Kenya Archives - Page 2 of 11 - AfricaBusiness.com

Mobilizing Blended Finance for Climate Investments in Kenya

29Mar

By Africa BusinessNo Comments

Kenya News

Mobilizing Blended Finance for Climate Investments in Kenya

By Utsav Mulay, Climate Finance, ESG and Carbon Markets Expert at Intellecap Kenya faces the formidable challenge of aligning its climate action with its development goals. The heart of this challenge lies in the financial mobilization required to transform these ambitions into tangible outcomes. According to the insightful "Landscape of Climate Finance in Kenya" report by the Climate Policy Initiative (CPI) in March 2021, a staggering $40 billion is required to meet Kenya's mitigation and adaptation needs by 2030 under its Nationally Determined Contribution (NDC) to the Paris Agreement. Kenya's Climate finance needs span energy, agriculture, water, and forestry. In energy, Kenya aims to transition to renewable energy sources, such as wind, solar, and geothermal, to not only reduce its ...

Curio Collection by Hilton Debuts in East Africa with the Opening of Kwetu Nairobi

27Mar

By Africa BusinessNo Comments

Africa Travel, Kenya News

Curio Collection by Hilton Debuts in East Africa with the Opening of Kwetu Nairobi

Hilton’s lifestyle brand Curio Collection by Hilton debuts in Kenya, with a fusion of historic charm and a refined contemporary design for an immersive guest experience. Curio Collection by Hilton today announced the opening of Kwetu Nairobi, Curio Collection by Hilton in Kenya's vibrant capital, Nairobi. The opening marks the debut of Curio Collection by Hilton in East Africa and Hilton’s latest opening in the Kenyan capital, with a promise to provide guests with curated, unique experiences. Kwetu Nairobi, Curio Collection by Hilton is located near the Central Business District, Gigiri, home to the United Nations headquarters, multiple embassies, and one of the largest expat communities in Africa, and is on the edge of the Karura Forest, providing the perfect escape from the hustle and...

Unlocking a Refill and Reuse Revolution within Kenya’s Food & Beverage Industry

1Feb

By Africa BusinessNo Comments

Kenya News

Unlocking a Refill and Reuse Revolution within Kenya’s Food & Beverage Industry

In the city's bustling lifestyle, takeout packaging in the Food & Beverage industry has to be among the most convenient inventions. As you rush out of the house early on your way to a career-deciding meeting, you pass by your favorite coffee shop and pick up a coffee to-go. It is conveniently packed in an innovative paper cup with a plastic lid. After having your coffee, you responsibly dispose of the cup, hoping it gets to the recyclers, especially the plastic lid, and not in a landfill. Now, assume that there were 100 people with a similar morning routine at one coffee shop in an area with ten shops. In one day, we would possibly have over 1,000 plastic coffee cup lids, which could contribute to the over 1 Million tons of plastic waste produced in Kenya annually. How can we revers...

10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase

16Jan

By Africa BusinessNo Comments

Events, Kenya News, Startups

10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase

Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in the ecosystem. According to data from Africa: The Big Deal, African startup funding experienced a 39 percent decline, falling to $2.9bn in 2023 from $4.6bn recorded in the previous year. The 250+ entries received from various countries across Africa, including Kenya, Egypt, Tanzania, Nigeria, Ghana, South Sudan, Malawi, Angola, Morocco, Botswana, Benin, Congo, Uganda, South Africa, Sierra Leone and more, highlight t...

tappi Raises $1.5M in Oversubscribed Pre-Seed Round to Digitize and Build Online Trust for Africa’s SMEs

6Dec

By Africa BusinessNo Comments

Business, Kenya News

tappi Raises $1.5M in Oversubscribed Pre-Seed Round to Digitize and Build Online Trust for Africa’s SMEs

Funds to Accelerate Trust in Digital Commerce Ecosystem, as tappi Achieves 19% MoM Growth with $3M in Verified Consumer Transactions tappi, an end-to-end digital commerce SaaS solution tailored for small and medium-sized businesses, has raised $1.5M in an oversubscribed Pre-Seed round led by Mercy Corps Ventures and Chui Ventures. With participation from Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups and Reflect Ventures, the investment also saw contributions from angel investors and advisors from global tech companies, including Google, Salesforce, Zendesk and the financial sector. The early-stage funding will further tappi’s mission to empower SMEs to gain visibility and build trust in the digital commerce ecosystem as the company broadens its footprint acro...

23Nov

By Africa BusinessNo Comments

Kenya News

Africa Climate Weak or Strong?

By Ashay Abbhi, Climate Change Expert, Intellecap Kenya. “We will hold you to your promises”, echoed the voice of a child across the packed hall at the Africa Climate Week. The sentence reverberated not only the child’s sentiment but also that of the entire continent. As civilisation thrived, the continent went from being the cradle of civilization to the dump yard of urbanization. The promises made to uplift Africa and its people have failed to provide equitable justice. The trend continues. The promises made to save Africa from climate change have seen little light thus far. Africa contributes only 2-3% to the global emissions and yet it is one of the most climate vulnerable regions. At the Africa Climate Summit 2023, this sentiment loomed large among Africans and visitors alike. The ...

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

25May

By Africa BusinessNo Comments

Fintech, Kenya News, Startups

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. This cohort was selected from over 500 applications and is part of the EMEA Startup Loft Accelerator (SLA) program run by AWS. The pre-seed and seed stage fintech startups will start the 10-week program in June. Each startup will get technical review workshop sessions and up to $25K USD in AWS technical credits, world leading sector advice and one-to-one mentorship from major industry players including the Africa Fintech Summit (AFTS), Lendsqr and Vestbee to help them build their businesses. Africa’s fintech ecosystem is one of the fastest growing globally reaching $2B US...

Change the Story: A new report explores the local carbon market in Kenya

28Mar

By Africa BusinessNo Comments

Kenya News

Change the Story: A new report explores the local carbon market in Kenya

Through the Sustainable Inclusive Business (SIB-Kenya), the Kenya Private Sector Alliance (KEPSA) has released a report dubbed “Change the Story: Developing a Local Carbon Market in Kenya”. The report describes the current situation, reflects on the opportunities for a Kenyan carbon market, and comes just days after the 2023 Earth Hour celebrations. It has been published in partnership with the global Sustainability Consultant Group, TheRockGroup. Climate change and biodiversity are complex, global, and interconnected issues. This report is limited to the role of the Kenyan private sector in the voluntary carbon market (VCM) with a focus on nature-based solutions (NBS) in addressing global warming, biodiversity loss, and deforestation. It is part of the Change the Story project by SIB-Ken...

Fast-Tracking Universal Health Coverage in 2023: It’s time to focus on innovation and knowledge partnerships

18Feb

By Africa BusinessNo Comments

Kenya News, Medicine

Fast-Tracking Universal Health Coverage in 2023: It’s time to focus on innovation and knowledge partnerships

by Basil Malaki, Knowledge Transfer Manager for Kenya at Innovate UK KTN Global Alliance Africa As the leading economy in East Africa, it is no surprise that Kenya often ranks top across several developmental indicators. In terms of economic growth, the country has maintained an annual GDP growth rate of 5% with GDP per capita almost doubling in the decade between 2010 (Ksh135,641) to 2021 (Ksh258,252)[1]. At the same time, life expectancy has increased from roughly 51 years in 2000 to about 66 years in 2018[2] with inequality slowly but surely decreasing on the Gini index[3]. Together, these indicators paint a promising picture of a state on the rise, especially when considering the vastly different growth trajectories of its neighbours such as Somalia and South Sudan. But while good pr...

11Feb

By Africa BusinessNo Comments

Eritrea News, Kenya News

Highlighting Recent Eritrea-Kenya Engagement

By Dr. Fikrejesus Amahazion Earlier this week, President Isaias Afwerki traveled to Kenya to meet with President William Ruto, following up on the latter’s visit to Eritrea late last year. During the two-day working trip to Nairobi, President Isaias, accompanied by a high-level delegation, held extensive talks with his counterpart and other Kenyan government officials. To conclude the trip, the two leaders held a short press conference, and a joint communiqué was signed by FM Osman and Dr. Alfred N. Mutua, Kenya’s Cabinet Secretary for Foreign and Diaspora Affairs. While the press briefing and joint communiqué offered numerous significant points, a few interesting ones are highlighted below. Mutual respect The two leaders demonstrated their mutual respect on several occasions. In comme...