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Originally published by The Standard BusinessJanuary 8, 2026
21h ago
Chinese electric vehicle manufacturers accelerate Africa expansion

African demand for electric and hybrid vehicles has been steadily rising, driven by urbanisation, rising fuel costs, and government incentives for greener mobility...
✨ Key Highlights
Chinese electric vehicle (EV) manufacturers are rapidly expanding into Africa, driven by rising demand, urbanization, and the need to diversify beyond Western markets. Okla Global, a Hong Kong-based automaker, is accelerating its expansion through a strategic partnership with Treadway Investment Bank.
- Okla Global plans to build manufacturing and assembly plants in Zimbabwe, South Africa, Nigeria, Kenya, and Egypt.
- Treadway Investment Bank will provide corporate finance expertise, facilitate government and private sector partnerships, and help navigate regulatory frameworks.
- Africa's EV market, though currently small, exhibits among the fastest growth rates in emerging regions, attracting companies like BYD, Chery, and Geely.
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