Browsing: EVs

• South Africa is set to host Africa’s Green Economy Summit starting February 22, 2023, in Cape Town.  
• The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.
• Africa’s Green Economy Summit will bring together stakeholders deliberating investment prospects in the green economy. 

Cape Town is ready to host Africa’s Green Economy Summit that connects global capital and green economy projects starting February 22 to February 25, 2023.  

The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.

Speaking ahead of the conference, Western Cape Premier Alan Winde said there is huge potential in the Western Cape’s green economy.

 “The economy is bristling with opportunity even in the face of the …

• Elon Musk, Tesla, and SpaceX command a cult following from legions of fans worldwide.
• Musk’s fortune tumbled by a staggering 60% in 2022 according to reports by Forbes and Guinness.
• Forbes magazine broke the news that Musk, the Tesla boss was no long the wealthiest person on the planet. He lost this position to Bernard Arnault of LVHM.

The billionaire’s interest in electric car maker lost more than half of its value in 2022 as shares in Tesla lost over 60% according to a report by Forbes which was quickly adopted by Guinness. Amazingly, despite the substantial loss of value of Musk’s Tesla shares he is still the second wealthiest person on the planet.

This is likely attributable to the high valuation that the market still attaches to the electric car manufacturer’s shares. Shares of the EV company began to tumble when investor’s lost confidence in the billionaire’s ability to …

Copper production is set to resume at Alaska Mine in Chinhoyi after a US$6 million capital injection by Chinese investors in partnership with the Zimbabwe Mining Development Corporation (ZMDC). The total capital injection required is US$12 million and so far, a Chinese investor, Grand Sanyuan Copper Resources has poured in half the amount.

As far as June 10, 2021, ZBC News said the majority of the funds will be channelled towards the construction and refurbishment of a flotation plant, a smelter, and an electrolysis refinery, with an environmental impact assessment completed.

The Alaska Copper smelting plant has been closed since 2000, but has now been resuscitated and is expected to be fully operational by July this year with a target to produce 300 tonnes of copper per day.…