Mobility : Afreximbank invests $68 million in Spiro to boost electric mobility

Afreximbank has announced a $68 million (42 billion CFA) investment in Spiro, a leading player in Africa’s electric mobility sector. The deal aims to strengthen local production of electric motorbikes, reduce reliance on imported fossil fuels, and support the continent’s energy transition. This marks a strategic step toward a greener, more sustainable African industry.