AfDB approves US$114 million loan to support Africa’s first EV battery gigafactory
The African Development Bank (AfDB) has approved a €100 million ($114 million) loan to support the development of Africa’s first electric vehicle battery gigafactory in Morocco, marking a major milestone in the continent’s efforts to build its own clean energy manufacturing industry.
Zim targets global energy transition drive: Classifies lithium, uranium, rare earths as strategic minerals
The Zimbabwean government has classified lithium, nickel, cobalt and rare earth elements among several other metals as critical minerals, as the country seeks to maximize economic benefits from the global energy transition drive, which includes the booming electric vehicle (EV) industry.