Climate Finance

EABL Reports Sh12.2 Billion Profit Driven by Strong Sales, lower Finance Costs, and Forex Gains

East African Breweries posted a 12% rise in profit to Ksh 12.2B in FY2025, driven by strong sales, lower finance costs, and forex gains. According to the company’s audited financial results, net sales grew by 4 percent to Ksh 128.8 billion, supported by strong consumer demand for both beer and spirits across its core markets […]

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Kenya Leads the World in ChatGPT Adoption, Showcasing Digital Transformation

Kenya has topped global rankings for ChatGPT usage, reflecting the country’s rapid digital transformation and openness to emerging technologies. According to the July 2025 Global Digital Report by DataReportal and Meltwater, Kenya boasts the highest user penetration of ChatGPT worldwide and ranks third in global web traffic to the AI-powered platform. The report reveals that

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Vivo Energy Unveils 336th Shell Service Station in Nairobi

Vivo Energy , the company behind the marketing and distribution of Shell-branded fuels and lubricants in the country, has inaugurated its 336th Shell service station in the bustling Imara Daima neighborhood of Nairobi.  Strategically located along the high-traffic Mombasa Road corridor, the new outlet is part of the company’s broader mission to enhance fuel access

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Sun King Secures $156 Million Citi-Backed Loan to Expand Solar Access in Kenya

Sun King, the global off-grid solar company, has secured $156 million in debt financing to expand solar power distribution across Kenya. The financing was led by Citigroup Inc. and British International Investment (BII), the UK’s development finance institution. Other key participants in the syndicate include Stanbic Bank Kenya, Absa Group Ltd., Co-operative Bank of Kenya,

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Google Commits $37 Million to Accelerate AI Research and Innovation in Africa

Google has announced a major $37 million investment to advance artificial intelligence (AI) innovation, research, and infrastructure across Africa. The funding, which includes previously unannounced contributions, will support AI-driven solutions in key areas such as food security, education, health, language inclusion, and economic empowerment. Africa is emerging as a global leader in AI innovation, fueled

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Five Kenyan Students Complete Huawei’s Seeds for the Future 2025 Tech Program

Five Kenyan university students have returned home after participating in an intensive week-long technology immersion in China through Huawei’s flagship Seeds for the Future 2025 program. Representing Kenya were Shem Machii Ngunjiri (Dedan Kimathi University of Technology), Sophy Cherono Rop (United States International University–Africa), Huldah Mwihaki Kaura (Jomo Kenyatta University of Agriculture and Technology), Mungai

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Kenya to Host the Inaugural Pan-African AI Conference 2025

 Kenya is set to host the inaugural Africa Artificial Intelligence Conference (AIPAC 2025), marking the first-ever Pan-African summit dedicated solely to Artificial Intelligence. Scheduled for August 25–28 in Mombasa, the four-day event will spotlight Kenya as a strategic leader in Africa’s AI transformation. “This is more than a conference , it’s a platform to shape

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Kenya Allocates Sh6.97 Billion to 42 Counties for Climate Resilience Projects

Kenya has taken a significant step forward in climate adaptation as 42 counties have been allocated Sh6.97 billion from the National Treasury to implement locally-driven climate projects. This funding comes as the second tranche of County Climate Resilience Investment (CCRI) grants under the Financing Locally-Led Climate Action (FLLoCA) program, a collaborative initiative supported by the

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Africa Prioritizes Nature-Based Solutions in Fight Against Climate Change

Africa is increasingly adopting nature-based solutions (NbS) as a cornerstone in its fight against climate change. This strategic pivot will take center stage at the Second Africa Climate Summit, scheduled for September 8–10, 2025, in Addis Ababa, Ethiopia, according to Harsen Nyambe, Director of Sustainable Environment and Blue Economy at the African Union Commission. While

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Safaricom Pumps KSh 2.4 Billion into Circle Gas to Scale Pay-As-You-Go Clean Energy Model

Safaricom PLC has announced a fresh capital injection of KSh 2.4 billion into Circle Gas Ltd, the UK-based parent company of Kenya’s pay-as-you-go (PAYG) cooking gas provider, M-Gas. The move signals Safaricom’s continued confidence in the venture’s long-term strategic value, despite its current loss-making status. The telco giant is betting big on technology-driven access to

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