Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

World News

Can Africa’s EV revolution support rural women?

by admin April 16, 2025
April 16, 2025
Can Africa’s EV revolution support rural women?

Africa’s electric vehicle (EV) market is accelerating. But so far, one particular group of potential users — rural women — has largely been left behind, with investors favoring electric motorbike start-ups that serve a predominantly urban and male clientele. One company thinks it has the answer: electric tricycles.

“The boys with the two-wheelers get all the money,” said Shantha Bloemen, founder of Mobility for Africa, a Zimbabwean start-up with a 77% female customer base and one of a handful of EV companies in Africa operating solely in rural areas. Bloemen exclusively supplies tricycles, generally preferred by female riders in rural areas due to their non-straddling seat and greater stability on uneven roads. “Three-wheelers mean you’re inclusive of women,” she said.

Bloemen sees tricycles as the key to unlocking for rural women the potential of Africa’s EV market, which is expected to grow to $28.3 billion by 2030, according to data from Mordor Intelligence. She wants the continent to follow in the footsteps of Asia-Pacific, where tricycles are popular. “I want to be everywhere,” she said, “I want to be the queen of tricycles.”

For her customers, the vehicles, designed to cope with the unsurfaced roads, are transformative. “It has changed (our) way of life,” said Beauty Simango, 33, resident of the Zimbabwean village of Hauna and, since May last year, one of more than 300 people to lease or buy an electric tricycle from Mobility for Africa.

Simango no longer spends hours each day walking to fetch water or deliver crops to the market. By transporting goods and running a taxi service, her weekly income has increased from $30 to $150, although she now pays $65 towards her lease and regular battery swapping. Within 12 months, she will have paid off the price of the vehicle ($2,340). With her weekly profit, Simango pays her children’s school fees and funds farming projects. “It has helped our self-esteem as women,” she added.

But Mobility for Africa has struggled with a lack of investment. While Bloemen has raised a total of $6 million since 2019, half of which is from grants, including $380,000 from the Toyota Mobility Foundation, companies selling motorbikes in cities have been far more successful. Ampersand in Rwanda, whose clientele is, according to CEO Josh Whale, “overwhelmingly” male, raised over $21 million in a single year ending in August 2024. Spiro, the giant of the sector, has tens of millions of dollars in financing.

Most EV companies are focused on urban areas due to greater population density, said Tom Courtright, research director at the Africa E-Mobility Alliance think tank. Currently, most electric bikes and trikes must regularly swap their batteries at purpose-built facilities (Mobility for Africa currently has six such facilities) — but the cost of building and running these facilities can deter investors in areas with low populations. Currently, Courtright said, “urban areas are a better bet.”

For now, women in rural Africa must wait for the EV revolution to reach them. “Things are definitely moving in that direction,” said Ampersand’s Whale, “it’s just that the low hanging fruit is in the cities.”

This post appeared first on cnn.com

previous post
CDC eyes narrower COVID-19 vaccine guidance ahead of 2025–2026 season
next post
Ecuador ‘would love to have US forces’ helping in gang crackdown, president says

Related Posts

‘Where are we supposed to go?’ Israel’s West...

March 1, 2025

Trump’s threat to annex Canada ‘a real thing,’...

February 8, 2025

At least 50 die in Guatemala after bus...

February 11, 2025

October 7 families demand to know the number...

May 8, 2025

Poland blames Russian intelligence for arson attack on...

May 12, 2025

Frontrunner for German Chancellor vows stricter immigration policies...

February 4, 2025

Spain and Portugal hit by major power outage,...

April 29, 2025

Russian attacks kill dozens of Ukrainians as Kyiv’s...

June 25, 2025

British government takes over running of UK’s last...

April 13, 2025

Isolated Indigenous man makes brief contact with outside...

February 16, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 2

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Rare Earths Stocks: 9 Biggest Companies in 2025

      April 8, 2025
    • 5

      Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

      September 19, 2025
    • 6

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 7

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2026 daytradingreports.com | All Rights Reserved