Nairobi Archives - Page 2 of 6 - AfricaBusiness.com

Shelter Afrique roots for climate-resilient affordable housing at the Africa Climate Summit

7Sep

By Africa BusinessNo Comments

African News, Kenya News

Shelter Afrique roots for climate-resilient affordable housing at the Africa Climate Summit

Governments should create incentives for the production of well-located affordable housing that minimizes construction costs, enhances sustainability, and offers better mobility. Nairobi-based, pan African housing development financier Shelter Afrique has implored African governments to adopt climate-resilient housing and create incentives for the production of well-located affordable housing that minimizes construction costs, enhances sustainability, and offers better mobility. Speaking on the session themed 'Integrated Liveable African Cities’ at the Africa Climate Summit – hosted by the Government of Kenya in collaboration with the African Union Commission, Shelter Afrique Managing Director, Thierno Habib Hann, said it was imperative to enhance climate adaptation mechanisms in climate...

14Aug

By Africa BusinessNo Comments

Energy, Tanzania News

d.light closes USD$125M funding through a securitization facility to meet growing demand for off-grid solar products in Tanzania

New funding brings total potential in securitized financing raised since 2020 to USD$490M d.light, the global provider of transformational household products and affordable finance for low-income households, today announced a $30 million securitization facility has been successfully secured from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets. d.light will use the capital to increase its existing securitized financing facility in Tanzania and scale up its low-cost Pay-Go personal finance service in the country so that more low-income people and households can purchase the company’s affordable, solar-powered household products. d.light has now raised $490 million in total securitized f...

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...

Government Endorses Elimination of Problematic Plastics by the Kenya Plastics Pact

15Nov

By Africa BusinessNo Comments

Kenya News

Government Endorses Elimination of Problematic Plastics by the Kenya Plastics Pact

The Kenya Plastics Pact has published a list of problematic and unnecessary plastic items to be eliminated in Kenya. This adds to the already existing Government’s plastic bag ban that came into force in 2017, and the ban on selected single-use plastic items in protected areas since June 2020. The priority list supports a collective plan to meet the target of phasing out problematic and unnecessary plastic items by 2030 and has been endorsed by the Government through the Ministry of Environment and Forestry, and thirty-nine Kenya Plastics Pact business members and supporters. The priority list is disaggregated into plastic packaging items, non-packaging plastic items, and additives. The plastic packaging items listed include all polystyrene (PS) packaging, polyvinyl chloride (PVC) rigid p...

16Dec

By Africa BusinessNo Comments

African News, Kenya News

Jiji Kenya Wins as the Mobile App of the Year| Shopping and E-commerce in the Mobile App and Summit Awards, 2021

Jiji, one of the most popular e-commerce sites in Kenya and the largest online classifieds in Kenya, has scooped the Mobile App of the Year, Shopping and E-commerce category. The award was presented to Jiji Kenya during the Mobile App and Summit Awards, 2021, which was held at the PrideInn, Westlands, on Friday, 10th December 2021. The Annual Mobile App Summit and Awards recognize and celebrate the best practises in mobile app design, animation, and user experience across a range of categories, including and not limited to news, entertainment, shopping and e-commerce, agri-tech, travel, health and lifestyle, education, games, social and communications, transport and logistics, gambling, food, and beverage. Jiji Kenya has continually set itself as a leader in the e-commerce industry thro...

9Dec

By Africa BusinessNo Comments

Startups

AUDA-NEPAD, JICA, Afreximbank & BCG Empower Accelerator Cohort Of Five Successful East African Healthcare Companies

This is off the back of the Home-Grown Solutions (HGS) Accelerator for Pandemic Resilience, an initiative that aims to accelerate the growth of African healthcare companies to strengthen the continent’s pandemic resilience The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG) held an event to congratulate 5 burgeoning start-ups who are shaping East Africa's healthcare sector and announce both a publication on healthcare entrepreneurship in Africa and the opening of applications for next year’s Accelerator cohort. H.E. Dr. Ibrahim Assane Mayaki said,” Infectious diseases remain a great threat to Africa’s aspiration to achieve its 2063 developmental blueprint: ‘‘Agenda 2...

3Dec

By Africa BusinessNo Comments

Energy, Green Energy, Kenya News

A Just Transition to Climate Resilience Could Transform Kenya into a Green Powerhouse

The Continent Is Highly Vulnerable to Climate Change, However, and Needs Significant Global Investment to Adapt to Higher Temperatures, Build Low-Carbon Economies, and Create Local Green Employment African countries face major climate-related challenges, but at the same time they have the opportunity to achieve sustainable low-carbon economies, according to a new report by Boston Consulting Group (BCG). The report, titled “Building a Climate-Resilient, Low-Carbon, Job-Rich Africa,” identifies particular disadvantages that countries on the continent must overcome but also their potential to become a model for transforming a power system based on fossil fuels to one based on renewables. Although Africa was responsible for only 4% of global CO2 emissions in 2019, it accounts for 35 of the 5...

12Nov

By Josephine WawiraNo Comments

Kenya News

Messing with nature is risky business!

For a long time now, economy and the conservation of biodiversity seemed to be two different worlds. Not many CEOs or financial managers were able to explain how their company’s impact contributed to the loss of species, deforestation or the acidification of oceans. But times have changed. Today, trailblazing entrepreneurs understand that they don’t have to be biologists to recognize the correlation between nature and the economy. In simple terms; on a dead planet, there would be no thriving business. Biodiversity is on the verge of collapse The more we know about nature, the clearer it dawns to us that messing with nature is risky business. Take these instances: We cut down trees to make wood products for sale. In turn, deforestation destroys our essential ecosystem services; and we...

9Nov

By Krima DesaiNo Comments

Kenya News

Kenya Still Faces Challenges in Sending 100% of Students to High School

Kenya has long aimed to bring 100 percent of its primary students to high school. Over one million Kenyan students finished their primary school education in 2020, and all are expected to attend high school, but many factors continue to hold these students back. Many Kenyan parents are unable to pay for the school fees and many students must travel long distances just to get to their schools. The government has helped solve some of these challenges through partnerships with private sector businesses for education funding and eradicating poverty by empowering local communities. Many tuition fees are also waived for secondary schools. But parents still must pay for meals, transportation, uniforms and other things necessary for learning, and many Kenyan communities still have cultural tra...

18Oct

By Africa BusinessNo Comments

Kenya News

Autochek Officially Launches in Kenya

African automotive company aims to increase its footprint across East Africa Nairobi, Kenya - Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya as part of its pan-African expansion. To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager. Having recently acquired automotive marketplaces Cheki Kenya and Cheki Uganda from ROAM Africa (Ringier One Africa Media), the move into the Kenyan market signals Autochek’s focus on building digital solutions that will increase market adoption for auto loan financing and drive partner prosperity for its core stakeholders, such as dealerships, garages and financial institutions. With credit penetration in Kenya at 27.5% and ...