The African Export-Import Bank, a pan-African multilateral trade finance institution that aims to promote and finance intra- and extra-African trade.
EV Startup Spiro Secures $50 Million to Scale Its Operations in Africa
Spiro secured $50 million in debt financing to scale its operations. The funding comes from a consortium including Afreximbank, Nithio, and Africa Go Green Fund.
Africa’s Startup Ecosystem Sees Strong Growth with $442 Million Raised in October
Africa's startups secured over $442 million in funding in October 2025, the second-highest month of the year. Equity financing accounted for 76% of the total funding, marking October as the strongest month for equity investments in 2025.
Spiro raises $100 million as it takes over half of Kenya’s electric bike market
Spiro raised $100 million in funding to expand its battery-swapping network. The funding round was led by Afreximbank’s Fund for Export Development in Africa.
Spiro raises $100M, the largest-ever investment in Africa’s e-mobility
Spiro announced a $100 million investment round led by the Fund for Export Development in Africa (FEDA). The investment marks Africa’s largest-ever EV mobility investment.
Rwanda and Ghana Push for Cross-Border Fintech Integration
Rwanda and Ghana are linking their national payment systems. Establishment of a fintech licensing passport system.
