Ampersand Rwanda, Africa’s first electric motorcycle company, has secured a $9 million loan facility from the U.S. International Development Finance Corporation (DFC) to expand its operations in Rwanda and Kenya.

Headquartered in Kigali, Rwanda, Ampersand assembles and finances electric motorcycles (emotos or e-bodas) that cost less to buy and operate, and perform better than the 5 million petrol motorcycle taxis in use across East Africa – all with up to 83% less carbon emissions....