Industry and Business
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Abuja Light Rail Offers Free Rides Until Year-End
President Bola Tinubu has announced an extension of the free ride period for the Abuja Light Rail, lengthening it from the initial two months proposed by FCT Minister Nyesom Wike to the end of the…
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LAMATA Partners with LASWA to Deliver OMI EKO: A Multimodal Transport Revolution for Lagos
To transform transportation in Lagos, the Lagos State Waterways Authority (LASWA) and the Lagos Metropolitan Area Transport Authority (LAMATA) have collaborated to establish a connected transportation system. Supported by the French Development Agency (Agence Francaise…
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The Lagos edition of the West Africa Automotive Show (WAAS) is back
The West Africa Automotive Show (WAAS), Africa’s biggest automotive parts and services exhibition, is coming back to Lagos, Nigeria! The event will take place from Tuesday, May 14th to Thursday, May 16th, 2024, at the…
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Nigeria Revs Up Auto Industry with Renewed Focus on Development
Nigeria’s Minister of Industry, Trade and Investment, Dr. Doris Nkiruka Uzoka-Anite, has emphasized the government’s commitment to reigniting the nation’s automotive industry. This message comes amidst a meeting with key stakeholders, including the National Automotive…
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Lagos acquires electric buses for enhanced public transport
Governor of Lagos State, Mr Jide Sanwoolu and Nigerian oil and gas company Oando PLC recently announced the arrival of the first set of electric buses in Lagos to enhance public transportation. The new electric…
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Planet42 secures $15.6 million from Standard Bank for expansion
Planet42, a South African startup revolutionizing the car subscription landscape, has recently secured a substantial investment of ZAR300 million (approximately US$15.6 million) from Standard Bank. This significant financial boost comprises both debt and equity funding,…
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Moove secures $100 million Series B round led by Uber to drive expansion
Africa’s mobility startup, Moove, that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plans to enter new markets. The funds were raised in a…
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Chinese Electric Vehicle Maker BYD Bets Big on African Market
Build Your Dreams (BYD), the trailblazing Chinese electric vehicle manufacturer, is making significant inroads into the African market, a region ripe with potential and eager for sustainable development solutions. With a strategic expansion into Rwanda,…
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Ethiopia bans importation of combustion-engined Vehicles for EVs
Ethiopia is indeed taking a bold step by planning to ban the importation of combustion-engine vehicles immediately, a move that precedes the timelines set by many other nations. The country’s decision is driven by a…
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Can hydrogen cars compete with EVs?
As the automotive industry accelerates towards a sustainable future, hydrogen cars and electric vehicles (EVs) are vying for the spotlight. With the International Energy Agency projecting that hydrogen could account for 16% of road transport…
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John Doe
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