Mobility Rising, 21 May 2025
The expected minimum salary for top finance leaders in Africa’s fast-growing electric mobility sector is $77,000 per year, while $109,000 is considered the average retention benchmark above which the risk of poaching is much reduced. In exceptional cases, top finance salaries at mobility multinationals can rise to $205,000, though all this varies by country.
By “leaders” we mean the top functional posts in a company. Our benchmark data is for mid-size companies and assembled in partnership with Shortlist, a top recruitment agency in Africa.
In renewables sales, top leaders tend to earn between $59,000 and $89,000, with a premium rate of $127,000. Marketing and communications leaders make between $55,000 and $77,000, while the premium rate is $109,000. [See more here]
Mobility Rsing, 16 September 2025
The number of senior employees at Africa’s 25 largest EV companies grew by 1,429 over the past one year, according to LinkedIn data analysed by Mobility Rising. This is a 34% rise to 4,172 senior staff the companies now employ, underlining their fast growth. Six of the 25 companies we analysed reduced their workforce over the 12-month period to September.
Sales is one of the fastest-growing functions at the companies, with 441 (10.5%) of the staff employed in sales roles. Of these, 152 were added during the past one year.
The average experience of staff at the companies is 7.2 years, indicating a preference for employees with industry know-how. The average tenure is just 1.8 years, highlighting the youth of the companies. [See more here]
Renewables Rising, 7 May 2025
African renewables received $1.4 billion in 10 funding deals, six times less than in March, according to the Renewables Rising funding database. Both established companies and startups benefited, with the Nigerian energy startup Arnergy securing $18 million in Series B funding to expand its operations. Only Nigeria secured more than one funding deal.
Despite the decline in funding, over $27.2 billion was pledged. Italian energy company Eni announced plans to invest $27 billion across Algeria, Libya and Egypt over the next four years.
Loans and grants accounted for 55% of the total funding received. Mauritania received the highest amount of such funding at $289 million to develop solar power generation and transmission and accelerate its energy transition. [See more here]