Nigeria set to become Africa’s first Electric Vehicle manufacturing country

The Federal Government has moved to establish Africa’s first Electric Vehicle (EV) manufacturing plant and develop critical infrastructure nationwide with the signing of Memorandum of Understanding (MOU) with South Korea’s Asia Economic Development Committee (AEDC). According to a statement on the official X (formerly Twitter) account of the National Automotive Design and Development Council (NADDC), the Minister of State for Industry, Senator John Enoh, signed on behalf of the Federal Gove...
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Spiro, Africa’s Largest Electric Vehicle Maker, Agrees To US$50m Debt Facility With Afreximbank to Accelerate Expansion

Spiro, Africa’s Largest Electric Vehicle Maker, Agrees To US$50m Debt Facility With Afreximbank to Accelerate Expansion

Spiro, Africa’s largest Electric Vehicle Company, agrees to US$50 Million Debt Facility with Afreximbank to accelerate expansion. The EV company says the US$50 million debt facility will help expand its network of automated swap stations and introduce new electric bike models. Last August, Spiro announced a $63m debt funding round with Societe Generale, a deal designed to expand the company’s footprint in Benin and Togo. Spiro, Africa’s largest Electric Vehicle (EV) Company, has announced...
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