FEDA backs Spiro with $75m to boost Africa’s electric mobility
[Hallmark - Nigeria] - 10/11/2025
The Fund for Export Development in Africa (FEDA), the development equity arm of African Export-Import Bank (Afreximbank), has announced a $75 million investment in Spiro, Africa’s fastest-growing electric two-wheel assembler and battery-swapping operator. Founded in 2022, Spiro operates over (…)
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