Venture Capital
Spiro Secures $50 Million in Debt Funding to Expand African EV Battery-Swapping Network
African electric mobility leader Spiro has raised $50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. The capital will fuel the expansion of its battery-swapping infrastructure and proprietary technology platform across the continent.
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South Africa-Focused Regtech Instarc Secures €1.25 Million to Accelerate Cloud-Native Compliance Platform Rollout
The strategic investment round, led by HFO Investments, will scale the firm's modular regulatory infrastructure designed to streamline customer due diligence and FICA compliance.
Spiro Secures $50 Million in Debt Funding to Expand African EV Battery-Swapping Network
African electric mobility leader Spiro has raised $50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. The capital will fuel the expansion of its battery-swapping infrastructure and proprietary technology platform across the continent.
Chappal Energies Completes Landmark $1.2 Billion Acquisition of Equinor’s Nigerian Assets
Chappal Energies has officially finalized its landmark $1.2 billion acquisition of Equinor’s Nigerian upstream asset portfolio, expanding its operational footprint in West Africa's energy sector.
Zenith Bank Completes Landmark $195M Tier-1 Capital Raise to Drive Regional Expansion
Zenith Bank has successfully closed a landmark $195 million Tier-1 capital raise, securing vital financial firepower to accelerate its regional expansion strategy across Africa.
Bboxx and EnerTech Launch $100 Million Electrification Platform at COP28 to Expand Clean Energy Across Africa
Data-driven super-platform Bboxx and Kuwait’s EnerTech have partnered on a $100 million electrification initiative announced at COP28, designed to scale essential clean technology, smart financing, and e-mobility services across 11 African markets.