BRAND & SUSTAINABILITY
-
Kenya Power launches new sustainability strategy
Kenya Power has officially launched its Sustainability Strategy that will provide a roadmap for the entrenchment of sustainable business operations within the Company. The Strategy will drive the implementation of measures to reduce environmental carbon footprint, prioritisation of inclusivity and well-being of the Company’s stakeholders, responsible utilization of resources, and upholding of corporate and ethical practices. The Strategy also identifies…
Read More » -
COP29: SEforAL and IBM Unveil AI Solutions for Energy and Urban Growth
At COP29, IBM and Sustainable Energy for All (SEforALL) unveiled new AI-powered solutions to support sustainable urban development globally. The two said in a statement that these publicly available tools help policymakers and decision-makers map urbanization and address energy and infrastructure needs in developing regions. “At IBM, we’re proud to launch solutions that harness the power of artificial intelligence to…
Read More » -
Oslo-based Glint Solar closes $8m to accelerate global solar power adoption
Oslo-based solar developer software Glint Solar, has secured $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler. The solar power industry has seen record growth over the last few years, with the annual global solar PV capacity increasing by 87% between 2022 and 2023. However, more still needs to be done to…
Read More » -
OpenAirlines secures €45m imvestment to accelerate aviation industry’s ecological transition
OpenAirlines, a global provider of eco-flying software solutions, has announced a new milestone in its growth trajectory after raising €45 million from Eiffel Investment Group, leading the operation through its Eiffel Essentiel fund, with the backing of Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investments. Both funds are leading the way in Europe’s energy transition. These two players…
Read More » -
KCB Group CEO among 100 Global CEO feted for Championing Sustainability
Four Kenyan business leaders are among 100 global recipients of the 2024 Meaningful Business 100 (MB100) award, which recognises leaders who transform their businesses to benefit society and generate profits. The four honorees stood out as national role models in sustainability and impact-driven innovation. The 2024 Kenyan MB100 awardees include: Paul Russo, CEO, KCB Group Lucy Mutinda, Founder & CEO,…
Read More » -
Kenya’s Keep It Cool Bags £1 Million Prince William’s Earthshot Prize
Keep It Cool, a pioneering Kenyan enterprise dedicated to sustainable innovation has been named one of the five winners of the prestigious 2024 Earthshot Prize. This honor includes a £1 million award to help further the impact of Keep It Cool’s environmental solution, which tackles food spoilage and waste while improving community livelihoods. Established by Prince William, the Earthshot Prize…
Read More » -
CIC Insurance Group Rolls Out its Six-year Sustainability Plan
CIC Insurance Group has released its inaugural sustainability report, emphasizing its commitment to sustainable products and resilient risk management solutions. The report, part of the company’s long-term sustainability strategy, aims to increase microinsurance policies at CIC Group to 25 percent by 2030, achieve gender balance across the workforce by 2030, and increase the percentage of revenue spent on Social Investment…
Read More » -
Key Highlights From The Safaricom 13Th Sustainable Business Report
Safaricom 13Th Sustainable Business Report: The telco contributed KES 983 billion to the Kenyan economy as it sustained 1,283,329 jobs in the last Financial Year. This is according to the telco’s 13th Sustainable Business Report, which was released on Thursday as it begins its transition to be Africa’s leading purpose-led technology company by 2030. Safaricom’s economic value to society through…
Read More » -
Acorn Holdings redeems Africa’s first green housing bond early
Acorn Holdings Limited has announced the early redemption of its Ksh 5.7 billion Green Bond, marking a significant milestone in its journey towards sustainable development and economic empowerment. The company says it has completed the repayment of the remaining Ksh 2.7 billion, along with accrued interest, well ahead of the official maturity date in November. Issued in 2020, the Green…
Read More » -
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…
Read More »