Author: Wanjiku Njugunah

President Uhuru Kenyatta said renewable energy currently accounts for 73% of Kenya’s installed power generation capacity  The Kenyan leader called on the international community to invest more in research, innovation and technology transfer He also reaffirmed Kenya’s commitment to the below 1.5 degrees climate ambition, and announced the country’s endorsement of the proposed Glasgow decision on ‘power and green hydrogen in the energy sector’ President Uhuru Kenyatta has told the international community that Kenya is determined and on course to achieving full transition to clean energy by the year 2030. The President noted that renewable energy currently accounts for 73%…

CDC Group will invest over £3 billion (US$ 4 billion) to support emerging economies in Africa and Asia to combat the climate emergency The commitment will make CDC one of the world’s largest climate finance investors in Africa and select South Asian markets The funding will be invested over the next five years across a number of different sectors, such as renewable power, infrastructure and agriculture, including forestry British development finance institution CDC Group will invest over £3 billion (US$ 4 billion) to support emerging economies in Africa and Asia to combat the climate emergency, the Group announced during the…

President Uhuru Kenyatta has told world leaders that Kenya will be a steadfast champion of the interests of African countries and the entire Global South on climate change at the UN Security Council He noted that Kenya will particularly focus on creating a compelling case for the nexus between climate change and security He spoke when he delivered Kenya’s national statement at the World Leaders Summit of the ongoing 26th United Nations Climate Conference (COP26) Kenya’s President Uhuru Kenyatta has told world leaders that the country will be a steadfast champion of the interests of African countries and the entire…

China has reaffirmed its commitment to supporting the East African Community (EAC) achieve regional integration by promoting its development projects Mingjian expressed China’s keen interest in augmenting its cooperation with EAC, adding that it would positively impact EAC products going to Chinese markets especially agricultural products China will continue to support the East African Community (EAC) achieve regional integration by promoting its development projects. This is according to the Chinese Ambassador to Tanzania and EAC Chen Mingjian who expressed China’s keen interest in augmenting its cooperation with EAC, adding that it would positively impact EAC products going to Chinese markets…

Airtel Africa and UNICEF said the deal will see them connect schools to the internet and ensure free access to learning platforms across 13 countries Airtel Africa is the first African private sector partner to make a multimillion-dollar commitment to ‘Reimagine Education’, a global initiative launched by UNICEF in 2020 Airtel Africa and UNICEF have entered into a five-year pan-African partnership to help accelerate the roll-out of digital learning. In a statement, the partners said the deal will see them connect schools to the internet and ensure free access to learning platforms across 13 countries. These are Congo, the Democratic…

Proparco has granted Equity Group two guarantee facilities amounting to KSh 5 billion to help the Kenyan bank further support job-creating MSMEs The two guarantees are the largest ever granted by Proparco to a financial institution The French investment firm has also granted a €550,000 (KSh 70,000 million )technical assistance facility to support Equity Group Foundation’s health projects Proparco has granted Equity Group two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the Kenyan bank further support job-creating MSMEs. This was part of the visit to Kenya of the French Minister Delegate for Foreign Trade…

KenGen has reported a 7% rise in its full-year Profit Before Tax to Ksh14.76 billion The firm recommended a dividend pay-out of Ksh 0.30 per share, amounting to Ksh.1.98 billion  The profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy Kenya Electricity Generating Company PLC (KenGen) has released its full-year Financial Results for the financial year ended 30th June 2021 reporting a 7% Profit Before Tax increase from Ksh13.79 billion to Ksh14.76 billion. The NSE-listed firm has also recommended a dividend pay-out of Ksh 0.30 per share which amounts to Ksh.1.98 billion to…

Doses delivered to G20 countries per capita are 15 times higher than doses delivered per capita to sub-Saharan African countries Wealthy countries with more supplies than they need have generously pledged to donate these doses to low- and middle-income countries via COVAX but these promised doses are moving too slowly G20 countries have received 15 times more COVID-19 vaccine doses per capita than countries in sub-Saharan Africa, according to a new analysis. The analysis, conducted by science analytics company Airfinity, exposes the severity of vaccine inequity between high-income and low-income countries, especially in Africa. It found that doses delivered to…

The World Bank Board of Directors has approved a US$150 million to support locally-led climate resilience projects in all rural wards in Kenya The program’s development objective is to deliver locally-led climate resilience actions The World Bank Board of Directors has approved a US$150 million International Development Association (IDA) credit to support community identified and locally-led climate resilience projects in all rural wards in Kenya. In a statement, the organization says the resources will be channelled through the new Financing Locally–Led Climate Action (FLLoCA) Program. The program’s development objective is to deliver locally-led climate resilience actions and strengthen county and…

Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have signed a deal to help MSMEs The partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic Kenya’s Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have entered into a partnership aimed at accelerating business recovery and growth of small enterprises post the Coronavirus Disease (COVID-19) Pandemic. In a statement, the partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound…