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South Africa likely to produce first EV in 2026: Minister

South Africa likely to produce first EV in 2026: Minister

SOUTH Africa's automotive industry will likely produce its first electric vehicle (EV) in 2026, the trade minister said, as he outlined plans for the country's green transport transition. The electrification of transport is one of the key pillars underpinning South Africa's Just Energy Transition (JET) plan for a low-carbon and climate-resilient economy. The JET plan estimates that an investment of 128.1 billion rand ($6.84 billion) would be needed from 2023–2027 for the transport sector to contribute meaningfully to South Africa's decarbonisation commitments. South Africa is the largest automotive manufacturing hub on the African continent, hosting global brands such as Toyota,…
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Global tech billionaires eye Zambia’s electric vehicle battery mines, European Union eyes its avocados

Global tech billionaires eye Zambia’s electric vehicle battery mines, European Union eyes its avocados

SETH ONYANGO, BIRD STORY AGENCY MARKET optimism is spurring a rush of investments into Zambia's agriculture and mining sectors, giving the economy new growth impetus. Investors include Kobold, a consortium linked to tech titans Bill Gates, Jeff Bezos and Richard Branson, now tipped to stir up Zambia's Foreign Direct Investment (FDI) scene with planned investments into its mining sector. The California-based mineral exploration firm is eyeing the country's mines for electric vehicle components, leveraging reformist President Hakainde Hichilema's efforts to revitalise the economy. Upon his landslide poll victory in 2021, part of Hichilema's economic blueprint entailed placing an electric vehicle…
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