Africa: FEDA Announces Strategic Investment in Spiro to Accelerate Africa's Electric Mobility Transition

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Photo by Campaign Creators

[Afreximbank] Kigali, Rwanda, 10 November 2025: The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million investment in Spiro, the leading electric two-wheel assembler in Africa with the fastest growing battery swapping infrastructure. This investment is fully aligned with Afreximbank's broader automotive strategy, to develop integrated manufacturing ecosystems by fostering strategic partnerships across the

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