Morocco’s gigafactory project and EV ecosystem have been boosted with the $280 million new investment announced Wednesday by Chinese Tinci Company for its plant to be built in the North African Kingdom. The new factory will produce and sell lithium-ion battery materials. It will also help the Chinese firm to better serve the European market, […]
The Democratic republic of Congo’s authorities will relocate some 10,000 families from a south-eastern town rich in cobalt estimated to be worth billions of dollars, local media reported. The mineral-rich nation produces 60% of the world’s supply of cobalt. The mineral is used to produce lithium-ion batteries used to power electric cars, laptops and smartphones. […]
The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework (“FIF”), to finance micro, small, and medium enterprises (MSMEs). The program, according to the EBRD website, will support BM’s lending to private MSMEs in Egypt, where […]
