DAWN July-August 2020

Page 48

Development

1st Ethiopian-Assembled All-Electric Hyundai Ioniq Roll Haile Gebrselassie’s Marathon Motor Engineering Plant By David Whitehouse Marathon Motor Engineering, a joint venture between Hyundai Motor Company and Olympic Champion Haile Gebrselassie, has started assembling the all-electric Hyundai Ioniq in Ethiopia. We must say this is an awesome move by Marathon Motor Engineering and Hyundai to jump straight in with an all-electric car. We recently shared progress on VW’s first assembly plant in Ghana that is now producing several ICE models in Accra, including the Tiguan and Tremont SUVs, the Passat, Polo, and the Amarok Pickup. We strongly believe VW should have included some EVs as part of the lineup. One of the comments on that story from one of our readers, Geo Willingham, added that: “It would have guaranteed futurelooking jobs (rather than training at least some people on legacy hardware) and been better for the country as a whole, not to mention the people that buy them, etc.” In his Tweet, Abiy Ahmed Ali, the Prime Minister of the Federal Democratic Republic of Ethiopia, says, “As we transform Ethiopia’s greening & climate resilient aspirations into concrete actions through the #GreenLegacy initiative, this morning I received the first electric car fully assembled in Ethiopia. No emission cars can help reduce pollution.” Really exciting times for Ethiopia. Clean and renewable hydropower dominates Ethiopia’s energy generation mix, contributing around 90% of the installed generation capacity. The electricity tari s are also very favorable, with residential 48

July-August 2020

tari s at around $0.06/kWh. Driving EVs in Africa is a whole lot cheaper than driving ICE, as we have covered previously here. A study by AfricanEV reveals just how good driving the Hyundai Ioniq EV and several others can be in Ethiopia. It costs just $0.92 to drive the Hyundai Ioniq over a 100 km trip in Ethiopia, where as the same trip in a Toyota Corolla would cost you $5.37. The Hyundai Ioniq has been well received in Europe and in other markets where it has been launched. A lot of pundits have been impressed with its e ciency. Bjorn Nyland gave the Ioniq a very glowing review. Another critically acclaimed EV is the Hyundai Kona, and to show that the transition to electromobility is happening much faster than most people think, Hyundai has sold DAWN

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Literature Beyoncé's "Black Is King" Trailer Features Lupita Nyong'o, Jay-Z, and More

6min
pages 96-99

African Continent and the World Resource Vault

7min
pages 102-106

Ghana Library Showcases Black and African

3min
pages 94-95

Kenya’s 3D Printing Community Making

1min
page 92

Covid-19 Equipment Banking On Thorium

1min
page 93

Alphabet’s Loon Balloons Provide their fi rst Commercial Internet Service in Kenya

1min
page 91

Botswana: Lab Tests to Solve Mystery of Hundreds of Dead Elephants

3min
pages 89-90

Tesla Talent Call Out

1min
page 88

Changing the African Narrative

5min
pages 86-87

Startups – if You’re Not African It is Time to Fund the Future

5min
pages 84-85

Silicon Valley has Deep Pockets for African

8min
pages 80-83

Even Though Less Than 1% of Venture Capital

6min
pages 75-77

Mozambique: The Next Great LNG Player

5min
pages 78-79

Africa's Largest Oil Refi nery Opens Next Year

0
page 73

This New Crowdfunding Platform is Designed to Support Women Entrepreneurs Globally

2min
page 74

Terms with a Growing Diaspora’s Dual Citizenship Biden's VP Pick: Why Kamala Harris Embraces her Biracial Roots

14min
pages 65-69

African Countries are Having to Come to

5min
pages 62-64

Launch of the “Decade of African Roots and Diasporas

2min
page 61

My Roots in Africa" is Fighting Deforestation in Africa

6min
pages 50-53

100,000 Trees to be Planted in Seychelles by

1min
page 54

Xmas with Help from Jobless Tourism Workers Community Tree Planting - Food & Trees for Africa

2min
page 55

1st Ethiopian-Assembled All-Electric Hyundai

3min
pages 48-49

Zambia: Zanaco to Enter Micro-Finance as Part of Digital Push, says CEO

3min
pages 46-47

How France Extorted Haiti for one of the Greatest Heists in Geopolitical History

8min
pages 42-45

Competition for African and African American Female Entrepreneurs 7 of the Best Free Online Business Classes for Aspiring Entrepreneurs

4min
pages 39-40

USADF C.A.R.E.S

2min
page 41

Federal Democratic Republic of Ethiopia

7min
pages 30-33

Republic of Zambia

6min
pages 34-37

WPEC Launches 'Titans Tank' Virtual Business

2min
page 38

What is #BlackPoundDay?

2min
pages 22-23

The History of Black Management Reveals an Overlooked Form of Capitalism

15min
pages 24-29

8 Steps to Choose a Reliable Trade Fair for

7min
pages 10-12

The Startup Movement is Globalizing: New Report Proves It

4min
pages 16-17

Zambian Company Spots Opportunity for

2min
page 21

Kenya and Nigeria are Leading Africa’s Push to Start Taxing Silicon Valley’s Global Tech Giants

6min
pages 18-20

ABA Publisher's Message 02

5min
pages 4-7

Your Export Business Zimbabwe Signs $3.5 Billion Compensation

2min
page 13

Andela is Expanding Across Africa after Shutting Down its O ces and Going Remote

3min
pages 14-15

Trade Shows: What's Next?

5min
pages 8-9
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