Spiro has successfully closed its largest funding round, raising $55 million from a Chinese fund, bringing its total funding to $270 million. This achievement positions the company close to unicorn status and highlights the growing ties between China and Africa in the electric vehicle sector.

Spiro has successfully completed a funding round that totals $270 million, which includes a recently secured $55 million investment from NewTrails Capital.

WeLight, Africa’s largest solar mini-grid operator, has secured $31 million to support its expansion efforts in Nigeria. The funding aims to enhance electricity access in some of the continent's most underserved communities.

d.light has achieved a cumulative purchasing capacity of Sh130 billion following the closure of a Sh6.5 billion public Green Bond by African Frontier Capital. This marks a significant milestone as it is the first instance where the off-grid solar sector has utilized public bond markets through a PAYGo receivables securitization structure. The bond is set to be listed on the London Stock Exchange’s International Securities Market.

Mogo, a prominent asset financier in East Africa, has reported financing over 500,000 smartphones in the region within 14 months, indicating a significant demand for affordable digital credit and flexible payment options. Notably, Uganda accounts for more than half of these financed smartphones during the same timeframe.

Dangote Petroleum Refinery and Petrochemicals FZE is planning to raise up to $2 billion in what is set to be Africa's largest initial public offering, generating significant investor interest across Nigeria. This move has attracted attention from various sectors, including a notable tycoon and a security guard, highlighting the widespread enthusiasm for the IPO.