#africa Tech News.
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The latest africa news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks africa across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Spiro's $215 million equity raise, led by Impact Fund Denmark and Equitane, is the largest ever for an African two-wheeled EV company and brings total funding to over $500 million. The round reflects a shift in investor focus from vehicle engineering to infrastructure ownership. Commercial boda boda riders in Kenya and Uganda earn $10 to $15 daily, with fuel consuming 40% to 60% of income. Spiro's approach targets that economics problem rather than selling motorcycles directly.
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