NEWS

  • renewable energy in Affrica

    Africa’s renewable energy market poses $193-Billion opportunity by 2031

    The size of Africa’s investment opportunity in renewable energy represents a potential US$193-billion by 2031. However, realising this potential will require access to innovative funding models and a robust secondary finance market to recycle and widen the available capital pool. This is according to new research from global consultancy firm Wood Mackenzie, commissioned by Revego Fund Managers and MOBILIST. Amid…

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  • Real estate ESG

    Daniella Nyakuraya: Ways The Kenyan Real Estate Sector Can Tap Into The ESG Agenda To Make An Impact

    Since the Environmental, Social, and Governance (ESG) concept started taking shape, there have been various campaigns encouraging businesses globally to adopt more sustainable business practices, pushing them to shift their attention from product and service delivery to sustainability. Despite ESG reporting not having gained much traction in Kenya, we are gradually incorporating it into company standards. The Kenya Companies Act of…

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  • Standard Chartered Sustainability

    Standard Chartered Advances Sustainability Agenda

    Standard Chartered on Monday released its 2023 Sustainability Progress Report, highlighting the achievements made in support of its long-term sustainability ambition.   The Report covers activity across three focus areas, including building a Sustainable Business, enhancing Sustainable Operations and working with partners to support Sustainable Communities.  The Report highlights that in 2023, the Bank grew its total Sustainable Finance assets to…

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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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  • Sustainable Startups Selected to join Women In Tech KES 22 Million Programme

     Standard Chartered and @iBizAfrica- Strathmore University have announced the latest inductees into their transformative ‘Women In Tech’ programme. This year’s Standard Chartered Women In Tech programme aims will bring together female entrepreneurs who are leveraging technology to spearhead sustainable startups that generate impact. In line with this objective, the aim for this year’s cohort is to enable these startups to…

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  • NCBA Tree planting

    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 foodtech startup Clean Food Group secures £2.5m funding to accelerate commercialization of its sustainable oils and fats technology

    UK-based foodtech startup Clean Food Group, has announced a further £2.5 million in funding from Clean Growth Fund, a climate-specific UK venture capital fund, providing UK cleantech entrepreneurs with the expertise and capital they need to reduce carbon emissions and tackle the climate crisis. The funding will be used to accelerate the commercialization of Clean Food Group’s sustainable oils and…

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  • CarbonPool closes $12m to underwrite the carbon credit markets

    Hamburg-based Novocarbo raises €25m funding to catalyze Europe’s net zero infrastructure

    Hamburg-based startup Novocarbo, has secured €25 million in growth funding to establish a pan-European infrastructure network of its net-zero solution. The investment, made by SWEN Capital Partners (SWEN CP), marks one of the largest CDR-investments in Europe within the last year. With the new financing through the SWEN Impact Fund for Transition 2 fund, Novocarbo will further expand its network…

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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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  • NCBA Group has signed a USD 50 million (Sh6.7bn) facility with  French development finance institution Proparco

    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…

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