UK’s BII, Standard Chartered launch $105.97mn trade and e-mobility investment in East Africa

UK’s BII, Standard Chartered launch $105.97mn trade and e-mobility investment in East Africa

Kenya is set to benefit from a KES 13.7bn ($105.97mn) investment by British International Investment (BII) and Standard Chartered Bank, unveiled at ...

British Investment Backs Kenya’s ARC Ride with $5M to Drive E-Mobility Growth

Kenya’s electric mobility landscape has received a significant boost with a $5 million investment in ARC Ride, a local startup offering battery-as-a-service (BaaS) solutions for electric two-wheelers. The financing, led by British International Investment (BII), the UK’s development finance institution, is set to accelerate the rollout of 5,000 electric motorcycles and expand Africa’s largest automated battery swapping network.The initiative aim…