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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),…
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NEWS
Pamoja raises $8.5 million to accelerate sustainable macadamia nut production in Kenya and Tanzania
Pamoja, a sustainable macadamia nuts producer in East Africa has raised $8.5 million from French asset management company Mirova to accelerate its projects in Kenya and Tanzania Mirova is a subsidiary of Natixis Investment Managers dedicated to sustainable investment. Pamoja is targeting 6,200 hectares of managed lands according to stringent sustainability criteria (organic and Fair Trade) and support for 13,000…
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ENVIRONMENT
Corporations in Kenya join govt in ambitious plan to plant 15 billion trees
Responding to the urgent global call for environmental protection and sustainability, Kenya has made a bold move to plant an unprecedented 15 billion trees. Aimed at mitigating climate change, increasing biodiversity and enhancing environmental resilience, this ambitious effort reaffirms the nation’s commitment to environmental stewardship alignment to accentuate green growth. While this ambitious project is a major government initiative, the…
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NEWS
Plug and Play accelerateAZ announces new sustainability accelerator program
Plug and Play accelerateAZ, a program of the Arizona Commerce Authority (ACA), has announced a new Sustainability program that will support the growth of Arizona sustainability-focused startups. The new program, announced at the Plug and Play Silicon Valley Summit in Sunnyvale, California, will launch in Spring 2024. The accelerateAZ Sustainability program will support startups in the areas of renewable energy, water resiliency, sustainable…
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CLIMATE CHANGE
CarbonPool closes $12m to underwrite the carbon credit markets
CarbonPool, the world’s first insurance company with a carbon credit balance sheet, has closed a $12 million funding round to underwrite the carbon credit markets. Founded by former Allianz executives Coenraad Vrolijk, Nandini Wilcke and Frederic Olbert, CarbonPool aims to accelerate investment in carbon credits, which are crucial to achieving net zero, by providing carbon credit insurance with claims payments…
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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…
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AI & SUSTAINABILITY
Excarta raises $2.5m seed investment round to commercialize AI for business-targeted weather forecasting
Excarta, the pioneer of commercializing AI for business-targeted weather forecasting, has completed its seed round of investment to commercialize its AI-driven weather forecasting platform. The platform, already functional and “real world” proven, enables businesses to easily, quickly and inexpensively access or produce highly accurate, high-resolution weather forecasts for the parameters they care about. These AI-driven weather forecasts can dramatically enhance…
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AFRICA & MENA
OX Delivers secures funding to roll-out affordable clean transport for Africa
OX Delivers, a UK-based emobility startup, has received a £1.2 million funding grant from Energy Catalyst as the company readies its next-generation affordable all-electric OX4 truck for production. The £1.2 million Energy Catalyst grant will fund the development of a sustainable energy infrastructure in Rwanda from which OX Delivers EV trucks will benefit from. OX Delivers is already providing reliable,…
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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…
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NEWS
AfDB announces $15M investment in Trade and Development Bank to support clean technologies in Africa
The African Development Bank Group has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group’s (TDB Group) pioneering Class C Green+ shares to support clean technology and low-carbon projects in its member states. The new capital, to be sourced from the Clean Technology Fund (CTF), will also support the establishment of a project preparation…
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