Search Results for: green
-
CLIMATE CHANGE
Green Climate Fund approves $151 million for AfDB’s climate resilience programme
The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank (AfDB) to address climate vulnerability in the Horn of Africa. The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank Group’s “Building Climate…
Read More » -
NEWS
NCBA and Proparco sign Sh6.7bn green financing deal
NCBA Group has signed a USD 50 million (Sh6.7bn) facility with French development finance institution Proparco for on-lending to small and medium-sized enterprises (SMEs) helping combat climate change. NCBA has a long-standing relationship with AFD Group and continues to evolve its commitment to sustainability. In 2023, the group launched its Change The Story platform anchored on five strategic pillars and a…
Read More » -
AFRICA & MENA
World Vision Initiative Regreening Africa Honored as UN World Restoration Flagship,
The United Nations Environment Programme (UNEP) and the Food and Agriculture Organization of the United Nations (FAO) have named Regreening Africa Initiative among other six initiatives as United Nations World Restoration Flagships. The recognition makes the initiative eligible for technical and financial support from the UN. The announcement comes ahead of the 6th session of the United Nations Environment Assembly (UNEA-6),…
Read More » -
CLIMATE CHANGE
Controlled environment agriculture startup Hippo Harvest announces $21m Series B funding to scale next-generation greenhouse platform
Hippo Harvest, a Controlled Environment Agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, has announced the close of its $21 million Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the company’s greenhouse operations and to…
Read More » -
NEWS
[Hariprasad Viswanatha] Embedding sustainability for a green economy – riding the ESG wave
The number of publicly listed companies in Kenya that report on Environment, Social and Governance (ESG) is rising, albeit slowly. This can be attributed to the increasing push for awareness of organizations’ impact on the environment and society and the need to maximize the positive and reduce the negative. In 2021 the Nairobi Securities Exchange launched its ESG Disclosures Guidance Manual aimed…
Read More » -
NEWS
The Path To Sustainability: Green Eco Solutions Climate Action Initiatives
As we reflect on the achievements of Green Eco Solutions over the past year, it’s truly remarkable to see the positive impact we have had on both the environment and our community. Our commitment to sustainable practices and eco-friendly solutions has strengthened our brand and contributed to a greener, more sustainable future. One of our significant achievements is implementing several…
Read More » -
NEWS
Innovating for Climate Action: OPPO’s Green Initiatives Driving Technological Sustainability
In an era where virtual connectivity is rapidly embraced, with nearly 57% of the global population using mobile internet by the end of 2022 (GSMA), the environmental impact of smart devices cannot be ignored. In 2023, OPPO, the fourth-largest global smartphone brand, has pledged to achieve carbon neutrality across its global operations by 2050. Renowned for its diverse range of…
Read More » -
CLIMATE CHANGE
Equity and Government Champion Africa Green Growth at COP28
President William Ruto addressed global investors at a dinner on the sidelines of COP28 in Dubai after presiding over the launch of the Africa Green Industrialization Initiative (AGII) urging them to make Kenya their choice investment gateway to Africa. The dinner was co-hosted by the Government of Kenya and Equity Group Holdings Plc The President, who serves as the Chair…
Read More » -
ENERGY
AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network
Adani Energy Solutions (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio has completed SPV acquisition of Khavda Phase-IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. The award of this project further strengthens AESL’s position as a leader in India’s energy transition and…
Read More » -
MOBILITY
Spiro expands electric mobility in Nigeria
Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State, Nigeria. The landmark expansion marks a pivotal moment in the electric mobility landscape of Nigeria’s largest economy. With more than 18,000 electric motorbikes already deployed across sub Saharan Africa, Spiro’s strategic expansion into Nigeria will see its presence in up to eight…
Read More »