Uganda Bags KSh 4.7Bn Grant for Slashing Emissions
Uganda has secured a US$ 31 million (KSh4.7 billion) grant from the Green Climate Fund (GCF), in recognition of its tangible gains in curbing deforestation and cutting carbon emissions.
Second Africa Climate Summit Opens With Calls to Unlock Trillions for Green Growth
African leaders and the United Nations have urged the world to unlock investment and reforms that would allow the continent to drive global climate action, warning that its vast potential [...]Court Upholds KSh 6.9 Billion Tax Demand Against Nairobi Expressway Contractor
Africa Climate Summit Management Fails to Account for Millions
The Auditor-General has queried the accuracy of the expenditure of millions of shillings in the Africa Climate Summit hosted in Nairobi two years ago, after the event's management used donor [...]3 Scientists Win Economics Nobel Prize for Demonstrating Why Nations Fail
The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in economics to three scientists, including the authors of the world-renowned book “Why Nations Fail”—Daron Acemoglu, James Robinson, [...]
HSBC to Exit South Africa in Deals with Absa, FirstRand
Multinational British lender HSBC Holdings has agreed to transfer its South African business to FirstRand and Absa in separate deals as it continues to pivot towards Asia. “Following a strategic [...]How to Protect Your Organisation From Fake Job Applicants
In a startling turn of events, KnowBe4, a leading cybersecurity awareness training company, recently uncovered an elaborate scam when it unwittingly hired a North Korean spy. This incident has sent [...]Green Climate Fund Approves $151mn for AfDB Horn of Africa Climate Program
The world's largest climate fund, The Green Climate Fund (GCF), has approved $151 million in financing for an African Development (AfDB) program to address climate vulnerability in the Horn of [...]Climate Investment Funds Endorse Kenya’s $70m Energy Plan
The Climate Investment Funds (CIF), through its Trust Fund Committee, has endorsed a $70 million plan, with an initial allocation of $46.39 million. It is expected to mobilize at least [...]
ATIDI to Underwrite 20MW Solar Project in Uganda
ATIDI (African Trade Investment Development Insurance), has announced its intent to support the 20 MW Ituka West Nile Uganda Ltd solar project developed by AMEA Power, a Dubai-based Independent [...]CBK is Committed to Green Finance-Governor Dr Kamau Thugge
Central Bank of Kenya(CBK) Governor Dr. Kamau Thugge has disclosed that to make Kenya a green finance hub, the monetary authority has embarked on a second phase of reforms that [...]Absa Bank sets Aside Over Ksh120b for Sustainable Projects
Absa Bank Kenya has locked over KSh120 billion to influence sustainable projects within the Kenyan economy in the next three years. In its new Sustainability Report released on Wednesday, Absa [...]
