The Empower Africa Business Platform is Now Live !!!
This is the first time that USAID has awarded a grant specifically to support electric bus development in East Africa, and it is a sign of the growing recognition of the potential of electric vehicles to help the region reduce its reliance on fossil fuels and improve air quality.
BasiGo plans to deliver 200 electric buses to Rwanda before the end of 2024 as part of a commercial partnership with the Rwandan company AC Group.
The fleet will be operated mainly by public transport operators Kigali Bus Service, Royal Express, and Volcano. BasiGo will also provide them with all recharging and maintenance services.
The grant from USAID will be used to support the pilot testing of the electric buses in Kigali and help BasiGo refine its business model and develop financing solutions for bus operators.
The expansion of BasiGo’s operations to Rwanda is a significant step towards the electrification of public transport in East Africa.
It is also a testament to the company’s commitment to making electric buses affordable and accessible to transport operators in the region.
The success of the startup’s electric bus operations in Rwanda could pave the way for the wider deployment of electric buses in other East African countries.
This is expected to have a significant positive impact on the region’s environment and public health.
The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.
HearX Group is a South African startup developing innovative digital solutions to improve access to hearing healthcare.
The International Renewable Energy Agency (IRENA) has welcomed Africa50, a pan-African infrastructure and investment group, as a new partner in its Energy Transition Accelerator Financing (ETAF) platform.