Africa’s electric mobility leader and battery swapping pioneer, Spiro has announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment. The…
Last week’s handover of the $5billion African Energy Bank Headquarters in Abuja, represents a significant milestone and historic match to energy security and sustainability in Africa. Besides, the June date for the commencement of the ambitious project marks the changing phase of the African oil and gas industry as well as a bold statement to…
Peter Gondo (with a microphone) a consultant at SKYPEG Consulting Ltd, speaking during a discussion session at the Zámba Heritage Congress in Nairobi, Kenya. PHOTO/FSC. By PATRICK MAYOYO [email protected] Investment in Africa’s forests remains well below necessary levels, impeding crucial conservation efforts and exacerbating the risks of deforestation, a leading forestry expert has said. Peter…
Nairobi — Nigeria’s latest fintech policy push is sending ripples across Africa’s digital finance ecosystem, with potential implications for Kenya’s fast-maturing mobile money and fintech market that has long been anchored by M-Pesa, regulatory sandboxes and a growing startup scene. The Central Bank of Nigeria (CBN) has unveiled its Policy Insight Series 2025: Shaping the…
London-based mobility and financial services platform GoCab has raised $45 million in new financing, split between $15 million in equity and $30 million in debt, as it steps up expansion across Africa. The equity round was led by E3 Capital and JANNGO Capital, with participation from KawiSafi Ventures and Cur8 Capital. The debt portion was…
Venture capital firm Andreessen Horowitz has raised $15 billion to bolster bets across an array of areas including infrastructure, health and what the it calls “American Dynamism,” co-founder Ben Horowitz said in a blog post on Friday. The bulk of the capital, $6.75 billion, will go toward a growth fund and two $1.7 billion funds, with…
Nairobi — The Africa Centres for Disease Control and Prevention (Africa CDC) has raised serious concern over a sharp surge in cholera cases across the continent, with reported infections more than doubling to over 310,000 cases in 2025. In a statement, Africa CDC noted that the outbreak has resulted in nearly 3,000 additional deaths across…
The African Development Bank Group (AfDB) has raised a record $11 billion for the African Development Fund (ADF), which provides low-cost loans to low-income countries to support development projects. This is the largest amount in the Fund’s history, achieved despite cuts in global aid budgets and financial pressures worldwide. The funds, raised from 43 partners…
The acquisition by Netflix of big chunks of Warner Bros Discovery in a US$72-billion megadeal could hardly have come at a worse time for MultiChoice Group. Reuters reported that Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $83-billion (including debt), a deal that would hand control of one…
South African electrotech startup Plentify has raised an undisclosed Series A round to expand into the U.K., Australia, and Brazil, markets facing growing renewable-energy constraints such as grid congestion and intermittency. The round, which brings Plentify’s total funding to nearly $15 million, includes backing from Secha Capital, Buffet Investments, E3 Capital, Fireball Capital, Endeavor SA’s…
