Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.
Africa demonstrates resilience despite tighter global financial conditions and supply chain disruptions, supported by improved macroeconomic management, agricultural output, and higher commodities prices.
The sanctions “expose and disrupt the operations of those trafficking migrants as cannon fodder and feeding Putin’s drone factories with illicit components,” the UK Sanctions Minister said.
Spain's Socialist government is delivering Europe's fastest growth, the EU's most outspoken stance on Gaza, the continent's biggest Chinese EV investments and Latin America's only serious European interlocutor.
Some African economies are winners from the Iran war. From Kenya to Nigeria, they are registering sharp gains in trade, aviation and energy revenues as the conflict between the US, Israel and Iran disrupts traditional shipping.
Disruptions to fertiliser exports via the Strait of Hormuz have pushed urea prices above $700/MT, raising the risk of food inflation – and hunger – across Africa, where application rates are far below global norms.
Disruptions to fertiliser exports via the Strait of Hormuz have pushed urea prices above $700/MT, raising the risk of food inflation – and hunger – across Africa, where application rates are far below global norms.