Spiro, one of Africa’s leading two-wheeler electric mobility companies, announced on Tuesday, October 21, 2025, that it has raised $100 million (USD) to expand its battery-swapping infrastructure. This record-breaking fundraising round marks a major milestone for the electric motorcycle sector on the continent. Record Funding and Innovative Business Model The investment represents… +
The minister, who recalled that in less than ten years, Ivorian gold production has increased fivefold, presented the particularity of the Ivorian model which lies 100% in its approach entirely focused on the private sector Within the next five years, Côte d’Ivoire will position itself as Africa’s leading gold producer,… +
Afreximbank and MDGIF will work together with the overarching intention of mobilising up to US$ 500 million over a four-year period to support midstream and downstream gas infrastructure projects African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark memorandum of understanding… +
The financing alleviates initial operational expenditures and enhances DIL’s balance sheet, supporting its continued growth trajectory African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion… +
This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with… +
The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa” The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €173.84 million for the Rwanda Energy Sector… +
The agreement involves $500 million in financing to develop the Mayumba potash deposit, a flagship project for Gabon’s mineral sovereignty and industrial transformation. On the sidelines of his participation in the multilateral summit convened by His Excellency Donald Trump, President of the United States of America, which focused notably on… +
The AfDB-funded Post-Cyclone Idai Emergency Recovery Project restored electricity access, revitalizing businesses across communities in Zimbabwe In March 2019, Cyclone Idai tore through Zimbabwe’s eastern districts with unprecedented fury, leaving behind a trail of devastation. Among the hardest hit regions were Chimanimani and Chipinge, where the lifelines of modern life—electricity,… +
The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase… +
Aberdeen’s OGV Group will host the West African Energy Summit 2025, uniting global energy leaders to drive investment, innovation and strategic partnerships across Africa’s rapidly expanding energy sector Aberdeen will host the West African Energy Summit (WAES) from November 18-19, 2025, positioning the city as a global hub for service… +
