Tima Networks to create $100m Fund with AEC
Orisemeke Benjamin
The African Energy Chamber (AEC) signed two Memoranda of Understanding at the Invest in African Energies Forum in Shanghai on Thursday.
The deals support China-Africa energy ties by facilitating partnerships and technology exchange between Chinese and African companies.
The first deal, signed with B2B technology company Tima Networks, will see the company bring its automated fleet management technology to Africa. Tima Networks is a software company that utilizes Artificial Intelligence to enhance EV efficiency and management, promoting technology-driven transportation.
The partnership will work to implement this innovative fleet management technology across Africa, supporting the utilization and adoption of EVs across the continent.
The second deal, signed with Yunan County Chuangxing Industrial Investment Group, was a Strategic Cooperation Framework Agreement aimed at facilitating interactions between the Chinese and African energy and chemical industries. Under the terms of the deal, the parties will work together to encourage African firms and projects establish themselves in the Yunfu Yunan Industrial Park.
The parties will also establish a platform for technological exchange and resource-sharing between Chinese and African enterprises to support sustainable development.
