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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