Tima Networks To Create $100M Fund With African Energy Chamber (AEC)

The African Energy Chamber (AEC) – the voice of the African energy sector – 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.

The Invest in African Energies Forum in Shanghai served as a prelude to the African Energy Week (AEW): Invest in African Energies conference, slated for September 29 to October 3 in Cape Town. As the largest event of its kind in Africa, AEW: Invest in African Energies fosters collaboration and investment in Africa. For Chinese companies, the event offers a strategic opportunity to gain insight into African projects while strengthening ties with African firms.