Africa's Markets, Startups & Money Moves — Updated Daily

Transition to EVs is Accelerating in Africa

Analysts say South Africa, Morocco, Kenya, Ethiopia and Ghana are among the countries best positioned to attract Chinese EV investment because of their industrial capacity, supportive policies or growing electricity infrastructure.

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Ford Announces Fathom Electric Truck With $28,350 Starting Price

Ford’s next-generation electric truck will be called Fathom, and it will start at $28,350 when it goes on sale in 2027, the company said on Thursday.

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Swedish Company Einride to Acquire EV Charging Startup Flipturn in an All-Stock Deal

Swedish electric and autonomous trucking company Einride has agreed to acquire EV charging startup Flipturn in an all-stock deal worth $38 million.

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Tesla Begins Testing Cybercab Without Pedals or a Steering Wheel

Tesla has begun testing a production version of its Cybercab that has two seats, but no steering wheel or pedals, in Austin, Texas. For now, the testing is being done with a safety monitor

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