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British company Bboxx and EV firm Spiro team up to accelerate electric mobility in 3 African countries

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British company Bboxx and EV firm Spiro team up to accelerate electric mobility in 3 African countries

Bboxx, a leading provider of clean energy solutions, has joined forces with Spiro, a prominent electric mobility company, to accelerate the adoption of electric vehicles (EVs) in three African countries.
 

The partnership aims to revolutionize transportation in the region, reduce carbon emissions, and pave the way for a greener future.

The three countries selected for this transformative initiative are Kenya, Togo, and Rwanda.

Bboxx is widely recognized for its innovative solar-powered solutions, offering clean and affordable electricity to off-grid communities in Africa and beyond.

The company’s partnership with Spiro, an electric vehicle mobility startup, is expected to extend the reach of clean energy into the transportation sector and contribute significantly to reducing the carbon footprint in the selected countries.

Spiro brings its expertise in developing electric two-wheelers, a popular mode of transportation in densely populated urban areas across Africa.

By combining Bboxx’s solar energy infrastructure with Spiro’s electric scooters and motorcycles, the partnership aims to create a powerful and sustainable mobility solution that caters to the needs of commuters and delivery services alike.

The three selected countries present an ideal setting for the adoption of electric mobility solutions.

In Kenya, the bustling urban centers and rapidly growing population make sustainable transportation options a necessity.

In Rwanda, the East African country has made a commitment to environmental sustainability and green initiatives.

The joint efforts of Bboxx and Spiro are expected to result in the deployment of electric scooters and motorcycles in key urban areas within the three countries. 

These electric vehicles will be powered by Bboxx’s solar-powered charging stations, reducing the reliance on fossil fuels and contributing to cleaner air and reduced greenhouse gas emissions.

As Africa continues to face the challenges of rapid urbanization and climate change, the Bboxx-Spiro partnership stands as a shining example of how innovation and collaboration can address these issues head-on.

By accelerating the adoption of electric mobility, this transformative initiative has the potential to create a significant positive impact on the environment, public health, and the overall quality of life for people across Kenya, Togo, and Rwanda.

The partnership’s success is expected to inspire similar endeavors in other African nations, further propelling the continent towards a sustainable and carbon-neutral future.

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E-mobility firm Roam opens factory in Kenya to manufacture 50,000 electric bikes annually

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E-Mobility firm Roam opens factory in Kenya to manufacture 50,000 electric bikes annually

Roam, a leading electric mobility firm, has officially inaugurated its state-of-the-art factory in Nairobi.
 

The facility will manufacture 50,000 electric motorbikes annually, with the aim of reducing carbon emissions, alleviating urban congestion, and bolstering the country’s green economy.

The grand inauguration ceremony was attended by prominent government officials, industry leaders, and environmental advocates, symbolizing the importance of this milestone in Kenya’s journey towards embracing electric mobility and clean energy alternatives.

Substantial investments from both local and international partners have supported roam’s ambitious venture.

Billed as the largest in East Africa, the Roam factory is equipped with cutting-edge technology and adheres to the highest environmental standards.

In addition to production, it will enable the thousands of petrol-powered motorbike taxis to be converted to electric power.

“This plant illustrates Kenya’s potential as a leader in clean transport solutions on the continent. It is, therefore, an initiative that fits perfectly with our national objectives of reducing carbon dioxide (CO2) emissions,” said the President of the Republic, William Ruto, during the launch of the factory.

Roam’s electric motorbikes have garnered significant attention in the market due to their robust design, impressive performance, and affordable price range.

These e-motorbikes offer a viable alternative to traditional petrol-powered two-wheelers, making them particularly appealing to urban commuters and delivery service providers.

With the inauguration of Roam’s factory, Kenya is poised to take a significant stride towards building a greener and cleaner future, setting a benchmark for sustainable transportation initiatives across the continent.

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BioNTech completes $550 million acquisition of Tunisian AI startup InstaDeep to bolster AI-powered drug discovery

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BioNTech completes $550 million acquisition of Tunisian AI startup InstaDeep to bolster AI-powered drug discovery

BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.

This move positions BioNTech as a prominent player in the AI-powered drug discovery landscape, signaling a major leap forward in their mission to develop innovative treatments and therapies.

The acquisition represents a significant milestone for both companies, combining BioNTech’s expertise in mRNA technology and vaccine development with InstaDeep’s cutting-edge AI capabilities.

The union is expected to foster revolutionary advancements in drug discovery and accelerate the development of life-saving treatments for various diseases.

InstaDeep, headquartered in Tunis, Tunisia, is recognized as a pioneer in applying AI and machine learning algorithms to healthcare and life sciences.

The company’s AI-driven platforms have garnered international recognition for its ability to analyze vast amounts of data, identify patterns, and generate insights crucial for optimizing drug development processes.

With an increasing emphasis on personalized medicine and precision therapeutics, AI has emerged as a powerful tool to expedite drug discovery, enhance treatment efficacy, and minimize adverse effects.

The collaboration between the two firms aims to harness AI’s potential to identify new drug targets, predict drug interactions, and streamline clinical trial processes.

This integration is expected to accelerate drug development timelines, reduce costs, and improve the overall success rate of drug candidates.

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Kenya’s leading telco Safaricom to start investing in tech startups via new funding ventures

Kenya's leading telco Safaricom to start investing in tech startups via new funding ventures
Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.
 

This strategic move is aimed at investing in and supporting innovative tech startups in Kenya and beyond.

With a strong commitment to nurturing local talent and driving digital innovation, Safaricom seeks to play a pivotal role in propelling the growth of the technology sector and fostering entrepreneurial success in the region.

The two new subsidiaries introduced by Safaricom are:

– Safaricom Ventures: Safaricom Ventures will function as the company’s corporate venture arm, focusing on investing in early-stage tech startups.

Through this subsidiary, Safaricom aims to identify and back promising entrepreneurs with cutting-edge ideas that align with its core values of digital transformation and customer-centric innovation.

– Safaricom Innovation Lab: The Safaricom Innovation Lab is an incubation center designed to nurture startups through their initial stages of development.

The lab will offer a conducive environment for entrepreneurs to experiment, develop prototypes, and refine their business models.

The lab will have state-of-the-art facilities, expert guidance, and collaborative spaces to foster creativity and idea-sharing among budding entrepreneurs.

The introduction of Safaricom Ventures and the Safaricom Innovation Lab brings a wealth of opportunities for the startup community in Kenya and beyond.

Safaricom’s decision to invest in tech startups through Safaricom Ventures and the Safaricom Innovation Lab is a significant leap towards nurturing innovation and driving technological advancements in Kenya and beyond.

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AfriLabs partners with the U.S. Department of State to tackle climate crisis in Africa through entrepreneurship

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AfriLabs partners with the US Department of State to tackle climate crisis in Africa through entrepreneurship

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AfriLabs, one of Africa’s largest networks of technology and innovation hubs, has joined hands with the United States Department of State to tackle the climate crisis in Africa through entrepreneurship.

This partnership seeks to leverage the power of entrepreneurship and innovation to address pressing environmental challenges across the African continent.

The collaboration is expected to foster sustainable solutions that can mitigate the adverse impacts of climate change and promote economic growth in the region.

Climate change remains one of the most pressing global issues, with Africa particularly vulnerable to its consequences.

Extreme weather events, rising sea levels, desertification, and dwindling natural resources are among the challenges the continent faces.

AfriLabs, comprising over 250 innovation hubs spread across 47 African countries, has a proven track record of nurturing and supporting startups and entrepreneurs in various sectors, including renewable energy, agriculture, water management, and sustainable urban planning.

The partnership between AfriLabs and the U.S. Department of State wiU.S.ocus on three key pillars, including incubation and support for climate-focused startups.

By nurturing climate-focused startups, the partnership aims to create a thriving ecosystem of environmentally conscious businesses that can drive sustainable development.

Additionally, through regional workshops, the sharing of knowledge and best practices is expected to foster cross-border cooperation, leading to region-specific climate solutions.

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BasiGo to Spearhead Rwanda’s Electric Mobility Revolution with the Introduction of Electric Buses

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BasiGo to Spearhead Rwanda's Electric Mobility Revolution with the Introduction of Electric Buses

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Rwanda’s vision for a greener and more sustainable future takes a giant leap forward as BasiGo, a renowned electric vehicle manufacturer, announces its plans to bring electric buses to the streets of Rwanda.

In a transformative move towards eco-friendly public transportation, the collaboration between BasiGo and the Rwandan government promises to revolutionize the country’s mobility landscape and significantly reduce carbon emissions.

BasiGo’s entry into the Rwandan market marks a significant milestone in the country’s journey towards embracing clean energy alternatives.

The introduction of electric buses will play a pivotal role in advancing Rwanda’s commitment to environmental conservation, aligning perfectly with the nation’s ambitious sustainability goals.

With an unwavering focus on environmental preservation, the electric buses from BasiGo will operate as emission-free vehicles, significantly reducing air pollution and improving urban air quality.

BasiGo’s electric buses are equipped with cutting-edge battery technology that ensures extended ranges on a single charge, making them perfectly suited for Rwanda’s diverse urban landscape.

Passengers will experience a seamless and comfortable ride, all while knowing they are contributing to a cleaner and more sustainable environment.

The partnership between BasiGo and the Rwandan government aims to empower the country’s public transportation system with reliable, efficient, and eco-conscious solutions.

By introducing electric buses, the collaboration seeks to create a positive impact on the lives of Rwandans, offering a modern and environmentally responsible travel experience.

Recognizing the need for a robust charging infrastructure, BasiGo will invest substantially in setting up charging stations across strategic locations in Rwanda.

This extensive charging network will ensure that electric buses have ample access to charging points, providing a seamless transition to electric mobility.

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Mastercard teams up with Nigerian B2B e-commerce platform Alerzo to digitize African SMEs

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Mastercard teams up with Nigerian B2B e-commerce platform Alerzo to digitize African SMEs

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Mastercard has partnered with Alerzo, a fast-growing Nigerian startup based in Lagos, to digitize African SMEs.

The collaboration aims to drive financial inclusion and support the growth of Small and Medium-sized Enterprises (SMEs) through digital transformation.

The partnership between Mastercard and Alerzo seeks to address the challenges faced in accessing financial services and embracing digital technology.

SMEs play a crucial role in Africa’s economic development, but many of them have been constrained by limited access to formal financial services, hindering their growth potential.

Through this alliance, Mastercard and Alerzo aim to empower SMEs with the necessary tools and resources to harness the benefits of digitization fully.

By digitizing their operations, SMEs can enhance efficiency, reach a broader customer base, and streamline their financial transactions, ultimately driving growth and contributing to economic prosperity.

Alerzo has developed a comprehensive suite of digital financial services explicitly tailored for African SMEs. These services include digital payments, invoicing solutions, inventory management, and data analytics, all designed to simplify business operations and enhance financial transparency.

The strategic partnership will enable Alerzo to leverage Mastercard’s vast global network and expertise in digital payments to scale its offerings and reach a more extensive SME audience across Africa.

Through the digital solutions offered by Alerzo and Mastercard, SMEs will gain better access to formal financial services, enabling them to build credit histories and access credit facilities, which are essential for business growth.

As more SMEs adopt digital tools for their business operations, the overall business landscape in Africa is expected to become more vibrant and dynamic.

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Solar energy company Starsight Energy secures $20 million to power East Africa with solar energy

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Solar energy company Starsight Energy secures $20 million to power East Africa with solar energy

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Starsight Energy, one of the leading solar energy solutions providers, has secured a $20 million investment.

The funding injection aims to accelerate the expansion of clean energy access across the East Africa region and marks a significant milestone in the company’s mission to drive sustainability and economic growth.

The company specializes in providing comprehensive, sustainable, and technologically advanced solar energy solutions to businesses, industries, and communities in the region.

The $20 million investment comes from a consortium of international investors, including the Netherlands Development Finance Company (FMO) and the Global Climate Partnership Fund (GCPF).

The funding demonstrates growing confidence in the potential of East Africa’s renewable energy sector and the significant impact Starsight Energy can have on the region’s economic and environmental sustainability.

With this substantial investment, Starsight Energy is poised to scale up its operations and expand its solar energy infrastructure across East Africa.

The company plans to use the funds to deploy more solar energy systems in key industries such as manufacturing, telecommunications, and healthcare, as well as in rural and underserved communities.

Starsight Energy’s expansion plans not only promise to provide access to reliable and sustainable energy but also offer a substantial boost to local economies.

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Investment platform Africa50 and the International Solar Alliance partner to finance solar energy in Africa

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Investment platform Africa50 and the International Solar Alliance partner to finance solar energy in Africa

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Africa50, an investment platform that finances infrastructure projects in Africa, and the International Solar Alliance (ISA), an intergovernmental organization that promotes solar energy in developing countries, have signed a partnership agreement to finance solar energy projects in Africa.
 

The partnership agreement will see Africa50 and ISA work together to identify, develop, and finance solar energy projects in Africa. Africa50 will provide the financial resources for the projects, while ISA will provide technical assistance and expertise. The partnership is a significant step forward in developing solar energy in Africa.

 

Solar energy is a clean, renewable energy source that has the potential to provide reliable and affordable electricity to millions of Africans who currently lack access to electricity.

The partnership between Africa50 and ISA is a significant development in the global fight against climate change. Solar energy is a vital part of the solution to climate change, and this partnership will help to make it more affordable and accessible to developing countries. The partnership is also a major boost for the African economy, with the development of solar energy in Africa expected to create jobs, boost economic growth, and reduce poverty. It will also help to accelerate the deployment of solar energy, improve access to energy, and create jobs.

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