Cameroon Archives – CEO East Africa

Afreximbank Extends $50 Million Debt Financing to Spiro Electric Mobility Company

Paul MurungiThe Big Story Transport & LogisticsFebruary 25, 2026February 25, 2026

Afreximbank has extended $50 million in debt financing to African electric mobility company Spiro, as the firm scales up its clean transport infrastructure across the continent. The transaction, first reported by Africa Private Equity News, also brings in Nithio and the Africa Go Green Fund, managed by Cygnum Capital, as new investors. The fresh capital comes months after Spiro secured a $100 million investment in October 2025. The company said the new funding will accelerate the expansion of its battery swapping network in both existing and new markets, while strengthening its proprietary technology platform. Planned upgrades include automated battery swapping…

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Is EABL Next on the Market as Diageo Steadily Exits Africa?

CEO East Africa MagazineEast Africa News & Analysis The Big StoryMay 22, 2025May 22, 2025

East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent company, Diageo PLC, which has been steadily retreating from several African markets. According to a report by Business Daily Africa, the British beverages giant on Tuesday unveiled a sweeping $500 million (KSh64.65 billion) cost-cutting and asset disposal programme as part of what it calls an “asset-light model,” a strategy designed to reduce exposure to volatility in emerging markets and boost returns. The Nairobi Securities Exchange-listed EABL, in which Diageo holds…

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