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Africa’s Business Heroes Launches 2025 Call for Applications, Building on Unprecedented...

Staff Writer - April 16, 2025

Dr. James Mwangi, Equity Group Holdings Managing Director and CEO with Lord Jonathan Marland, Chair of the Commonwealth Enterprise and Investment Council (right) and Lord Hugo Swire, Deputy Chair of the Commonwealth Enterprise and Investment Council (left). Dr. Mwangi was conferred the Freedom of the City of London, a prestigious honor recognizing his exceptional work in promoting inclusivity and creating equitable communities. The award dates back to the 12th century and has been conferred upon only a select couple of hundred individuals like Nelson Mandela, Dwight D. Eisenhower, Benjamin Franklin, Winston Churchill, Margaret Thatcher, Lee Kuan Yew and Archbishop Desmond Tutu.

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DR. JAMES MWANGI RECEIVES HONOUR OF THE FREEDOM OF THE CITY...

Staff Writer - April 16, 2025

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Staff Writer - April 15, 2025

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Staff Writer - April 4, 2025

The three-day training is part of AWS’s broader strategy to develop cloud expertise in Africa. AWS Skills Centers, first introduced in South Africa in 2023, aim to provide accessible cloud training to non-technical learners. Through a combination of in-person and virtual sessions, AWS is fostering a new generation of cloud professionals. “We are thrilled to collaborate with the University of Nairobi to bring AWS instructor-led training to Kenyan students,” said Nondumiso Zibi, AWS Director for Support Engineering, EMEA.

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Amazon Web Services launches skills centre in Kenya

Staff Writer - April 4, 2025

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Mary-Ann Musangi named Woman Industrialist of the Year at WIM Awards...

Staff Writer - April 3, 2025

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I&M Bank opens Kakamega branch

Staff Writer - April 3, 2025

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KK Security rebrands to GardaWorld Security following acquisition

Staff Writer - April 3, 2025

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Executive Corner

Africa Investment Forum 2018: a new bold vision tilts capital flows...

Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investment from NewTrails Capital, a prominent Chinese growth-stage investment fund focusing on emerging markets with strategic locations in Shanghai, Shenzhen and Nigeria. Scaling Africa’s next-generation mobility and energy ecosystem This capital injection positions Spiro among the continent's most heavily backed Africa’s e-mobility and energy ecosystem. Building on the support of long-standing institutional partners such as FEDA, Spiro’s latest equity round also draws global capital from Europe and Africa, Impact Fund Denmark, Equitane and FEDA, on top of the recent backing from Nithio and the Africa Go Green Fund. "I would like to thank NewTrails Capital for believing in Spiro’s model and supporting our unique tech, energy and innovation journey. Having deployed 100,000 electric vehicles and 2,500 smart-swap stations across seven active markets, Spiro has firmly moved past the proof-of-concept phase. Partnering with NewTrail Capital’s deeply experienced team marks a powerful new chapter for Spiro as we prepare for the next steps of our pan-African and international expansion”, stated Gagan Gupta, Founder of Spiro and Chairman of Equitane. Yufan Zhang, Founding Partner of NewTrails Capital, added: “We believe Spiro is driving a profound “energy revolution” across mobility use cases in Africa. This represents not only a vast and highly imaginative market opportunity, but also the potential to grow into an infrastructure-like business that creates meaningful commercial, social, and environmental value. In our view, Spiro’s core strengths lie in its deeply localized operating capabilities, vertically integrated supply chain, digitally enabled ecosystem, sound unit economics, and strong ability to scale rapidly. More importantly, Spiro has systematically integrated vehicles, batteries, energy replenishment, payments, and service networks into a solution that is truly tailored to the needs of African users, effectively addressing long-standing structural pain points in the local market. As a Chinese fund committed to investing in Africa’s energy transition and green technology, we are also very encouraged to see Chinese supply chains and financing playing an increasingly important role in this process. Spiro is still a young company, and everything today is only the beginning. We look forward to continuing to fulfill our role as a long-term investor, contributing our resources and experience, growing together with Spiro, and helping accelerate Africa’s new energy transition.”, This partnership will be instrumental to support Spiro’s current manufacturing and supply chain localisation effort on the continent in particular with Chinese suppliers.

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Spiro secures $55M additional backing from Chinese investor NewTrails Capital

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