NEWS
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Biogas tech firm Sistema.bio acquires Inclusive Energy
Sistema.bio, a biodigester technology firm has acquired Inclusive Energy (IE). As a pioneer in remote sensors for biogas and solar energy systems, IE is at the forefront of digital Monitoring, Reporting and Verification (dMRV). This strategic acquisition will significantly enhance Sistema.bio’s capacity to deliver high-impact biogas solutions with improved digital MRV capabilities, benefiting small holder farmers worldwide with better service and long-term…
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Kenya Power Announces Kshs.30 Billion in Net Profit For The Financial Year 2023/24
Kenya Power recorded a KShs.30 billion net profit for the year ended 30th June 2024. The improved profitability was mainly supported by growth in revenue from electricity sales as well as decreased finance costs due to the strengthening of the Kenya Shilling against major global currencies. During the year, electricity sales increased by 21% to KShs.231.12 billion from KShs.190.98 billion…
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Afstor Appoints New Leadership to Drive Sustainable Solutions in Sub-Saharan Africa
Afstor Oy, a leading technology developer in renewable energy solutions has announced a new leadership team and a strategic business plan aimed at expanding its impact in the solar cooking market. Nina Harjula will assume the role of CEO and partner with Kimmo Rauma as the new Chairman of the Board. Harjula joins Afstor from Danfoss Editron, where she has…
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KenGen reveals an ambitious 10-year plan to fast-track green energy expansion
Kenya Electricity Generating Company PLC (KenGen) has unveiled its bold G2G Strategy 2024–2034, a visionary roadmap aimed at spearheading Kenya’s transition to a sustainable and green energy future. The strategic plan cements KenGen’s position as a trailblazer in renewable energy, with a clear focus on expanding geothermal, wind, and solar investments, advancing operational efficiency, and integrating cutting-edge technology for the good…
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Bboxx Launches $100 Million Pan-African Carbon Credit Program for Clean Technologies
Bboxx has achieved Gold Standard carbon credit certification for its clean energy projects in multiple countries in Africa, including Rwanda, Kenya, Togo, and the DRC. This recognition covers solar home systems, PAYGO clean cooking solutions, and solar-powered water pumps, collectively generating over 35,000 carbon credits annually. In total, the projects are expected to offset more than 20 million tons of…
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Accelerate Regulations to Boost Kenya’s Carbon Markets, Experts Urge
Kenya could earn billions of dollars from the global market in carbon credits but needs to finalise the regulations needed to achieve that potential. This is according to speakers at Diamond Trust Bank’s Sustainability and Economic Forum. Despite being the first country in Africa to enact Kenya Climate Change Act in 2016 to help tackle climate change, it amended the law in 2023 to include…
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NCBA Leasing LLP Offers Lease-to-Own for Solar PV and Executive Vehicles
NCBA has introduced two leasing solutions to the market: Solar PV and Executive leasing solutions. The bank, through its subsidiary, NCBA Leasing LPP, aims to lead by providing businesses with flexible financing solutions to transition to renewable energy, reduce their carbon footprint, and lower energy costs. Compared to similar solutions in the market, NCBA Leasing will offer customers longer leasing…
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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…
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NCBA Launches New Solar Leasing Product for Local Businesses
Continuing with its Sustainability initiatives, NCBA Bank on Tuesday announced the launch of a new Solar Photovoltaic (PV) campaign targeting local businesses. The campaign seeks to help businesses reduce carbon footprints and manage increasing energy costs by providing easier mechanisms to adopt solar power. Via its innovative Solar PV Leasing solution, NCBA Bank looks to extend cheap and flexible access…
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BasiGo secures $42 million to scale electric bus supply in East Africa
BasiGo, the Kenyan electric vehicle manufacturer has closed US$42 million in new funding led by Africa50, the pan-African infrastructure investor and asset manager The funding round consists of US$24 million in Series A equity funding along with US$17.5 million in debt facilities from British International Investment (BII) and the U.S. Development Finance Corporation (DFC). The equity round features co-investments from…
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