In The Spotlight
COLI Group has completed two projects to move large, out-of-gauge shipments to Ivory Coast
The first lift involved the movement of a set of 90-tonne generators from Bergen in Norway to Abidjan, together with specific lifting gear and additional 30 t alternators.
COLI arranged the ocean transport, including chartering a breakbulk vessel and handling the vessel’s agency.
The units were loaded directly on MAFI-trailers, with lashing, seafastening, marine surveys and port agency all handled in-house.
In the second project, the company coordinated the shipment of a used Liebherr crane to an Ivorian mine.
This took the mobile Liebherr crane from the Dutch village of Geertruidenberg in the Netherlands to the port of Abidjan for onward delivery to the mining site inland.
Other recent non-African assignments completed by Coli Group include the movement of a single Atlas Copco compressor from Antwerp, Belgium to the port of Antofagasta, Chile, and the shipment of a metro railcar from Brazil to France.
All of the projects were coordinated by the group’s Antwerp office.
Eduardo Pijpe, account manager at COLI Antwerp, said it had been a very busy start to 2026.
“These four were not our biggest projects ever, and that is rather the point— individually they can be seen as routine project cargo; together, they map what our team handles frequently, and show the versatile portfolio we can offer to our clients,” he said.
“Four shipments, four continents, eight countries, and different sets of rules, languages and expectations in every one of them. From small breakbulk consignments to full heavy lift charters, a client only hands you a job like that if they trust you with every part of it – that is what makes me proud.”
Established in 1974, COLI Schiffahrt & Transport is a German logistics solutions provider focusing on breakbulk, project and heavy lift cargoes.
In addition to its headquarters in Hamburg, the COLI Group has offices in Antwerp, Bremen, Rotterdam, Istanbul, Rio de Janeiro, Sao Paulo, Guyana, Dubai, Singapore, Shanghai, Seoul and Tokyo, plus a global presence via an extensive network.
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Wang Jiazhong, senior vice president of Yadea Technology Group, pictured with Spiro’s CEO Anant Badjatya (Image source: Spiro)
African mobility group Spiro has signed a partnership with Yadea to scale accessible and sustainable electric transport across the continent
The partnership comes as Spiro accelerates its next phase of growth and expansion across Africa following its latest US$270mn funding round, which included investment from NewTrails Capital, a Chinese fund.
Yadea, founded in China, is the world's leading manufacturer of electric two-wheelers, with more than 100 million vehicles sold worldwide in over 100 countries and 10 exclusive production facilities globally.
Under the agreement, Yadea will supply electric two-wheelers and related EV products tailored to Spiro’s expanding regional markets, while Spiro will integrate the vehicles into its proprietary battery-swapping and energy infrastructure.
The companies will also co-develop customised two-wheeler platforms engineered specifically for local road conditions and commercial utility across Africa.
“Africa’s shift to electric mobility is accelerating and this partnership helps us meet that demand at scale,” said Anant Badjatya, CEO of Spiro.
“By bringing together Yadea’s manufacturing strength with Spiro’s electric mobility ecosystem and operating experience across Africa, we are compressing the timeline to clean transport — helping thousands more riders switch to affordable EVs faster and multiplying our climate impact across the continent.”
Spiro already boasts an operational network and battery-swapping ecosystem across seven countries.
Together, the companies aim to build a scalable, commercially sustainable EV framework serving millions of commercial fleet operators, delivery services, logistics providers, and daily commuters in Africa’s fastest-growing mobility markets.
“Our strategic partnership with Yadea…opens fantastic opportunities to jointly pioneer the next era of electric mobility in emerging markets”, said Gagan Gupta, Spiro’s founder.
Wang Jiazhong, senior vice president of Yadea Technology Group, said Africa represents a huge frontier for zero-emission transport.
“Our mission to reduce carbon emissions has reached a powerful milestone through this partnership with Spiro. Together, we are combining global innovation with local infrastructure to deliver scalable and sustainable mobility solutions that serve millions of riders and transform Africa’s urban transit.”
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Norway is supporting the expansion of South Africa’s renewable energy capacity and the development of its power market through a state guarantee of up to NOK 150 million (approx. US$16.1mn)
Norwegian renewable energy company Scatec will develop and operate the solar power plant
The support is intended to encourage investment in solar generation for industrial users while helping reduce the risks associated with private-sector investment in South Africa’s energy market.
Norway’s Minister of International Development Åsmund Aukrust said the initiative could deliver economic benefits beyond electricity generation, including employment and additional tax revenues.
The Norwegian guarantee scheme for renewable energy is a real win-win. It is cost-effective development assistance because the guarantee costs nothing unless the beneficiary incurs a loss.
"The project creates jobs which are key to reducing poverty and generates tax revenues the country can use to provide welfare for its citizens. This is exactly the type of support African leaders say they want from countries like Norway," said minister of international development Åsmund Aukrust in a press release at regjeringen.no.
South Africa has experienced persistent challenges related to electricity shortages and an unreliable power supply, while its electricity system continues to rely heavily on coal.
The guarantee scheme is administered by Norad and was launched in 2025. The Thakadu Solar project represents the first guarantee issued to the private sector under the scheme.
Norad director General Gunn Jorid Roset said the mechanism can help reduce risks for private companies investing in renewable energy and support wider development of the electricity market.
"This is an effective way to use development funding. When we issue a sovereign guarantee, we help reduce the risk for private actors that want to contribute to expanding renewable energy. This is not just about a single power plant, but about contributing to an evolving energy market. Access to energy is fundamental to development, and in this effort, we need to work together with the private sector."
Supporting renewable generation and private power sales
The guarantee will support Scatec’s development and operation of the Thakadu Solar power plant, in which the company is also a co-owner.
Once completed, Thakadu Solar will add 255 MW of renewable electricity generation. The project’s output is equivalent to the electricity consumption of approximately 150,000–200,000 households.
The additional renewable capacity is expected to contribute to increased clean electricity generation, lower emissions and continued development of South Africa’s electricity market.
The project forms part of Lyra Energy, a platform established by Scatec with South African partners to supply electricity to large private-sector customers. Norway’s guarantee is designed to reduce counterparty risk for Lyra Energy, supporting the financing required to unlock the investment.
Scatec CEO Terje Pilskog said investment in renewable generation remains important for reducing electricity costs and improving energy access in emerging markets.
– Investment in renewable power generation in emerging markets is critical to reducing power costs and securing energy access, and schemes such as the state guarantee help accelerate the energy transition through solutions like these, said Scatec CEO Terje Pilskog.
Scatec has established Lyra Energy Trading with Standard Bank South Africa and Stanlib. The trading platform is designed to connect electricity producers with private-sector buyers.
The arrangement means Norway’s support extends beyond the addition of solar generation. It also contributes to the development of a market in which private electricity producers can sell power directly to industrial customers in South Africa.
Guarantee designed to unlock project financing
Norad is providing Standard Bank South Africa with a guarantee of up to US$15mn, approx. NOK 150 million. The guarantee will cover part of the payment risk associated with private buyers purchasing electricity.
The guarantee is a key condition for lenders to finance the solar power plant. By reducing the risks associated with private-sector power purchasers, the mechanism is intended to enable investment in new renewable generation that commercial players may otherwise be unwilling to finance independently.
Per Fredrik Pharo, Director of the Department for Climate, Nature and Private Sector at Norad, said the guarantee is intended to support financing for the solar project while contributing to broader reforms in South Africa’s electricity market.
The purpose of this guarantee is to help secure financing for a planned 255 MW solar power plant in South Africa.
Per Fredrik Pharo, director of the department for climate, nature and private sector at Norad added that the initiative would also support a developing market structure in which private electricity generators can supply industrial customers directly.
"In addition, the guarantee will support the development of the power market, in which private producers can sell electricity directly to industry – an important part of the country’s power market reform."
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In the final webinar of its African Review-hosted 2023 campaign, Convergent Group explored its modern, eco-friendly concrete solutions for African projects
Such solutions – delivered to cut maintenance costs by eliminating hazardous silicate products – were showcased by company experts in the form of Jean-Claude Biard, SEO of Convergent Group SA; Mputu Schmidt, former CEO of Convergent Group SA and founder of Bondeko MB (exclusive distributor of Convergent Group in Africa); Carlos Garcia, technical and sales for ADI Group (Spanish distributor for Convergent Group); and Amritpal Singh Sura, external consultant for flooring treatments, former distributor of Convergent products in the Middle East.
“A number of projects we were doing in the Middle East required protection,” remarked Sura. “Longevity of protection requires a system which basically impregnates and becomes a densified surface as opposed to something which is topical and lifts off due to moisture migration. I found that being exposed to Convergent, it was important to stay focused on those systems in the Middle East. Jean-Claude, Mputu and I met several times in Dubai and there was emphasis on providing systems which were affordable and still ending up having a robust, lasting longevity of product. So you are not spending money all the time in order to maintain the finishes which you have already paid for.”
Over the course of the session, the participants guided the audience through the potential of cutting-edge lithium silicate technology for enhancing the protection of concrete surfaces, maximising cost-effectiveness and meeting sustainability targets.
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In a comprehensive webinar hosted by African Review, a panel of professionals associated with Convergent Group explored new generation lithium silicate technology and why it is emerging as the optimum solution for concrete floor protection.
Robert Daniels, editor of African Review, was joined by Jean-Claude Biard, CEO of Convergent Group; Mputu Schmidt, former CEO of Convergent and founder of Bondeko MB, an exclusive distributor of Convergent; Hicham Sofyani, president of Texol; Carlos Garcia, technical and sales for ADI Group; and Marc Puig, commercial manager of Comace Import.
Each providing a unique angle, the panellists combined to provide a masterclass around concrete treatments and the increasing challenges around them, explaining to attendees how to choose the right formula for their requirements and touching on issues such as why lithium densifiers are better than sodium and potassium densifiers.
Throughout the session, those watching were treated to informative case studies showcasing how Convergent eco-friendly products are increasing abrasion resistance, raising ease of maintenance, and ensuring the highest quality gloss retention.
By the end of the webinar, a majority of attendees (many of which had not had much experience with Convergent) expressed their interest in using the company’s new generation lithium silicate technology with the rest indicating their desire to learn more about Convergent and its products. Watch the webinar, in full, to discover why viewers were convinced and learn more about advanced floor care solutions for your operations.
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Presenting on an African Review-hosted webinar, Martin Provencher, global industry principal for mining, metals and materials at AVEVA, explored the digital transformation of mining operations and its impact on sustainability.
“Sustainability is becoming a key aspect for mining operations,” remarked Provencher. “If we look at the latest EY research on the top ten business risks and opportunities for mining and metals globally in 2023, ESG remains at the top. Of course, most companies have environmental goals or are expected to reach a net zero emission by 2050, which is a pretty aggressive target. Many of them are targeting 30% reduction by 2030; seven years from now. So there is a lot of action that needs to take place quickly to get there. It is possible to get there, but we need to make sure we are doing this correctly.”
Fast becoming a huge part of ESG initiatives is fleet electrification where particular progress is being made in underground mines. While some countries are certainly more advanced than others here, Provencher noted that 40% of total emissions from the mining industry come from diesel trucks, making EVs a very attractive low-hanging fruit for companies to pursue.
There are, however, a number of challenges associated with bringing in electric vehicles which remains a barrier for introduction. One of the predominant reasons, is the limited range of EVs against diesel counterparts. To mitigate this, Provencher continued, data management is key and ensuring a strong grasp of real-time information coming in will show operators when machinery needs to be charged, allowing them to plan effectively for maximum efficiency on site.
Indeed, this is but a small advantage that digitalisation can bring to the mining industry as it grapples to meet ESG goals while achieving production targets. By getting a better grip of their data and using it to empower tools such as artificial intelligence, advanced analytics and machine learning, companies can achieve tangible benefits such as reduce downtime, enhance worker safety, cut operating costs and, of course, ensure compliance with environmental regulations and targets.
Through the course of the webinar, Provencher outlined this in more detail and explored AVEVA’s suite of cutting-edge software solutions, specifically designed to help mining companies make progress on their digitalisation journey and empower their operations.
Watch the full webinar, completed with detailed case studies and an insightful Q&A session.
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Convergent, in association with African Review, has held a detailed webinar exploring the usage and effectiveness of lithium silicates and densifiers over traditional methods of concrete surface management which often struggle to meet the increasing challenges posed by concrete surface management.
Convergent experts including Mputu Schmidt, CEO of Convergent; Carlos Garcia, product manager end-user solutions, construction chemicals, Spain and Portugal for the RD Group; Matteo Mozzarelli, CEO of concrete Solutions Italia; and Jean-Claude Biard, global senior executive for the Convergent Group, presented across the session.
Together, they delved into the latest cost-effective application methods for long lasting finishing of concrete that can help reduce maintenance costs and avoid unexpected repair action. In addition, they examined the advancements in technologies that can sustain increased abrasion resistant stains and ensure gloss retention to the highest quality.
As part of the webinar, the representatives explored case studies including a case in DRC where a medical centre had been constructed with a low-quality concrete floor. The customer was considering completely replacing the floor but instead, Convergent put forward a special treatment with its 244+ Pentra-Sil lithium hardener, densifier and sealer. With this solution, Convergent can increase the hardness of a surface by up to 40% and therefore saved the customer significant recuperation costs over a complete replacement. Convergent were happy to report that the solution was perfect for the facility and the customer was pleased to avoid the extra construction work that would have been required for a complete replacement.
Watch the full webinar, including more information about Convergent’s innovative solutions.
Nuclear power could help meet Africa’s growing electricity needs, including rising demand from artificial intelligence (AI) and data centres, according to North-West University (NWU) principal and vice-chancellor Prof. Bismark Tyobeka
“It is a match made in heaven,” said Tyobeka, a nuclear energy expert, who made the case during an NWU public lecture on AI and nuclear power.
The argument comes as electricity demand from data centres is expected to rise sharply as AI develops.
The International Energy Agency (IEA) expects global data-centre electricity consumption to roughly double by 2030, although renewables are expected to meet a substantial share of the additional demand.
Tyobeka said many African countries would need additional reliable generation to support economic and technological growth.
“These two fields are converging to address one of the world’s most pressing energy challenges: delivering reliable, clean and secure electricity for a sustainable future,” he said.
“The need for more electricity therefore immediately accompanies our advances in artificial intelligence,” he said.
But we do not only need electricity, he added, we also need clean electricity.
Nuclear power can provide continuous, low-carbon electricity, while small modular reactors (SMRs) and microreactors are being developed as potentially more flexible alternatives to conventional plants.
“SMRs and microreactors are particularly well suited because their size allows them to be deployed almost anywhere. They can be built in factories,” said Tyobeka.
He also argued that AI could improve nuclear-plant safety and maintenance.“AI is a game changer,” he said.
“It can potentially enhance the safety features of nuclear power-plant designs. It can help us optimise the efficiency of nuclear power plants. It can also help us make rapid decisions across the entire nuclear value chain.”
However, nuclear projects face significant challenges, including high upfront costs, lengthy construction times, regulation, waste management and public acceptance.
“People do not trust AI as we sit here. People do not trust nuclear power as we speak. How do you secure buy-in from such suspicious people? Transparency is key.”
Tyobeka said nuclear investment could also support African mining, manufacturing and mineral processing.
“Nuclear power can enable Africa’s AI and industrial future. We have seen that the need is real and the opportunity is now.”
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Delta Heavy Equipment, a South African material handling company, has launched a redesigned website at www.deltahe.com, bringing its equipment, rental and support services together on a single platform
The company has operated in the material handling sector since 1998, building a customer base that spans individual machine operators as well as warehouses, factories, farms and logistics facilities across South Africa.
The new website provides an overview of Delta Heavy Equipment’s complete offering, including short- and long-term forklift rentals, new DeltaLift forklift sales, used and ex-rental machines, forklift parts, tyres and forks, lifting equipment, driver training and load testing support. Customers can also access branch information for Johannesburg, Durban and Cape Town.
A website designed around customer requirements
The redesigned platform organises the company’s services into dedicated sections, making it easier for customers to navigate directly to the equipment or service they require. These include Forklift Rentals, New Forklifts, Used Forklifts, Lifting Equipment, and Forks, Tyres and Parts.
The site also features a Knowledge Hub containing the company’s blog, video hub, machine gallery and a dedicated page covering the development of forklift technology. The gallery can be filtered according to different applications, allowing users to explore equipment used across various operating environments.
Customers can submit quote requests through the website using a location selector covering Gauteng, Cape Town and Durban. WhatsApp contact and 24/7 support options are also available throughout the platform.
Rental solutions focused on reducing downtime
Forklift rental continues to form a central part of Delta Heavy Equipment’s offering. The company provides both short- and long-term rental options, which can offer an alternative to the costs associated with purchasing and maintaining equipment.
Its vertically integrated model gives the company control over equipment, maintenance, parts and support, enabling it to provide rental solutions supported by its service infrastructure.
The rental offering is also designed to address equipment downtime. If a rented forklift becomes unavailable, Delta Heavy Equipment aims to repair, exchange or replace the machine as quickly as practical, helping customers maintain operations.
The website highlights several situations in which forklift rental can be suitable, including seasonal demand, temporary projects and sites, additional or replacement equipment, and continuing requirements at warehouses, factories and distribution centres.
DeltaLift forklifts for demanding applications
The New Forklifts section showcases DeltaLift forklifts available for purchase. The machines have been developed for South African operating conditions, combining established technology with robust construction and long warranties, supported by Delta Heavy Equipment as a direct importer.
The company also holds millions of rand worth of spare parts locally, supporting parts availability and after-sales service throughout the life of the equipment.
The DeltaLift portfolio includes diesel, petrol and LPG internal combustion forklifts, lithium-ion battery electric forklifts, three-wheel electric forklifts, rough terrain machines, reach trucks, very narrow aisle turret trucks, driverless AGV units, heavy-capacity forklifts and a 45-ton reach stacker.
Individual product pages provide information such as capacity, fuel type and specifications. Customers can also request a quotation directly from each product page.
Used equipment backed by existing support
The website’s Used Forklifts section caters to customers seeking ownership at a lower initial investment than purchasing new equipment. Delta Heavy Equipment supplies used and ex-rental forklifts at competitive prices.
Ex-rental machines offer an additional advantage because they come from Delta Heavy Equipment’s own fleet, meaning the company has maintained and operated the equipment itself. Buyers can continue to access Delta’s after-sales service, parts and technical support following the purchase.
This provides customers with used equipment supported by the company’s existing service and technical infrastructure.
Forklift parts and lifting equipment
Parts and related equipment form another major section of the redesigned website. Delta Heavy Equipment supplies parts for virtually all forklift makes and models, while its forklift tyre offering includes competitive pricing and professional on-site fitment.
The company also supplies new and replacement forklift forks and can assist customers in identifying the appropriate part for their equipment.
Its Lifting Equipment section includes the DeltaLift range of hydraulic hand pallet jacks, a high-lift pallet jack, a fork-mounted safety cage supplied with compliance documentation and a lithium-ion battery electric pallet jack.
Training, licensing and load testing services
Delta Heavy Equipment also provides services intended to support safe and compliant forklift operations. Forklift driver training and licences can be delivered at customer premises, allowing operators to receive practical instruction relevant to their working environment.
The company can also assist with load testing enquiries and associated forklift support. Load testing is used to establish whether equipment can safely lift and control its rated load and can help identify potential problems involving components such as hydraulic systems, masts, lift chains, forks, steering, brakes and safety systems.
These services are supported through the company’s Johannesburg, Durban and Cape Town branches.
Resources for forklift buyers and operators
The Knowledge Hub provides customers and operators with additional information alongside the company’s equipment and services. Its blog covers subjects including forklift rental, purchasing second-hand forklifts, selecting suitable equipment and safe forklift operation.
The hub also contains a video section and a gallery featuring Delta Heavy Equipment forklifts operating across applications such as mining, paving and brick manufacturing, plastics and packaging, recycling and scrap metal, tyre manufacturing and distribution, and warehousing and distribution.
A dedicated page tracing the evolution of the forklift provides further background on the development of the equipment and completes the Knowledge Hub offering.
Epiroc has launched the Pit Viper 276, a new rotary blasthole drill designed for soft rock surface mining applications
The latest addition to the Pit Viper range combines increased hole depth with enhanced drilling performance and scalable automation capabilities.
The Pit Viper 276 is designed to drill hole diameters ranging from 9 to 10 5/8 inches (229–270 mm) and can achieve drilling depths of up to 239 ft (73 m) with its five-rod carousel. The machine features increased rotary torque, larger P14 pumps and improved levelling capability of up to 10 degrees.
An expanded dust hood has also been incorporated to improve the dispersal of cuttings during drilling. These features are designed to support productivity, flexibility and drilling performance across a range of soft rock surface mining applications.
"The Pit Viper 276 combines proven performance with the flexibility customers need to meet today's production demands. From increased hole depth capability and improved leveling performance to higher torque, the PV-276 helps customers maximise productivity while maintaining the durability and reliability that have made the Pit Viper series an industry benchmark," remarked Cynthia Rodriguez, global product manager - Large Blasthole.
Scalable automation for surface mining
The Pit Viper 276 comes as standard with Epiroc's Rig Control System (RCS), providing a range of automation capabilities. These extend from onboard automation to teleremote operation and fully autonomous drilling.
Using the established RCS operating platform, the drill allows customers to select the level of automation suited to their operational requirements.
Safety and maintenance features
Safety features are integrated into the Pit Viper 276 design, including a FOPS-certified operator cab and RCS safety interlocks. An optional Live Work Elimination package is available to help reduce operator and technician exposure to hazardous tasks while supporting maintenance efficiency and machine availability.
The optional Automatic Bit Changer and Live Work Elimination solutions are designed to reduce manual intervention during drilling operations and routine maintenance.
Cable feed system supports drill string life
The Pit Viper 276 uses Epiroc's patented cable feed system with automatic cable tensioning. The system is designed to reduce wear on critical components and extend drill string life, helping to lower total cost of ownership over the machine's operating life.
With increased drilling depth, higher rotary torque, improved levelling, automation and safety features, the Pit Viper 276 extends Epiroc's rotary blasthole drill offering for soft rock surface mining.
The launch also highlights Epiroc's focus on applying automation, serviceability and machine performance improvements to specialised mining applications. By combining established Pit Viper platform features with new capabilities, the Pit Viper 276 is designed to support productivity, safety and operational performance in soft rock drilling.
MIGA issues US$62.6mn guarantee to Mota-Engil for Angola's Lobito railway corridor, boosting jobs and mineral trade. (Image source: MIGA)
The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group Guarantee Platform, has issued guarantees backing the modernisation of Angola's Lobito railway corridor, a move set to generate employment while strengthening the country's trade and logistics capacity for critical minerals vital to the energy transition
MIGA has provided US$62.6mn in guarantees to Portuguese construction firm Mota-Engil, covering its equity investments in Lobito Atlantic Railway, which manages the Lobito Corridor under a 30-year concession granted by the Angolan government. The company oversees the operation, upkeep, and long-term upgrading of roughly 1,300 kilometres of railway running from the Port of Lobito on Angola's Atlantic coast to Luau at the border with the Democratic Republic of Congo, along with a mineral terminal at the port.
The corridor provides one of the shortest and most cost-effective paths connecting the DRC's copper- and cobalt-rich Copperbelt to global export markets, cutting transit times well below those of existing road routes. Both copper and cobalt are critical to clean energy technologies such as EV batteries and energy storage systems, and demand for these minerals is projected to rise sharply in the decades ahead.
At full capacity, the project is expected to create more than 1,600 direct jobs, with Angolan nationals making up 97% of the workforce. The corridor currently employs around 945 workers, including 529 who transferred from state-owned rail and port operators — a shift that is helping build local skills across the route.
"The Lobito Corridor will play an essential role in creating jobs, strengthening trade, and supporting the global energy transition," said Tsutomu Yamamoto, managing director at MIGA.
"We are proud to support Mota-Engil and Lobito Atlantic Railway in this landmark project, which will bolster the country's trade and logistics infrastructure and boost Angola's economic competitiveness, while creating jobs for Angolans."
"The partnership with MIGA strengthens the conditions required to deliver an investment of this scale and reflects international confidence in the project and in the execution capabilities of its partners," said Manuel Mota, Vice-CEO of the Mota-Engil Group.
"For Mota-Engil, its participation in the Lobito Corridor represents the continuation of an 80-year commitment to Angola and the conviction that strategic projects must be built on strong partnerships, a long-term vision and the creation of sustainable value for the country and the wider region."
Through its political risk insurance, MIGA will shield Mota-Engil's equity stake in Lobito Atlantic Railway from risks including expropriation, war and civil unrest, and breach of contract.
Africa has an opportunity to convert geopolitical tensions and shifting global trade patterns into a catalyst for industrialisation and long-term economic resilience, according to a new Afreximbank report
Leveraging Geopolitics for Trade and Industrialisation in Global Africa examines trade and economic developments across the continent and globally, and outlines strategies for African nations to benefit from supply chain realignments and changing geopolitical dynamics.
“Africa stands at a critical juncture,” said Dr Yemi Kale, group chief economist and managing director of research and trade intelligence at Afreximbank.
“Geopolitical tensions and economic fragmentation are reshaping global trade patterns, but they also present a historic opportunity for the continent. By strategically leveraging these shifts, Africa can build a more resilient, competitive and inclusive economic future.”
Despite a challenging global backdrop, the report highlights Africa’s strong recent economic performance.
While global economic growth slowed to 3.4% in 2025 and is projected to ease further to 3.1% in 2026, Africa’s real GDP growth accelerated from 3.4% in 2024 to 4.5% in 2025, outperforming the global average.
Africa’s merchandise trade also expanded by 6.1% to approximately US$1.5 trillion, while aggregate inflation fell significantly from 21.6% in 2024 to 13.1% in 2025.
According to Afreximbank, these gains reflect improved macroeconomic management, ongoing policy reforms and the role of development finance institutions in supporting economic stability.
However, the report warns that significant structural challenges remain.
Africa’s trade finance gap is estimated at approximately US$74bn in 2025, limiting the continent’s ability to fully capitalise on trade and industrial opportunities.
The situation is compounded by foreign exchange constraints and a continued decline in correspondent banking relationships.
The report also notes that evolving shipping routes and persistent disruptions in global logistics networks are increasing freight costs and extending delivery times, particularly for economies dependent on imported inputs and external markets.
To strengthen resilience, Afreximbank identifies accelerated implementation of the African Continental Free Trade Area (AfCFTA), expansion of the Pan-African Payment and Settlement System (PAPSS) and reforms to the global financial architecture as key priorities.
The report notes that stronger industrial ecosystems, increased intra-African trade and sustained financial support will be critical if the continent is to transform geopolitical disruption into sustainable and inclusive economic growth.
“It is imperative for the continent to act decisively to strengthen regional value chains, deepen industrial capacity, expand access to trade finance, and accelerate continental integration,” said Kale, adding that Africa “cannot afford to delay.”
Read more:
Supply chain boost for African businesses
Beyond expanding battery production, the gigafactory is expected to generate significant economic benefits for Morocco.
The African Development Bank (AfDB) Group has approved a €100mn (approx. US$117mn) loan to Gotion Power Morocco to support the construction of an integrated lithium iron phosphate (LFP) battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone, marking a significant step in the development of Africa's electric vehicle manufacturing ecosystem
In addition to its direct financing, the Bank intends to mobilise up to a further €141mn (approx. US$165mn) from financial partners under the New African Financial Architecture for Development (NAFAD), where it will serve as the Mandated Lead Arranger. The blended financing package is designed to accelerate delivery of one of the continent's largest battery manufacturing investments.
Building Africa's battery manufacturing capacity
The project is being developed by Gotion High-Tech Co. Ltd., a leading global battery producer headquartered in Hefei, China, and listed on the Shenzhen Stock Exchange. Once operational, the facility will become the first fully integrated cathode-to-cell LFP battery manufacturing plant in both Africa and the Middle East and North Africa (MENA) region.
Phase one of the project will deliver an annual production capacity of 10 gigawatt-hours (GWh) of battery cells and battery packs for electric vehicles, with long-term plans to increase output to 100 GWh. The investment is expected to reinforce Morocco's position as an emerging global centre for electric mobility manufacturing and green technology supply chains.
The project also reflects growing investment in battery production as demand for electric vehicles and renewable energy storage continues to expand worldwide. By establishing large-scale local manufacturing capacity, Morocco aims to strengthen regional supply chains while supporting the transition towards cleaner transport and energy systems.
Kevin Kariuki, the Bank group's vice-president for Power, Energy, Climate and Green Growth, said, "Battery storage is the missing link in Africa's clean energy transition. A facility of this scale, powered primarily by renewable energy, strengthens the foundations for the large-scale integration of solar and wind power, which our grids increasingly depend on. This is exactly the kind of project that will deliver reliable, low-carbon energy while creating green industrial jobs and building the resilient value chains Africa needs to sustain its energy transition."
Supporting industrial growth and local value creation
Beyond expanding battery production, the gigafactory is expected to generate significant economic benefits for Morocco. During its initial phase, the development is projected to create more than 600 direct jobs while achieving a 70% local industrial integration rate, supporting skills development and strengthening domestic manufacturing capabilities.
The project is also intended to encourage the growth of local supplier networks and increase value addition within Africa's critical minerals sector, helping retain more economic value from resources that are essential to global energy transition technologies.
Achraf Tarsim, the African Development Bank group's country manager for Morocco, commented, "This gigafactory will be a major catalyst for strengthening Morocco’s industrial competitiveness and for accelerating its emergence as Africa’s manufacturing hub for sustainable mobility industries. It will help foster an African industrial ecosystem for batteries and electric vehicles while promoting the local beneficiation of critical minerals essential to the energy transition."
Advancing Africa's clean energy ambitions
The investment supports the African Development Bank Group's Four Cardinal Points strategic vision by promoting resilient infrastructure, accelerating industrialisation, increasing value addition to Africa's natural resources and strengthening regional integration.
As demand for battery storage continues to rise alongside renewable energy deployment and electric vehicle adoption, projects of this scale are expected to play an increasingly important role in positioning Africa within global clean energy and electric mobility value chains. By expanding domestic battery manufacturing and energy storage capabilities, the initiative is set to support the continent's transition towards a lower-carbon economy while enabling wider deployment of renewable energy technologies.
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