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Spiro Secures $50 Million to Boost African Expansion
Spiro, Africa’s electric mobility leader and battery swapping pioneer, today announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa's largest-ever electric mobility investment.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Proparco Grants Wema Bank a First €5 Million Guarantee to Finance Impact-Driven MSMEs in Nigeria
Proparco is granting a NGN 9 billion ARIZ portfolio guarantee (equivalent to €5 million) to Wema Bank in Nigeria. This marks the first collaboration between the two institutions.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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NSIA, JICA Plan $50 Million Fund to Empower Startups in Nigeria
The fund will provide capital to pre-seed, seed, and early-stage start-ups, addressing critical social challenges in sectors such as agriculture, healthcare, education, energy, waste and water management.
- Categories
- Agriculture, Education, Energy, Finance, Health Care, WASH
- Region
- Sub-Saharan Africa
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Africa Emerges as World Fastest-Growing Solar Market in 2025 – Report
Africa’s solar adoption is gradually becoming mainstream market.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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African Development Bank, Asian Infrastructure Investment Bank Join Forces to Expand Clean Energy Access Across Rwanda
The addendum builds on the Board’s July 2025 approval of a $200 million African Development Bank Group loan and formalises the $100 million AIIB co-financing arrangement as part of a total programme cost of $300 million.
- Region
- Sub-Saharan Africa
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Polysmart Invests $60 Million in Nigeria’s Largest Plastic Recycling Plant
The plant will be the biggest of its kind with an input capacity of 100,000 tons of mixed plastics, significantly increasing the region’s overall recycling capacity and diverting vast amounts of plastic waste from landfills and waterways.
- Categories
- Environment, Investing, WASH
- Region
- Sub-Saharan Africa
- Tags
- circular economy, recycling, waste
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Anthropic and the Government of Rwanda Sign MOU for AI in Health and Education
Anthropic says, "Together, these partnerships reflect a long-term collaboration that prioritizes capacity building, responsible deployment, and local autonomy over how new technologies are introduced."
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
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Viewpoint: ‘Clean Energy for People and Planet’ Must Start With African Realities
For Africa, the clean energy agenda cannot be framed as a matter of global urgency translated into continental compliance. It must be ‘glocalised’, by adapting to local political economies, governance realities, historical trajectories of (under) development, and importantly, a consideration of indigenous energy systems.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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