ENVIRONMENT
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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…
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UK startup Naturbeads secures £7.8m funding to address worldwide microplastic pollution
UK startup Naturbeads has secured £7.8 million Series A funding round to further develop its pioneering technology that addresses worldwide microplastic pollution. Eos Advisory led the round alongside existing investor Progress Tech Transfer, and new investors CDP Venture Capital through its Corporate Partners I Fund, PI-NB, and Paragon Capital Management in Singapore through its early-stage VC fund, Paragon Ventures I.…
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Christophe Orcet: Retailers Need to Engage Customers More to Tackle Plastic Pollution
Kenya, like many countries, faces a formidable challenge: plastic pollution. Each year, over 966 thousand tonnes of plastic waste is generated in the country, according to the UNEP Sustainable Manufacturing and Environmental Pollution’s (SMEP) programme. From that, a staggering 37 kilotons seep into our environment and oceans. This pollution harms wildlife, contaminates our ecosystems, and poses health risks to humans.…
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Championing Sustainability: How Glovo is Leading the Charge in Environmental Protection
In recent years, the global conversation around sustainability has intensified, with businesses recognizing their critical role in mitigating climate change and reducing environmental footprints. At Glovo Africa, we are not only part of this conversation but are actively driving tangible change through a steadfast commitment to sustainable practices, fostered by innovative initiatives and collaborations. Transforming Urban Mobility with Electric Vehicles…
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NCBA Plants 10,000 Trees In Nakuru County To Mark World Environment Day
NCBA has today partnered with Baboon Project Kenya for a tree planting drive across Nakuru. The initiative is part of NCBA’s commitment to environmental sustainability including combating climate change, enhance biodiversity, and restore natural landscapes in Kenya and in line with this year`s World Environment Day theme: Focusing on land restoration, desertification and drought resilience. The Baboon Project Kenya is…
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UK-based startup WASE secures £8.5m to scale waste-to-energy technology
WASE, a UK-based startup that is unlocking the power of waste to make it the fuel for the future, announced it has secured £8.5 million funding round. The round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, the family venture capital firm of the European multigenerational family business WEPA, and Engie New Ventures, the CVC arm of the global energy…
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Sponsored rally drivers lead in afforestation efforts ahead of 2024 WRC rally
KCB Bank in collaboration with its rally-sponsored drivers has embarked on an ambitious drive to plant 2,000 trees as part of its afforestation efforts ahead of the 2024 WRC Safari Rally set for the Easter Weekend in Naivasha. The initiative is part of the bank’s support to greening Kenya through the KCB Linda Miti project, which aims to plant and…
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Wastewater recycling company Membion receives €5m investment to accelerate growth
Membion GmbH, the Aachen-based developer and producer of membrane bioreactor (MBR) modules for wastewater treatment, has received an investment of €5 million led by TechVision Fonds (TVF) and DeepTech & Climate Fonds (DTCF). With the multi-patented technology, municipal and industrial wastewater treatment plant operators can meet the growing demands on water quality and significantly reduce operating costs. Membion will use the…
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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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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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