IMF

Spiro, electric motorbike manufacturer, to expand fleet in Togo & Benin

Spiro, a leading electric motorbike manufacturer and clean energy provider in Africa, has landed $63 million loan from GuarantCo, a company in the Private Infrastructure Development Group (PIDG), and the French bank Société Générale to be used to expand its fleet of electric motorbikes, alongside the associated batteries and swap stations, in Benin and Togo. […]

Morocco’s open skies success offers model for African aviation

Morocco’s experience with aviation liberalization demonstrates how strategic reforms can transform air travel across Africa, according to a new analysis by Marie-Noelle Nwokolo of The Brenthurst Foundation. As the first African country to sign an Open Skies agreement with the European Union in 2006, Morocco’s bold move yielded impressive results despite initial skepticism. Passenger volumes […]

France to finance two projects in Niger worth 22 million euros

France’s development agency, AFD, and Niger have inked a financing agreement for two projects worth 22 million euros in the African country. The first project focusing on household food security, will benefit from a 10 million euros subsidy to support the most vulnerable households by improving their food security. Local NGO Karkara and the national […]