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African EV Platform Spiro Raises Another $55 Million
African electric mobility firm Spiro has raised another US$55 million from Chinese early-stage investor NewTrails Capital, three weeks after raising $215 million.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Shell Foundation, the FCDO and Kinetic Green Announce Partnership to Pilot Electric Two and Three Wheelers for African Markets
The partnership is supported by catalytic capital provided by Shell Foundation and the FCDO through its RIDE programme and the Transforming Energy Access (TEA) platform. This
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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New Report Highlights USD 4 Billion EV Charging Investment Opportunity Across Emerging Economies
Joint analysis by C40 Cities and the International Finance Corporation (IFC) outlines practical pathways for emerging-market cities to scale charging infrastructure and accelerate electric mobility adoption.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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DACF and Wahu Mobility Partner to Roll out 5,000 Electric Motorcycles Across Ghana
The pilot programme operationalises a Memorandum of Understanding between the Government of Ghana and Wahu Mobility, a Ghanaian manufacturer of smart electric two-wheelers.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Spiro Raises $215 Million as Race for Africa’s EV Market Heats Up
The round, backed by investors including Impact Fund Denmark and Equitane, comes four months after Spiro secured $50 million in debt financing and less than a year after a separate $100 million equity raise led by Afreximbank’s Fund for Export Development in Africa (FEDA).
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Bolt Hikes Kenya Fares by 6% as Drivers Struggle With Rising Fuel and Living Costs
Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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dLocal and inDrive Launch Cashless Rides in South Africa
The partnership also aims to reduce driver exposure to fraud by lowering dependence on cash, though cash remains available for passengers who prefer it.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Africa’s Firms are Not Growing—New Data Reveal a Jobs Challenge
Across 48 Sub-Saharan African economies, a firm that has operated for nearly three decades employs barely twice the workers it had at birth. The gap relative to high-income economies is large, structural, and costly.
- Categories
- Agriculture, Energy, Finance, Health Care, Investing, Social Enterprise, Technology, Telecommunications, Transportation, WASH
- Region
- Sub-Saharan Africa
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