Electric motorbike company Ampersand Rwanda secures US$3.5m investment from VC fund Ecosystem Integrity Fund

RWANDA – Electric motorbike company Ampersand Rwanda Ltd has secured a US$3.5 million investment from Ecosystem Integrity Fund (EIF), its largest-ever venture capital fund investment in sub-Saharan Africa. According Ampersand founder/CEO Josh Whale, the deal marks a turning point in global electric transport. “EIF’s support further dispells the myth that electric transport will happen in rich nations first and trickle down to developing countries later, second-hand,” he added. The San Francisco-based Ecosystem Integrity Fund is a sustainability-focused venture capital company, which invests in companies that reduce or ameliorate threats to…

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Aerospace manufacturer Bell becomes first rotorcraft customer to use sustainable aviation fuel for training

WORLD – American aerospace manufacturer Bell Textron Inc., a Textron Inc. company, has announced that it will begin incorporating Sustainable Aviation Fuel (SAF) into all Bell Training Academy (BTA) and customer demonstration fleet aircraft. Bell will be the first rotorcraft customer to receive SAF supply from global aviation fuel supplier, Avfuel Corporation. “Bell is an active supporter of the General Aviation Manufacturers Association’s sustainable fuel initiative, and we are committed to seeking eco-friendlier solutions for rotorcraft,” said Michael Thacker, Executive Vice President, Technology and Commercial Business. “As the industry moves…

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Taxi-hailing firm Bolt introduces eco-friendly rides

KENYA – Taxi services firm Bolt has introduced a new ride category on its platform dubbed Bolt Green to offer eco-friendly rides as the company moves towards reducing its greenhouse gas emissions.  In a statement issued to the press, the platform said the category will have hybrid and electric cars in which it aim to reduce emissions during trips taken on the Bolt platform thus offering greener transport options. The eco-friendly ride will attract similar rates as the Bolt Base category, with a minimum fare of US$2.74 and passengers will be able…

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Data centre MDXi to promote sustainable development by reducing greenhouse gas emission

NIGERIA – MDXi, a carrier-neutral data centre and a fully owned subsidiary of MainOne, the broadband infrastructure company, has announced focus on reducing greenhouse gas emission in its quest to promote sustainable development. The organisation has a focus on deliberate action and a commitment to doing what is right even though it comes at a high cost. Obtaining 100 per cent of its power supply from the national grid due to private investment implies the company can reduce its dependence on fossil fuels. In addition, even before construction commenced, the…

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Japan provides US$240m development finance to Egypt for sustainable development

EGYPT – The government of Egypt, through the ministry of international cooperation and finance, has inked an agreement with the Japanese government, represented by the Japanese Embassy in Cairo and Japan International Cooperation Agency (JICA). The deal provides a development finance of US$240 million for Egypt. The accord targets development financing policies in energy and budget support in Egypt, aiming to enhance the green growth and sustainable development as well as alleviating the repercussions of climate change and countering the impact of COVID-19. The agreement was signed by Minister of…

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