually. Cumulatively, Africa has a solar PV technical generation potential of 7,900 GW; and this capacity has barely been scratched yet....
A continental funding challenge Insufficient funding is flowing into the renewable energy sector in Africa. Commercial and development financiers agree that there are sufficient funds to finance the energy transition in Africa; however the continent faces challenges that are slowing down the rate of capital deployment into the clean energy sector. According to a report...
Africa’s population is projected to grow to more than 2 billion people by 2050 from the current figure of about 1.2 billion people. More than 80% of the population growth is likely to occur in urban areas; with African cities projected to triple their populations by 2050. It is estimated that 13 out of the...
In 2021 the world was coming out of the 2020 Covid-19 induced slowdown in the global economy; and the focus was on how to build resilience in countries across the world, to avoid plunging into a prolonged recession. At the United Nations Climate Change Conference (COP 26) held in Glasgow in the fourth quarter of...