-
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
-
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
-
IFC, EIB Group and European Commission Back Biovac to Build Africa’s First End-To-End Multi-Vaccine Manufacturing Site, Advancing Vaccine Self-Reliance
The financing package includes a $20 million senior loan from IFC with additional mobilization in progress and a €75 million quasi-equity investment from EIB Group.
- Categories
- Health Care, Investing
- 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.