African Development Bank Group and Hyundai Motor Group Exchange Letter of Intent to Explore Cooperation on Africa's Green Industrialisation
Cote Dlvoire, Sept. 17 -- The African Development Bank Group and Hyundai Motor Group have agreed to explore cooperation in sustainable mobility and industrial development in Africa, under a Letter of Intent exchanged during a Bank delegation's visit to the automaker's Seoul headquarters on 8 September 2026.The Letter of Intent outlines six areas for cooperation: (i) clean energy transition, including renewables and green hydrogen; (ii) sustainable mobility; (iii) transport and logistics infrastructure; (iv) electric vehicle value chains leveraging Africa's critical minerals; (v) industrial manufacturing capacity; and (vi) talent development for the mobility and energy sectors.The Bank Group's Chief Economist and Vice-President for Economic ...
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