June 3

Africa CEOForum: Afreximbank Announces a $50 Million Line of Credit for Spiro’s EVs

By Benoit-Ivan Wansi

Start-up Spiro’s presence at the 11th Africa CEO Forum in Kigali, Rwanda, was not in vain. While there, the mobility start-up secured a $50 million credit facility with the Export-Import Bank (Afreximbank). This line of credit will accelerate the expansion of its electric motorbikes in Africa.

On 16 and 17 May 2024, business and government leaders from 73 countries gathered in Kigali, Rwanda, for the Africa CEO Forum. The 11th edition of this event, considered to be the “African Davos”, enabled the 2,000 participants to put into perspective the role of the private sector in the process of sustainable development on the continent.

Photo courtesy of

Source: Afrik21 (link opens in a new window)

electric vehicles, global development, lending, startups