Spiro, Africa’s largest electric mobility operator, has raised US$50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. The capital will accelerate the company’s rollout of battery‑swapping stations, expand electric motorcycle operations, and integrate renewable energy solutions across the continent. This follows Spiro’s US$100 million investment in October 2025, previously the largest financing deal in Africa’s e‑mobility sector. Scaling Infrastructure Across Africa Spiro already operates more than 2,500 battery‑swapping stations and has deployed over 80,000 electric motorcycles in Kenya, Uganda, Rwanda, Nigeria, Benin, and Togo. Pilot programs are underway in Cameroon and Tanzania. The company has…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Airtel Africa is advancing its partnership with SpaceX to deploy Starlink’s direct‑to‑cell satellite service across 14 markets, while simultaneously outlining a broader strategy that includes listing its mobile money unit and exploring integration of cryptocurrency and other virtual assets. Airtel’s Multi‑Market Strategy The telco is in advanced discussions with regulators across its footprint to leverage Starlink’s satellite capacity. The move is designed to close rural coverage gaps, defend market share, and position Airtel Money for a public listing. Management has confirmed that IPO plans remain on track, with potential listing locations currently under evaluation. In addition, Airtel says it is…
Kenya Airways is poised for a leadership shake‑up after President William Ruto confirmed that a new board will be appointed this week. Speaking at the Kenya Open 2026 golf tournament on February 22, Ruto described the national carrier as “the pride of Africa” and a “national jewel,” pledging to make its revival his next priority. “Kenya Airways, the pride of Africa, is our jewel. And I want to tell the good people at Kenya Airways that this is going to be my next focus,” Ruto said. New Board to Drive Airline’s Turnaround Ruto emphasized that the incoming board will include…
The Nature Conservancy (TNC) and the Forest Stewardship Council (FSC) Africa have signed a landmark agreement to accelerate sustainable forest management and climate‑focused conservation across Africa. Running through 2030, the partnership sets out a framework to protect forests, cut emissions, restore degraded landscapes, and strengthen livelihoods. Why Africa’s Forests Matter Africa’s forests are more than trees. They regulate rainfall, store carbon, safeguard water security, and sustain millions of people. They also shelter extraordinary biodiversity. Yet mounting pressures—deforestation, climate change, and unsustainable land use are too complex for any single organization to tackle alone. What the Partnership Delivers By combining TNC’s…
Kenya’s Capital Markets Authority (CMA) has approved a three‑day extension of the Kes 106.3 billion Initial Public Offering (IPO) for the Kenya Pipeline Company (KPC). The offer, originally set to close on February 19, 2026, will now remain open until Tuesday, February 24, 2026, at 5 p.m. local time (1400 GMT). The Privatization Authority said the extension responds to retail investors’ requests for more time to participate, aligning with the government’s objective of expanding domestic share ownership and fostering inclusivity in Kenya’s capital markets. High Court Dismisses Privatization Petitions In a parallel development, the High Court of Kenya dismissed consolidated…
Trade and investment between Kenya and China continue to expand, fueled by infrastructure projects, growing business partnerships, and rising demand for cross‑border financial solutions. At the center of this momentum is Stanbic Bank Kenya, whose China Desk helps businesses navigate the complexities of operating between the two markets. “The China Desk was designed to reduce friction in cross‑border trade and unlock new opportunities,” explains Muya Guo, Head of the China Desk at Stanbic Bank Kenya. Building Financial Bridges for Trade and Investment The China Desk provides specialized trade and cash management solutions tailored for importers, exporters, and investors. “Stanbic Bank…