African electric mobility firm Spiro has successfully secured a substantial $215 million (Sh27.8 billion) equity investment to significantly expand its electric vehicle operations and battery-swapping network across the continent.

• The funding aims to deploy 100,000 electric vehicles and 2,500 smart-swap stations.
• Key investors include Impact Fund Denmark and Equitane, alongside Spiro's Founder and Chairman, Gagan Gupta.
• This investment will support expansion into new markets like the Democratic Republic of Congo and Ethiopia, building on current operations in Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon.

Ride-hailing platform Bolt has strongly refuted claims circulating on social media about its alleged exit from Kenya next week, labeling the reports as false and malicious.

• A fabricated document purporting an exit date of June 8, 2026 circulated online.
• Bolt, a leading mobility platform in Kenya, assures its drivers and customers that operations remain fully functional.
• The company is investigating the source of the fraudulent information and promises to take action against those responsible.

Kenyan tech company Bensystems Limited has launched UrbanTok, a new social media platform centered on creator monetization, during the Connected Africa Summit 2026 in Nairobi.

• UrbanTok aims to provide African content creators with direct revenue streams, including local currency payouts and an integrated e-commerce marketplace, UrbanDuka.
• The platform was unveiled in the presence of over 20 ICT ministers, including ICT Cabinet Secretary William Kabogo and Trade and Industry Cabinet Secretary Lee Kinyanjui.
• UrbanTok CEO Naftal Nyabuto emphasized its focus on being a "monetization engine that happens to stream video," designed to allow users to earn from the outset rather than after building a large audience.