Who Really Benefits from Africa’s $50M Battery-Swapping Boom?

While headlines celebrate a major $50 million funding round for Spiro, Africa’s largest electric mobility operator, it’s essential to scrutinize what this means beyond the glossy press releases. African Export-Import Bank (Afreximbank), U.S. climate fintech Nithio, and the Africa Go Green Fund are backing an aggressive expansion of battery-swapping infrastructure across several African countries. The pitch promises greener transport, industrial growth, and innovation "by Africans for Africans." But beneath this optimistic narrative lie significant questions about economic sovereignty, technological dependency, and geopolitical implications. Is this a Real Breakthrough or Another Globalist Play? The infusion of capital into clean energy transport...