Debt Facility Electric Vehicles Debt MEGA DEAL

$50M

Spiro

Tanzania May 2024 East Africa

About this Deal

Spiro secured $50M from Afreximbank for electric motorcycle expansion.

Investors

Lead: Afreximbank

Afreximbank

Deal Details

Amount$50M

TypeDebt Facility

InstrumentDebt

SectorElectric Vehicles

FounderMale-led

StatusClosed

Company

Spiro
Startup · Dar es Salaam

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Tanzania Coffee Board Tanzania's coffee industry regulator

Kilimanjaro National Park Africa's highest mountain

The Residence Zanzibar Luxury Zanzibar beachfront

Azam Media Group East Africa's indigenous pay-TV

Azam Group Tanzania's beloved everyday brand

Serengeti National Park Authority Home of the Great Migration

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Joseph Kusaga Founder @ Clouds Media Group

Anuj Shah Founder @ A to Z Textile Mills

Said Salim Bakhresa Founder @ Bakhresa Group

Gulamabbas Dewji Founder @ METL Group

Mark Saul Founder @ Swala Gem Traders

Anna Temu Founder @ Power Foods Industries

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