Fintech Association Of Kenya’s Post

Veolia and Norfund are set to invest up to $54 million in climate change startups focused on improving access to energy and water while managing environmental impacts. This initiative targets firms aiming to reduce utility consumption and secure local energy sources, addressing the funding barriers that hinder industrial development. Philippe BOURDEAUX from Veolia highlighted the partnership's goal to implement decarbonized solutions, particularly in water reuse and energy-saving projects, to combat water scarcity and unreliable energy in Africa. Norfund's Executive VP, Ellen Cathrine Rasmussen, emphasized the importance of sustainable industrial development in diversifying African economies without harming the environment. With a combined expertise in waste, water, and energy services, the two organizations are well-positioned to finance and operate projects that promote low carbon footprints and sustainable practices across resource-intensive sectors. #Africa #Sustainability #Investment #Climatechange #Funding #Greenfinancing

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics