Startup Boreal Light inaugurates solar-powered desalination system in Tanzania

TANZANIA – German start-up Boreal Light is commissioning a solar-powered desalination system in the Kibaha district of Tanzania located in the Medewell health center, providing water for patient care. The new system was installed by Kenyan start-up WaterKiosk Africa, which partners with Boreal Light, a provider of water desalination solutions.  “This system is the largest of its kind installed in…

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ENGIE Equatorial inaugurates Lolwe solar mini-grid in Uganda

UGANDA – ENGIE Equatorial has announced that the Lolwe hybrid solar 600 kWp mini-grid, with integrated productive hub and e-mobility, has been inaugurated on Lolwe Island, Uganda. This joint project between ENGIE Energy Access and Equatorial Power Ltd. is the most advanced mini-grid on the African continent and is the result of a strong African-European alliance and is a real…

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Coca-Cola launches new sustainability platform in Africa dubbed JAMII

AFRICA – Coca-Cola Africa Operating Unit (AOU) and its bottling partners have announced the launch of JAMII, the new Africa-focused sustainability platform that houses the Company’s existing and new sustainability initiatives. Through this signature platform, Coca-Cola hopes to attract like-minded partners to help accelerate the on-the-ground impact of its initiatives. The new platform will build and expand on the past accomplishments…

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Kenyans’ use of mobile money jumps 20% in 2021

KENYA – Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021, worth more than US$55 billion. The Central Bank of Kenya (CBK) said that transactions in the first 11 months of 2021 were 20% up on the whole of 2020. The surge in transactions came despite the government removing COVID-19 subsidies at the start of…

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Caracal Gold appoints new CFO, Kilimapesa gold operations General Manager

KENYA – East African gold producer Caracal Gold has appointed Riaan Lombard as General Manager of its Kenya-based Kilimapesa gold operations and Paul Reeves as group Chief Finance Officer effective as of February 1, 2022, reports Mining Weekly. Caracal Chief Executive  Robbie McCrae said these two key appointments will help bolster the Caracal team not only on the ground at the producing Kilimapesa gold mine, as the company advances it to the next phase…

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Verdant Capital and KfW establish new fund to support MSME growth in Africa

AFRICA – Verdant Capital Hybrid Fund (VCHF) has reached its first closing with committed capital of US$36 million. The fund is targeting high developmental impact, including job creation and income generation through Small and Medium Enterprises (SMEs) and micro-entrepreneurship. The fund will be investing hybrid capital and subordinated debt instruments into inclusive financial institutions on a pan-African basis. The fund will…

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Equity Bank slashes cash payment on PayPal to 24 hours

KENYA – Equity Bank has reduced the duration it takes to settle PayPal withdrawals from 3 Business days to just 24 hours allowing it to offer the fastest PayPal settlement period in the country enhancing efficiency for the increasing number of Kenyans who receive payment through the international payment solutions provider. Equity Bank, which currently offers the only bank withdrawal…

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