AFC launches US$500m climate-resilient infrastructure fund

AFRICA – The Africa Finance Corporation (AFC) has announced the creation of an investment fund for climate-resilient infrastructure that will be managed by the new fund manager AFC Capital Partners. The Climate Resilient Infrastructure Fund (CRIDF) aims to improve the quality of ports, roads, bridges, railways, telecommunications facilities, clean energy production and logistics in Africa. The fund aims to provide an effective response to rising temperatures due to climate change. The fund manager will be headed by Ayaan Zeinab Adams, a climate investment specialist who has worked with the United…

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Mastercard launches new Sustainability Innovation Lab to empower businesses and consumers

GLOBAL – Mastercard, an American multinational financial services corporation, has announced the launch of its new Sustainability Innovation Lab, which will spearhead the further development of the company’s portfolio of environmentally conscious digital products and solutions. The Lab will focus on ways to empower businesses and consumers to transform how they produce, distribute and purchase products and services, ensuring both people and the planet can thrive as the global economy rapidly digitizes.  In support of the EU Green Deal, Mastercard selected Stockholm, Sweden as the home of the global Lab…

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SEFA to support creation of Kenya’s Super Energy Service Company with US$1m

KENYA – The Sustainable Energy Fund for Africa (SEFA) has announced a US$1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors. Super ESCOs are vehicles for channelling funds into public sector energy efficiency investments such as hospitals, schools, and street lighting, laying the foundation for private investment later in the commercial and industrial sectors. The…

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Mitsubishi UFJ Financial Group partners Invest Africa for Africa’s sustainable recovery

AFRICA – Mitsubishi UFJ Financial Group (MUFG), a financial service company, is partnering with Invest Africa, a leading trade and investment platform for the Continent, to support the region’s drive towards a sustainable recovery in the wake of the Covid-19 pandemic. The partnership will focus on Invest Africa’s annual flagship conference, The Africa Debate, which regularly assembles African policy makers and business leaders to debate the most pressing issues shaping the Continent’s economies and societies. Dr Christopher Marks, Managing Director and Head of Emerging Markets, EMEA at MUFG will discuss…

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ARM-Harith Infrastructure set to launch urban climate infrastructure solutions focused fund

MAURITIUS – ARM-Harith Infrastructure Investments Limited, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Limited Nigeria, is set to launch the ARM-Harith Cities and Climate Transition Fund (The ACT Fund). The ACT Fund is part of ARM-Harith’s broader climate finance platform and will invest in urban climate infrastructure solutions with an initial focus on renewable energy, urban mobility, water, and waste. This US$250 million-target fund is being designed in collaboration with the Global Innovation Lab for Climate Finance, a public-private partnership initiative funded by the Dutch,…

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Stellantis extends partnership with Morocco to produce electric cars

MOROCCO – Stellantis (formerly PSA), a Dutch-domiciled multinational automotive manufacturing corporation, has extended its partnership with Morocco to produce electric cars in the Citroen Ami assembly plant in Kenitra. The Kenitra plant will also produce the Opel Rocks-e, an electric car recently launched on the international market by German carmaker Opel, a subsidiary of the Stellantis group. It is a short two-seater of 2.41 metres, which can be driven by young people from the age of 15, especially in Germany, with an AM1 driving licence. The Opel Rocks-e is actually…

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De Beers partners National Geographic Society for wildlife conservation in Okavango Basin

NAMIBIA – Diamond conglomerate De Beers has signed a five-year partnership with the National Geographic Society to preserve the rich biodiversity of the Okavango Basin, which straddles central and southern Africa and coming at a time when this African wildlife refuge is threatened by oil development. Over the years, the National Geographic Society has become a key player in the preservation of biodiversity in Africa, thanks in part to its National Geographic Wild television channel. The “Okavango Eternal” initiative aims to strengthen nature conservation and community support in the Okavango…

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Equity Group social impact projects investments during H1 2021 hit US$496m

KENYA – Equity Group Plc intensified its ‘shared prosperity’ business model in the first half of 2021 by investing US$ 496 million in social impact projects through Equity Group Foundation.   The projects are anchored around the Foundation’s key pillars, namely: health, energy and environment, food and agriculture, enterprise development and financial inclusion, education and leadership development, and social protection.   Equity Group Managing Director and CEO Dr. James Mwangi believes the Group’s principle of putting people before profits has greatly contributed to the Group’s impressive performance in the just-released…

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Rwanda and Luxembourg launch waste recycling project in Kigali

RWANDA – The government of Rwanda and Luxembourg have launched a waste recycling and management project that will recycle, improve city solid waste control and hazardous waste management in Kigali city. Codenamed “Waste to Resources”, the three-year project aims at adopting integrated sustainable waste management methods including waste segregation, transfer, sorting, treatment, recovery, and disposal, in an integrated manner and business models to increase the capacity of the waste management system. The launch of the waste to resource project follows Memorandum Of Understanding (MoU) signed between the Ministry of Environment…

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MultiChoice and NamiGreen in e-waste disposal partnership

NAMIBIA – The Namibian subsidiary of MultiChoice, a satellite TV service provider, has chosen NamiGreen, an electronic waste management company to recycle its electronic waste in Namibia. The agreement between the two partners was concluded on August 13th, 2021. Satellite TV service provider MultiChoice is looking to reduce its environmental impact through the sustainable management of its electronic waste in Africa. The company based in the Namibian capital Windhoek will recycle MultiChoice’s e-waste.  “This includes their DStv and GOtv boxes and other electronic devices, such as phones, gadgets, etc.,” said NamiGreen.…

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