Kerosene Prices Go Up

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Kerosene Prices Go Up

Special Correspondent - July 2, 2018

The Energy Regulatory Commission (ERC) on Saturday announced a Sh3 price increase in the cost of kerosene from Sunday, July 1. ERC Director-General Robert Oimeke...

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Beyond capital, this partnership represents a powerful bridge between European financial expertise and Africa’s rapidly expanding investment landscape. By combining KfW’s global development finance experience with ATIDI’s deep regional risk intelligence and market presence, the collaboration will help unlock new pathways for investment in strategic sectors thus supporting sustainable growth, strengthening trade corridors and enabling investors to participate more confidently in Africa’s long-term economic transformation.

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The 12th Edition of the Digital Rights and Inclusion Forum (DRIF) has been launched. The event, which has over the years brought together hundreds of delegates from non-governmental organisations, academia, media, funding partners, the United Nations, the technical community, government and the private sector within the digital ecosystem, will be held in Lusaka, Zambia between April 29th and May 1st, 2025. Every year, Paradigm Initiative (PIN), a pan-African non profit organisation works in collaboration with partners to host the event. Partners who will be working together with PIN to host the 2025 event are; Bloggers of Zambia, Common Cause Zambia, Internews Network Zambia, Zambian Cybersecurity Initiative Foundation (ZCSI), Internet Society Zambia, Zambia Information and Communication Technology Authority (ZICTA) and the Ministry of Technology and Science. Also announced during the launch was the theme of DRIF25 which is, Promoting Digital Ubuntu in Approaches to Technology. PIN and partners have successively held 11 DRIF editions since 2013. The 2024 DRIF was held in Accra, Ghana, attracting 1,044 registered attendees and delegates from 61 countries across the world. In 2023, DRIF which was held in Nairobi, Kenya was attended by 601 participants drawn from 54 countries across the world. Speaking during the launch of the 2025 Digital Rights and Inclusion Forum (DRIF), ‘Gbenga Sesan, Paradigm Initiative’s Executive Director stressed the need to guard the Internet, saying it is the last standing civic space in the Global South. "The last standing civic space we have in the Global South is the Internet. Next year from April 29th to May 1st we will gather here in Lusaka, Zambia. We will be discussing several things here, including the need to fight our own battles and the need to protect civic spaces. There is a fierce urgency of protecting civic space.” He also urged countries on the continent to fight for their own elections and electoral systems, and not other people’s battles, and the usual bad habit of shutting the Internet or introducing laws that make all illegal things become legal. “When I see national security as a phrase in any policy, I’m going to question it,” he added. In his remarks, Richard Mulonga, Chief Executive Officer (CEO), Bloggers of Zambia said we need to fight for digital freedom. “We are freedom fighters in our own way. Every morning we wake up, we have to fight for digital freedom in our own contexts. We should fight for our own African democracy.” He implored citizens to be on guard and look out for enforcement of digital policies. DRIF25, he added, will be instrumental in promoting Zambia as the country would be hosting global citizens. On her part, Brenda Zulu, Digital Safety Coordinator at Internews Network Zambia said the organisation was excited to partner with PIN to host DRIF25, and would be offering personalised guidance on safety practices and also enhance tools for digital security. The Forum is an important platform where conversations on digital policy in Africa are shaped, policy directions debated, and partnerships forged for action. The Digital Rights and Inclusion Forum has carved a niche as the arena for tough topical global issues on digital rights and inclusion, accommodating views and opinions from civil society, technology companies, government, academia, and other stakeholders.

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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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Kerosene Prices Go Up

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KfW Development Bank becomes an ATIDI Shareholder, Enhances German Investment Opportunities...

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