{"id":76870,"date":"2023-04-06T02:35:14","date_gmt":"2023-04-06T02:35:14","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/06\/egypts-orascom-investment-holding-set-to-invest-in-renewables-and-trading-in-africa\/"},"modified":"2023-04-06T02:35:14","modified_gmt":"2023-04-06T02:35:14","slug":"egypts-orascom-investment-holding-set-to-invest-in-renewables-and-trading-in-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/06\/egypts-orascom-investment-holding-set-to-invest-in-renewables-and-trading-in-africa\/","title":{"rendered":"Egypt\u2019s Orascom Investment Holding set to invest in renewables and trading in Africa"},"content":{"rendered":"

<\/a> OIH sees potential in Africa\u2019s renewables: <\/strong>Orascom Investment Holding\u2019s (OIH) board of directors approved investments in EVs and a trading platform to boost intra-Africa trading and logistics services this week, according to the board\u2019s minutes (pdf)<\/a>. OIH did not disclose the size of investments.<\/p>\n

The details: <\/strong>The investment in the electric mobility sector will provide for two and three-wheeler EVs and will launch in Egypt before expanding later in Africa, OIH CEO Marwan Hussein told Enterprise. He said the project was a JV with an unnamed company operating in the country without providing further details. It would launch in 2H 2023, he added.<\/p>\n

We knew this was coming:<\/strong> The announcement comes months after OIH Executive Chairman Naguib Sawiris expressed his company\u2019s interest<\/a> in investing in renewables in Africa and EV charging stations. The Egyptian business mogul showed particular interest in Morocco\u2019s green sub-sectors including EV charging stations and solar plants, saying that OIH is ready to invest up to USD 100 mn over \u201cthe coming years.\u201d<\/p>\n

REMEMBER- <\/strong>Morocco \u2014 which is already a regional automotive powerhouse \u2014 has a thriving EV assembly industry<\/a> with plans to make it bigger. Several global manufacturers produce hundreds of thousands of EVs at assembly facilities in the country. Morocco is targeting the production of around 1 mn EVs in the next three to four years, according to statements by officials last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

OIH sees potential in Africa\u2019s renewables: Orascom Investment Holding\u2019s (OIH) board of directors approved investments in EVs and a trading platform to boost intra-Africa trading and logistics services this week, according to the board\u2019s minutes (pdf). OIH did not disclose the size of investments. The details: The investment in the electric mobility sector will provide […]<\/p>\n","protected":false},"author":1,"featured_media":76871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[11,64,151,45,1561,1116,1562],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseclimate","tag-evs","tag-investment-watch","tag-morocco","tag-naguib-sawiris","tag-orascom-investment-holding","tag-trading","wpautop","entry"],"acf":{"mongo_id":"00e0c3e7-8fda-4785-8dfd-072dc89480c5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/NaguibSawiris-1600px.jpg","photo_position":"above","related_issue":[76865],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Orascom Investment Holding set to invest in renewables and trading in Africa - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/06\/egypts-orascom-investment-holding-set-to-invest-in-renewables-and-trading-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Orascom Investment Holding set to invest in renewables and trading in Africa\" \/>\n<meta property=\"og:description\" content=\"OIH sees potential in Africa\u2019s renewables: Orascom Investment Holding\u2019s (OIH) board of directors approved investments in EVs and a trading platform to boost intra-Africa trading and logistics services this week, according to the board\u2019s minutes (pdf). 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