Browsing: Environmental protection

• In Kenya, 37,000 metric tonnes of plastic get into the Indian ocean annually causing devastating disruption in our marine ecosystem.
• The successful innovations developed through the Afri-Plastics Challenge have paved the way to revolutionise Africa’s approach to reducing reliance on plastic.
• Out of the 9 shortlisted start-ups, five were women-led, and two from Kenya won a total of £500,000.

Kenya scored big at the inaugural Afri-Plastics Summit & Awards ceremony when five out of a total nine start-ups scooped £2M as part of the Afri-Plastics Challenge, a continent-wide plastics innovation challenge worth £4.1M.

The awards were the culmination of a four-year initiative designed by Challenge Works and funded by Global Affairs Canada to recognize trailblazing innovators that are tackling the global plastics problem and protecting the ocean. Out of the 9 shortlisted start-ups, five were women-led, and two from Kenya winning a total of £500,000, demonstrating the role women play …

 A blue bond is a relatively new form of a sustainability bond, which is a debt instrument that is issued to support investments in healthy oceans and blue economies, wherein earnings are generated from the investments in sustainable blue economy projects.

According to IDB Invest, Blue bonds can raise capital for projects and companies seeking to have a direct impact on the ocean and water-related issues while advancing in social inclusion, economic growth, environmental protection, and the broader 2030 agenda.

The World Bank is the biggest multilateral funder for ocean and water projects in developing countries and is committed to working with investors to highlight the critical need to support the sustainable use of ocean and marine resources which inarguably includes better waste management. …