Electric vehicle dealer Spiro taps $50m loan at Afreximbank

spiro

Spiro electric motorbikes during their launch at Mombasa's Mama Ngina Waterfront, Kenya on September 1, 2023. PHOTO | FILE |NMG

Pan-Africa electric vehicles company Spiro, which has operations in Kenya, has tapped a $50 million loan from the African Export-Import Bank (Afreximbank) to expand its operations on the continent.

The agreement was signed in Kigali this week during the Africa CEO Forum, said the firm in a statement. Spiro sells electric motorcycles.