Tanzania, Aug. 5 -- Dar es Salaam. Tanzania's transition to cleaner and more sustainable transport has received a major boost following the launch of EVOLVE, a Sh2.6 billion (€872,580) initiative that will finance and nurture electric mobility businesses across the country.

The 24-month programme, officially launched in Dar es Salaam by Enabel, Mercy Corps and NMB Foundation, seeks to unlock the growth potential of start-ups and micro, small and medium-sized enterprises (MSMEs) operating in Tanzania's emerging electric mobility ecosystem.

Funded by the European Union under its Global Gateway strategy through the Tanzania Gateway for Transport, Trade and Environment (T-GATE) project, EVOLVE combines financial support with business ...