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NEWS
Safaricom secures second $116.73m sustainability linked loan from local banks
Kenya’s leading telco Safaricom has secured another KES 15 billion (($116.73 million) Sustainability Linked Loan, bringing the total loan facility to KES 30 billion ($233.46 million) having announced the closure of a similar amount last year. The loan facility, which is the largest in the East African region, is set to advance Safaricom’s Environmental, Social and Governance agenda (ESG). The…
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BRAND & SUSTAINABILITY
Equity Group elevates sustainability efforts, setting global benchmark in climate-related transactions
Equity Group has set a global benchmark with the highest number of climate-related transactions among 258 financial institutions worldwide. The lender supported 47,000 climate transactions addressing climate mitigation and adaptation initiatives to tackle the negative impacts of climate change. This is according to Equity Group’s 2023 Sustainability Report which was launched on Tuesday. It exemplifies Equity’s unwavering commitment to socio-economic…
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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…
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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…
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NEWS
AJEN Roundtable Focuses on Sustainable Journalism Education
The 2024 African Journalism Education Network (AJEN) has convened participants across Africa to explore innovative approaches to teaching journalism across African institutions of higher learning, emphasizing the need for curricula that equip students with the skills to produce high-quality, ethical, and sustainable content. This conference brings together leading academics, journalists, and policymakers from around the globe to discuss the pivotal role of…
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BRAND & SUSTAINABILITY
Lake Turkana Wind Power releases 2023 Sustainability Report
Lake Turkana Wind Power (LTWP), Africa’s largest wind power project has launched its 2023 Sustainability Report. The launch marks a significant milestone in the company’s ongoing commitment to environmental stewardship, social responsibility, and economic development. The 2023 Sustainability Report highlights LTWP’s substantial contributions to Kenya’s economy, energy sector, environment and its continued investment in the development of the Laisamis region that surrounds…
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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…
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ENERGY
How Perenco is Enabling Gas-Powered Industrial Growth across Africa
Reaffirming its unwavering dedication to Africa’s energy sector, independent hydrocarbon producer Perenco recently launched its first-ever gas-to-industry supply project in Cameroon. Last July, the company put into service the Bigapa Gas Processing Center, marking an important milestone while strengthening its historic partnership with Cameroon’s National Hydrocarbons Corporation (SNH). The processing center is set to source gas from the Sanaga South…
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MOBILITY
Watu to finance 10,000 electric bikes in 2024 in push for E-mobility
Asset financing company, Watu has revealed plans to finance 10,000 electric bikes in 2024 in Kenya as it pushes for e-mobility adoption in Kenya. The pans are included in the company’s inaugural sustainability report released last week which highlights its progress in financing mobility and connectivity assets and the environmental impact of its operations. Watu says the report is the first…
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RENEWABLE ENERGY
Epson Achieves 100% Renewable Electricity for All Japanese Facilities
Epson announced on Tuesday it has achieved a major sustainability milestone by switching to 100% renewable electricity for all its 14 owned sites in Japan in 2021. This accomplishment marks a significant step in Epson’s ongoing commitment to environmental sustainability and sets a benchmark for the manufacturing sector worldwide. The manufacturing sector, accounts for around a third of the world’s…
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