Alternet Systems Inc (ALYI)

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$ALYI Africa is urbanizing faster than any other continent, at a rate of 4% every year, compared to the global average of 2%. Its rapidly growing urban population continues to strain existing infrastructure - transport and energy, in particular.

Firstly, sub-Saharan Africa’s transport is almost entirely fuel-based. This creates a cost burden for citizens and a fiscal burden for countries. In Nairobi, residents spend 14-30% of their income on transport. To protect consumers from ever increasing fuel prices, African governments heavily subsidize fuels, at an average cost of 1.4% GDP. https://www.weforum.org/agenda/2018/07/sub-saharan-africa-electric-vehicle-revolution-evs/