WNA Globe

World News by Wild Rose

#Chinese investors ร—

How Chinese investors are supercharging Africaโ€™s multibillion-dollar e-bike boom

Motorcycle taxis โ€“ often called boda-bodas in East Africa and okadas in Nigeria and parts of West Africa โ€“ serve as the primary mode of transport for millions in Africa. Now, Chinese investors are pouring funds into the continentโ€™s multibillion-dollar two-wheeler market, driving an energy shift from petrol to electric power. The investors supply essential components and batteries for local assembly, while supporting infrastructure such as battery-swapping networks to ease the transition. Last...