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First Electric Minibus Taxi Coming to South Africa – Project Team aims to Accelerate Green Mobility Adoption

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GoMetro has convened a project team of innovative companies and researchers to launch a demonstrator project to test the first minibus in South African conditions by January 2023

CAPE TOWN, South Africa, June 9, 2022/APO Group/ — 

As the fuel price hits historic highs, commuters are starting to feel the pinch in increasing transport fares. The typical South African commuter already spends up to 40% of their income on transport and the minibus taxi sector is still struggling from the impact of the last two years on their operations.  However, relief could be possible from an unlikely source – electric minibus taxis.  Privately-owned minibus taxis are ubiquitous in sub-Saharan Africa and carry more than 70% of daily commuters.

A project team of companies and research institutions today announced a research partnership to investigate and advance the feasibility of an electric minibus taxi in South African conditions by testing production vehicles in South Africa in 2023.

For the last five years GoMetro, a global mobility management technology company with its head office in Cape Town, has collected data on taxi operations across South Africa.  In order to advance e-mobility development locally, GoMetro has convened a project team of innovative companies and researchers to launch a demonstrator project to test the first minibus in South African conditions by January 2023.

The project team, consisting of GoMetro, MiX Telematics, HSW, ACDC Dynamics, and various entities within Stellenbosch University’s Faculty of Engineering, will conduct rigorous and extensive testing in and around the town of Stellenbosch, as well as putting the electrification of the minibus taxi sector firmly on the national agenda by means of an educational roadshow in all nine provinces in the course of 2023.

A number of viable electric minibus taxi models from various markets have been identified, the first of which will be on South African shores by the end of the year. The acceptance and practicality of the model will be extensively tested with taxi owners and drivers, in order to identify the use-cases and conditions where an electric taxi would make the most sense.

“Taxi drivers and owners are very interested and intrigued by the idea of an electric minibus taxi, and are constantly asking us when the first electric minibus taxi will arrive on our shores”, says Justin Coetzee, GoMetro CEO. “We have built valuable relationships with a large number of taxi associations, and the ever-increasing fuel price is a massive concern among owners, drivers and riders alike, as there does not seem to be any relief in sight. The industry has long acknowledged that business as usual will not suffice – and that change is required, especially after the effects of COVID-19”.

First Electric Minibus Taxi Coming to South Africa – Project Team aims to Accelerate Green Mobility Adoption

Taxi drivers and owners are very interested and intrigued by the idea of an electric minibus taxi, and are constantly asking us when the first electric minibus taxi will arrive

The aim of testing different models over the coming months, is to establish which vehicle will be best suited to the South African public transport industry, and what spectrum of operations are conducive to the range capabilities of the vehicles. In addition to testing the vehicle itself, the project team wants to engage with the automotive sector and policy makers to encourage proactive discussions with the government around the reduction of duties and the promotion of the adoption of electric vehicles in the transport sector.

“Since MiX Telematics is at the forefront of innovation and leveraging new technologies to improve fleet operations and efficiency,  we are very excited to be part of this pioneering initiative. We have seen the adoption of electric and hybrid vehicles increasing exponentially in Europe, and so look forward to learning how we can support these solutions in the South African context,” says Catherine Lewis, Executive VP of Technology at MiX Telematics.

Professor Thinus Booysen, Research Chair in the Internet of Things at Stellenbosch University, will lead the team of testing experts. “The informal taxi sector must transform to EVs, but little is known about their energy requirements. This unknown is overshadowed by our energy scarcity and coal dependence on the electricity supply side. This collaborative project will ensure we are prepared for and carefully manage this exciting transition,” says Booysen. The electric minibus taxi will be showcased at the Stellenbosch University campus.

According to Dr Bernard Bekker, Associate Director of Stellenbosch University’s Centre for Renewable and Sustainable Energy Studies (CRSES), the future electrification of the transport section in South Africa raises significant technical and regulatory challenges related to integrating electric transport into our existing grid infrastructure. These challenges are in many ways unique to South Africa, where minibus taxis will potentially represent a much larger proportion of the future electrical fleet than for example Europe or the USA. “The availability of a real-life electric minibus taxi to inform our research activities will provide very valuable inputs into addressing these challenges.”

“The minibus taxi is ubiquitous in the South African landscape moving millions of people over the years, contributing to getting South Africa to work – unfortunately in an environmentally unsustainable manner. ACDC Dynamics is proud to be part of the change that will be brought to this industry as it adopts electric/ battery powered taxi’s through our capabilities to supply battery charging networks across the country,” says Mario Maio, Founder and Managing Director of ACDC Dynamics.

“HSW is passionate about bringing manufacturing local. The Western Cape has all the technical skills and resources to set up manufacturing facilities in support of such an initiative. There are already existing Electronic Manufacturers who have world class capabilities in the Manufacturing of electronic products such as Barracuda Holdings who is one of HSW’s key customers as evidence that this type of hi-tech manufacturing technology is already available locally,” says Ryan Webb, Managing Member HSW.

Electric vehicles (EVs) are heralded as a silver bullet to globally decarbonise the transport sector. The development of low-carbon transport in cities is part of the global agenda to delay climate change and relates to many of the United Nations’ Sustainable Development Goals. While EV sales have increased substantially in the Global North and many global vehicle manufacturers plan to stop production of combustion engines as early as 2030, in sub-Saharan Africa (SSA), the transition to EVs continues to be painstakingly slow. This research project aims to accelerate this transition to cleaner and greener mobility.

Distributed by APO Group on behalf of GoMetro.

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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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May 8, 2026

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A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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May 8, 2026

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With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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May 8, 2026

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Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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