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Sustainability
- Safaricom PLC’s True Value in fiscal year 2025 is 16 times greater than its financial profit during the period.
- The telco’s True Value was enhanced by creating value for customers, agents and merchants through fintech M-PESA, increased investment in responsible citizen and social impact initiatives.
- Company contributed KES809 billion to Kenya’s GDP through its touch points in the various value chains.
In an economy where Safaricom PLC products and services weave deep networks from corporate boardrooms, to government corridors, to the ever bustling SME sector, the company’s True Value in 2025 increased to $8.509 billion (KES1.1 trillion), the latest Sustainable Business Report shows.
In the trading period ending 30th March 2025, the company contributed KES809 billion to Kenya’s GDP through its touch points in the various value chains. In an update on Tuesday, Safaricom attributed the increase in the True Value earnings to the enhanced value created for customers, agents …
- Many players in livestock farming across Africa remain unaware of the relationship between this sector and greenhouse gas emissions.
- Currently, livestock farming contributes about 18% of global greenhouse gas emissions according to international estimates.
- In South Africa, the sector contributes between 0.4% and 0.5% of the global total, equal to about 32.5 metric tonnes of carbon dioxide equivalents a year.
Livestock farming feeds millions of Africans, but it also leaves a carbon footprint that cannot be ignored. According to North-West University (NWU) in South Africa’s animal scientist, Prof Kenny Mnisi, this challenge is finding the balance between sustaining households and tackling climate change.
Many players in livestock farming across Africa, however, are unaware of this link to carbon footprint. Prof Mnisi says short learning programmes and collaborative initiatives are needed to close the gap.
“The Faculty of Natural and Agricultural Sciences, in collaboration with the North West Department of Agriculture …
- New report shows climate finance by multilateral development banks rose 10% to $85.1 billion in 2024 compared with previous year.
- MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion.
- High-income economies received $51.5 billion in climate finance from multilateral lenders during the period under review.
Lenders pumped a total of $85.1 billion in climate finance to poor countries last year, reflecting a 14 per cent year-on-year increase, a new report by multilateral development banks (MDB) reveals.
According to the 2024 Multilateral Development Bank Climate Finance Report, statistics show that climate finance going to adaptation, mitigation and other projects seeking to stem the negative impact of climate change in low and middle level income economies has more than doubled since 2020.
During the year under focus, countries across Sub-Saharan Africa received $17.25 billion even as the Middle East and North Africa recorded $5.24 billion in …
- Green building in Uganda is gaining traction with several standout projects showcasing sustainable design and construction.
- Uganda’s green building strategies are rooted in a few key principles, key among them, energy efficiency, biodiversity preservation and use of sustainable materials.
- Projections by the IFC show that investment in green buildings in emerging market cities will hit $24 trillion over the next 10 years.
Uganda is making a stab at establishing itself as a leader in green urbanization in East Africa, leveraging policies such as the Uganda Green Growth Development Strategy (UGGDS). This development blueprint aims to integrate key aspects of sustainability into urban planning through eco-friendly infrastructure, green energy, and resource efficiency.
Kampala, the capital city, is increasingly welcoming green projects with authorities embracing strategies that seek to minimize environmental impact while fostering urban resilience in the face of adverse effects of climate change.
Landmark green building projects
Green building in …
- More than 200 countries agreed upon the COP29 climate deal despite the chaos.
- The deal would provide $300 billion yearly by 2035, increasing rich nations’ earlier pledge to provide $100 billion annually in climate finance by 2020.
- Rising inflation and geopolitics like Russia’s war in Ukraine and growing turmoil in the Middle East have caused Western countries to view global warming slide down their list of national concerns.
A $300 Billion COP29 Climate Deal
On Sunday, countries attending COP29 in Baku set a $300 billion annual global financing target to assist less developed countries in dealing with the effects of climate change, an agreement their intended receivers denounced as woefully inadequate.
Conceded in overtime at the two-week summit in Azerbaijan’s capital, the deal was expected to give impetus for global initiatives to slow global warming in a year likely to be the hottest on record.
In the COP 29 plenary …
- Nigeria is pioneering the journey towards getting a strong foothold in the carbon credit market.
- The nation is aligning as part of continental effort under the African Carbon Markets Initiative (ACMI) that aims to mobilize up to $100 billion carbon credits per year by 2050.
- During the COP29 talks, Canada and Nigeria announced an alliance to create an innovative carbon credit model to support Abuja’s economic and ecological development.
The African continent is facing increasing climate change impacts that are increasingly chocking the life of its struggling economies. With policymakers running out pf options to counter the economic slide, the emergence of the African Carbon Markets Initiative (ACMI) offers innovative options that could help unlock the continent’s carbon credit potential. A number of countries such as Nigeria are emeging as pioneers in tapping the gains that carbon markets present.
At this year’s United Nation Climate Change Conference of Parties …
- Despite its $6.2Trn natural wealth, Africa remains “green rich but cash poor.”
- Projections show that had carbon sequestration alone been accounted for, Africa’s nominal GDP in 2022 could have increased by $66.1Bn.
- In Europe, carbon prices can reach as high as $200 per tonne, yet the same credits are traded for as little as $3 to $10 per tonne in Africa.
At the 29th Conference of the Parties (COP29) in Baku, Azerbaijan, African leaders are pushing for a fair valuation of the continent’s natural riches—spanning vast forests, carbon sequestration capabilities, and ecosystem services.
They call on authorities to factor them into calculating Gross Domestic Product (GDP). This bold move aims to redefine wealth on a global scale by integrating the immense value of Africa’s natural assets into economic frameworks.
In a pivotal communique, African heads of state have cited the invaluable contributions of their ecosystems to global public …
- A new survey shows that trash disposal, including plastic waste, is the top concern for urban communities.
- Nearly half (46 per cent) of Africans believe citizens have a big role in addressing pollution.
- An estimated 78 per cent of Africans want their governments to do more to limit environmental pollution.
Across Africa, environmental pollution has become increasingly urgent, with two-thirds of citizens describing it as a severe community issue. From urban centers choked by trash to rural areas grappling with deforestation, the environmental challenges are as diverse as the continent.
The Afrobarometer survey reveals that trash disposal, including plastic waste, tops the list of concerns for urban communities, cited by 37 per cent of respondents across Africa.
In rural areas, deforestation takes the lead at 28 per cent. Water pollution (17 per cent), air pollution, and poor sanitation also rank high, painting a grim picture of environmental degradation across countries.…
