Morocco has edged South Africa off the top of an industrialisation index, but the country’s automotive body says South Africa remains the continent’s dominant vehicle producer and its shift to electric models is “on track”. South Africa remains by far the largest vehicle manufacturer on the continent, and its move to new energy vehicles is…
South Africa only issues work visas to foreign nationals who meet strict legal requirements and, in many cases, employers must first prove that no South African can do the job. · A work visa does not make someone a South African citizen or permanent resident. It only gives permission to work legally for a limited…
South African investment firm Stocks & Strauss closed its University Technology Fund II at ZAR400 million, or about $24 million, to back startups linked to local universities and alumni networks. The close brings total capital across the firm’s university-linked early-stage investment platform to more than ZAR700 million. The platform is designed to help commercialise innovation…
Mombasa, Kenya — The blue economy is a vital source of jobs, food security, and economic opportunity across Africa and the Western Indian Ocean region. Yet, by the admission of those driving its development, the region is still only beginning to tap into what its oceans, lakes, and rivers can truly offer. This was the…
Triangular cooperation is increasingly shaping discussions on how to accelerate development and integration across the Global South, particularly in efforts to deepen intra-African trade. The model brings together developing countries working through South-South cooperation, supported by a third partner such as a development agency, international organisation, or developed country. ALSO READ: UNDP sees South-South cooperation…
Ouidah, Benin — It is barely noon, and a group of women sit near the beach on the outskirts of Djégbadji village, in West Africa’s Benin, sifting through mounds of salt harvested from the Gulf of Guinea’s ocean. Large concrete vats covered with black tarpaulin show traces of white salt sediment as the seawater slowly…
E-hailing platforms have enabled hundreds of thousands of drivers to earn income despite persistent unemployment and economic challenges. (Image created via Gemini) South Africa’s e-hailing sector has evolved from a convenient transport alternative into a significant contributor to the country’s digital economy, creating hundreds of thousands of income-generating opportunities. This, as the country continues to…
Only about 57% of the people in Africa have access to electricity, the vast majority of them in sub-Saharan Africa. To meet the United Nations goal of everyone having access to affordable electricity by 2030, African countries will need to rapidly expand electricity generation. However, generating more electricity will have an effect on available water…
President Bola Ahmed Tinubu on Tuesday urged member countries of the African Minerals Strategy Group (AMSG) to speak with one voice to promote Africa’s collective interests, ensure value addition, and prevent the continent from becoming merely a source of raw materials for the rest of the world. President Tinubu gave the charge while receiving a…
Spiro, one of Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, has announced the successful completion of its latest funding round, raising $270 million to support the expansion of its e-mobility and energy ecosystem across the continent. The milestone follows the closure of a $55 million investment from NewTrails Capital, a Chinese growth-stage…
