KIGALI, Rwanda — June 2, 2026 — Africa Equity Group has made a strategic investment in Swapinga, a Rwanda-based, fintech platform that enables financial institutions to finance electric vehicle transition for drivers, fleet companies, and cooperatives, with a mission to become Africa’s leading fintech-powered e-mobility platform.
The investment reflects Africa Equity Group’s commitment to backing visionary African enterprises that combine commercial scalability with sustainable development impact.
Swapinga is building an ownership-focused e-mobility platform designed to transform urban transport through technology, design, and innovation that make electric vehicles more accessible to the drivers who power Rwanda’s mobility economy every day.
As Rwanda builds toward a more sustainable future, the transition to electric mobility is becoming one of the country’s most important economic and environmental opportunities.
Rwanda’s Vision 2050 calls for a prosperous, inclusive, climate-resilient future supported by smart, green cities, efficient transport systems, and broad-based opportunity.
Swapinga was created to ensure that drivers are at the heart of this transformation — not left behind by it.
For years, talented drivers across Kigali and beyond have poured their earnings into rental fees, building wealth for vehicle owners while struggling to break into ownership themselves.
Swapinga addresses that structural gap by creating a clearer, more realistic path for banks and financial institutions to support drivers to own the vehicles they operate, grow their income, and participate directly in Rwanda’s green mobility transition.
“Swapinga sits at the intersection of three forces shaping Africa’s future: urban mobility, financial inclusion, and climate-resilient infrastructure,” said Osa Aihie, Chief Operations Officer of Africa Equity Group.
“Our investment reflects a simple conviction: Rwanda’s transition to electric mobility should also be a transition toward ownership, equity, and economic empowerment for the drivers who keep cities moving.”
Swapinga’s model bridges Rwanda’s green ambitions with the economic realities of working drivers.
Through a fintech-enabled ownership pathway facilitated with trusted banking and mobility partners, eligible drivers can secure an electric vehicle with a manageable 20% deposit and transparent payment plans that build equity with every installment.
The model is designed to reduce unnecessary barriers, avoid hidden fees, and provide a clear path from application to ownership.
Electric vehicles also create immediate operating advantages for drivers.
Lower fuel costs, reduced maintenance requirements, and cleaner vehicle technology can improve driver economics while supporting Rwanda’s environmental goals.
By pairing EV adoption with a driver-first ownership model, Swapinga is helping ensure that the benefits of the green transition reach the people most directly responsible for delivering urban transport services.
“Swapinga was created for the driver who works every day, serves the city every day, and deserves the opportunity to own the vehicle they drive every day,” said Norbert Haguma, Founder of Swapinga.
“Rwanda’s electric mobility future is not only about cleaner vehicles.
It is about creating a fairer mobility economy where drivers build assets, increase income security, and move forward with the country.”
Africa Equity Group’s strategic investment will support Swapinga’s next stage of growth as the company strengthens its platform, deepens partnerships, and expands access to electric vehicle ownership for drivers in Rwanda.
The partnership aligns with Africa Equity Group’s broader focus on investing in African companies that can deliver economic value, commercial innovation, and measurable development impact.
“Rwanda has created a powerful environment for innovation at the intersection of sustainability, technology, and inclusive growth,” added Fabien Anthony of Africa Equity Group.
“Swapinga represents the kind of African enterprise we believe can become a national champion and, over time, a continental platform.”
With Africa’s cities growing rapidly, the future of transport will depend on solutions that are cleaner, more affordable, and more inclusive.
Swapinga’s approach recognizes that widespread electric vehicle adoption cannot be achieved through technology alone.
It requires ownership models that respect the financial realities of drivers, partnerships that unlock access, and a mission that keeps people at the center of progress.
By investing in Swapinga, Africa Equity Group is backing a company designed to accelerate Rwanda’s sustainable transport future while expanding economic opportunity for the drivers who make that future possible.
About Africa Equity Group
Africa Equity Group is an Africa-focused investment platform supporting African enterprises with strategic capital, technical assistance, and ecosystem resources designed to advance sustainable development, innovation, and economic value creation across the continent.
www.africaequitygroup.com
About Swapinga
Swapinga is a Rwanda-based fintech and electric mobility enablement company helping drivers access pathways to electric vehicle ownership and grow their income through a technology-enabled application and fintech platform.
Swapinga's platform enables trusted mobility and banking partners to provide the financing necessary for drivers to transition from rental dependency to asset ownership while supporting Rwanda’s clean mobility ambitions.
www.swapinga.com
