A country in East Africa planning to implement a 140,000 e-bike initiative by 2028, indicating strong demand for electric mobility.
Sawa Energy Secures EU-Backed Funding to Advance Clean Power in East Africa
Sawa Energy secured EUR 2.5 million in equity funding from the ElectriFI initiative. The funding will be used to expand solar and energy storage offerings in Uganda and Rwanda.
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 eyes 10x revenue jump to $200millon in 2025
Spiro projects $200 million in revenue for 2025, a tenfold increase from 2024's $20 million. The company's growth is linked to its pay-as-you-swap model, charging daily for battery exchanges.
BREAKING: Airtel Money plans 2026 IPO amid fintech growth push
Airtel Africa announced plans for an IPO of Airtel Money in the first half of 2026. The previous plan to list in 2025 was delayed due to evolving market conditions.
