How Kibo Spark Could Cut Boda Boda Fuel Costs by Up to 40%

Posted on By Africa Digest News No Comments on How Kibo Spark Could Cut Boda Boda Fuel Costs by Up to 40%

Kibo Africa has officially launched the Kibo Spark electric motorcycle in Kenya, backed by a battery-swapping network developed in partnership with Powerhive, an energy infrastructure company with over a decade of operations in the country. The launch targets Kenya’s approximately three million boda boda operators, who currently spend between KES 12,500 and KES 20,000 monthly…

Read More “How Kibo Spark Could Cut Boda Boda Fuel Costs by Up to 40%” »

EV

Uber Targets 5,000 Electric Motorcycles in Kenya Through New Expansion Plan

Posted on By Africa Digest News No Comments on Uber Targets 5,000 Electric Motorcycles in Kenya Through New Expansion Plan

Uber has announced plans to more than double the number of electric motorcycles on its Kenya platform from approximately 2,500 to over 5,000 by the end of 2026, accelerating the growth of its Electric Boda service and deepening its commitment to electric mobility in one of Africa’s most active two-wheeler markets. The announcement signals a…

Read More “Uber Targets 5,000 Electric Motorcycles in Kenya Through New Expansion Plan” »

EV

Spiro Strengthens Position in Africa’s EV Market With $215 Million Investment

Posted on By Africa Digest News No Comments on Spiro Strengthens Position in Africa’s EV Market With $215 Million Investment

Africa’s electric mobility sector just received its most significant vote of confidence yet, and Spiro’s $215 million investment round is at the centre of it.The Spiro $215 million electric mobility investment in Africa in 2026 was backed by Impact Fund Denmark and Equitane, two investors whose participation carries distinct significance. Impact Fund Denmark brings Danish…

Read More “Spiro Strengthens Position in Africa’s EV Market With $215 Million Investment” »

Funding

How PIDG Helped Close Funding for Ghana’s $137M Takoradi Floating Dock Project

Posted on By Africa Digest News No Comments on How PIDG Helped Close Funding for Ghana’s $137M Takoradi Floating Dock Project

When a ship needs dry docking in West Africa today, it travels 10 to 14 days to Walvis Bay in Namibia or Las Palmas in Spain. Every one of those journeys represents lost time, burnt fuel, elevated emissions, and foreign exchange leaving the region. Project Shiprite exists to end that inefficiency, and PIDG’s intervention is…

Read More “How PIDG Helped Close Funding for Ghana’s $137M Takoradi Floating Dock Project” »

Funding

How Anzana Secured $20M to Scale Run-of-River Hydropower Projects Across Africa

Posted on By Africa Digest News No Comments on How Anzana Secured $20M to Scale Run-of-River Hydropower Projects Across Africa

Anzana Electric Group has closed a $20 million senior secured portfolio debt facility with British International Investment (BII), the UK’s development finance institution, and the implications stretch well beyond a single funding round. Filling the Gap That Big Finance Ignores One of the most persistent structural problems in African clean energy development is the financing…

Read More “How Anzana Secured $20M to Scale Run-of-River Hydropower Projects Across Africa” »

Funding, Clean energy

Why ALCB Fund Backed KMRC with KES 624 Million

Posted on By Africa Digest News No Comments on Why ALCB Fund Backed KMRC with KES 624 Million

The African Local Currency Bond Fund has committed KES 624 million to the Kenya Mortgage Refinance Company following KMRC listing a KES 3.0 billion ($23.2 million) sustainability bond on the Nairobi Securities Exchange, marking Kenya’s first sustainability bond in the domestic capital markets. Arranged by NCBA Investment Bank Limited, the eight-year Kenyan shilling-denominated instrument features…

Read More “Why ALCB Fund Backed KMRC with KES 624 Million” »

Funding

Why Spiro Acquired EV Engineering Firm Coexlion

Posted on By Africa Digest News No Comments on Why Spiro Acquired EV Engineering Firm Coexlion

Spiro has acquired Coexlion EV engineering consultancy as a capability acquisition, not a financial one. Coexlion, with operations in the United Kingdom and Bangalore, India, is a specialist engineering consultancy with a track record that reads like a who’s who of the global two-wheeler industry. The firm has worked with legacy brands like Triumph and…

Read More “Why Spiro Acquired EV Engineering Firm Coexlion” »

EV

How KMRC’s Oversubscribed Bond Signals Rising ESG Investment Demand in Kenya

Posted on By Africa Digest News No Comments on How KMRC’s Oversubscribed Bond Signals Rising ESG Investment Demand in Kenya

When investors put up KSh 9.38 billion for a KSh 3 billion bond, the market is sending a message. The Kenya Mortgage Refinance Company’s latest capital markets move is not just a fundraising success but a key indicator for where institutional and retail investment appetite in Kenya is heading. The Bond That the Market Couldn’t…

Read More “How KMRC’s Oversubscribed Bond Signals Rising ESG Investment Demand in Kenya” »

Uncategorized

Can Hummingbird One Bridge Africa’s Early-Stage Climate Finance Gap?

Posted on By Africa Digest News No Comments on Can Hummingbird One Bridge Africa’s Early-Stage Climate Finance Gap?

Global climate finance for Africa has grown significantly over the past decade. Large-scale solar farms, national grid projects, and established clean energy businesses can now access institutional capital with relative ease. The problem sits one layer below: the early-stage, locally owned renewable energy and clean cooking companies that are too small for large funds and…

Read More “Can Hummingbird One Bridge Africa’s Early-Stage Climate Finance Gap?” »

Funding

Why IFC Increased Its Commitment to Africa Go Green Fund

Posted on By Africa Digest News No Comments on Why IFC Increased Its Commitment to Africa Go Green Fund

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has proposed a follow-on investment of up to $23 million in the senior debt tranche of the Africa Go Green Fund (AGG) building on its initial $47 million commitment made in 2023. The fund, managed by Cygnum Capital (formerly Lion’s Head…

Read More “Why IFC Increased Its Commitment to Africa Go Green Fund” »

Funding