Business
Business hub to nurture green technologies and entrepreneurship launched in Kenya
A new business hub for African climate technology entrepreneurs was launched in Nairobi (Kenya) this past week to boost locally sourced green technologies in the Africa region.
The Kenya Climate Innovation Center (CIC), a cutting-edge facility, will offer financing and other services to a growing network of climate innovators and entrepreneurs. The first of its kind in the world, it is expected to support up to 70 sustainable climate technology ventures in the first five years, and is set out to generate 4,600 direct and over 24,000 jobs in total within 10 years.
Kenneth Ndua, founder of start-up Fawandu, is an entrepreneur who is developing a domestically produced, high-efficiency stove that simultaneously cooks and sanitizes water through boiling.
“I want to provide clean water and cooking to 24,000 households, and create 550 jobs, 400 of which will be for women. The support of the CIC would help me to commercialize and rollout of our products at the national level,” he says.