-
Korean Firm Kia Will Invest $649 Million in Mexico to Begin Production of Electric Vehicles in the Country
Economy Secretary Marcelo Ebrard said, “In a time of such uncertainty regarding the automotive industry, tariffs, new rules, etc., etc., the fact that this decision is being made means that this company, which is one of the most important in the world, is experiencing productivity in Mexico and is seeing opportunities and investment in the country, . . . ”
- Categories
- Energy, Transportation
- Region
- Latin America
-
Egyptian E-Health Startup Reme-D Raises $1.45 Million Pre-Series a Funding
Founded in 2023 by Salma Tammam, Reme-D develops and manufactures molecular diagnostic tests for diseases including tuberculosis (TB), HIV, hepatitis, and HPV, with a focus on delivering affordable, temperature-resilient diagnostics for underserved markets across Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
-
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
-
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
-
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
-
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
-
African Development Bank and Ecobank Centrafrique Sign €5 Million Trade Guarantee Facility to Support Industrialisation
The facility will strengthen Ecobank Centrafrique’s capacity to support small and medium-sized enterprises and industries by securing foreign trade financing, facilitating trade, and supporting economic growth.
- Categories
- Agriculture, Investing, Telecommunications
- Region
- Sub-Saharan Africa
-
Press Release: IFC and Standard Chartered Partner on Supply Chain Finance to Support African Businesses
The risk-sharing facility will cover up to $300 million in supply chain and trade finance assets originated by Standard Chartered in Africa.
- Categories
- Agriculture, Finance, Health Care
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.