Hisense and FBB Tech Lay Foundation for Factory in Egypt
On 17 February 2025, Chinese household appliances giant Hisense and UAE-based FBB Tech performed the foundation stone laying ceremony for
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Manufacturing
Dangote Renews Confidence in Ethiopia with $400M Expansion of Cement Plant
On 15 February 2025, Aliko Dangote announced that he is investing USD 400 million. In in Ethiopia to double the
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World’s Largest EV Battery Maker CATL Files for Hong Kong IPO to Raise at Least $5B
On 11 February 2025, Contemporary Amperex Technology Company Limited (CATL) submitted its application to be listed on the Hong Kong
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Burkina Faso Unveils First Native EV
At the end of January 2025, Burkina Faso’s ITAOUA Group launched its first electric car assembled locally. The electric vehicle
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CNGR Morocco Allows Chinese Batteries to Get Around Tariffs
CobCo is a joint venture (#JV) between CNGR, a Chinese chemical and materials company, and Al Mada, a Moroccan investment
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European Battery Champion Northvolt Gets Negative Charge
On 31 January 2025, Swedish battery maker Northvolt announced that its co-founder Paolo Cerruti will step down as CEO of
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US DoD Blacklists Chinese EV Battery Maker CATL
On 6 January 2025, the US Department of Defense (DoD) placed China Amperex Technology Limited (CATL) on its blacklist on
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Luthai Textile Plans to Invest $385M into Vertically Integrated Facility in Egypt
On 16 December 2024, the General Authority for Freezones and Investment (GAFI) of Egypt announced that Luthai Textile will invest
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Huaxin Scoops up Lafarge Nigeria for $1B in African Expansion Spree
On 4 December 2024, Huaxin Cement (SSE: 600801) announced that as part of its African expansion strategy, it plans to
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AU Commends New Generation SEZ for Promoting Regional Integration and Structural Transformation
On the sidelines of the African Special Economic Zones Annual Meeting 2024, the African Union (AU) and African Economic Zones
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