
Aruwa Capital Makes Follow-On Investment in Hibiscus Exporter AgroEknor
Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.
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British International Investment (BII) has committed $5 million in funding to ARC Ride to boost the adoption of electric motorbikes in Kenya.
The financial backing will help ARC Ride roll out 5,000 electric two-wheelers, widely known in Kenya as boda bodas.
It will also enable the company to scale its battery-swapping network across East Africa, making electric mobility more accessible and practical for everyday users.
According to BII’s East Africa coverage director, Seema Dhanani, boda bodas are more than just a mode of transport in Kenya—they are central to daily life.
“Electrifying them is vital to building a cleaner and more sustainable future. As the UK’s development finance institution, we are proud to support innovative solutions like ARC Ride that help drive meaningful change for both communities and the environment,” she said.
Joseph Hurst, CEO of ARC Ride, described the partnership as a major step forward in their efforts to grow across the African continent.
“This collaboration allows us to expand significantly while ensuring more clean kilometres are travelled. It means higher earnings for riders and less harm to the planet,” he said.
The partnership signals a growing interest in clean transport options as African cities look to reduce pollution and improve economic opportunities through green technology.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.

South African AI-powered customer service platform Cue has raised $2 million in seed funding from angel investors.

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have committed €4 million to support the expansion of Emerging Cooking Solutions (Supamoto) in Zambia.