Premier facility at Strathmore University aims to create 70 sustainable climate technology ventures in five years and generate 4,600 direct and over 24,000 jobs in 10 years.The business hub for African climate technology entrepreneurs was launched in Nairobi to boost locally sourced green technologies in the Africa region.
The Kenya Climate Innovation Center (CIC), a first of its kind in the world, will offer financing and other services to a growing network of climate innovators and entrepreneurs.
The center is supported by the World Bank’s infoDev in partnership with the government of Denmark and Britain’s UKAid and it is developed in close consultation with Kenyan partners to ensure local relevance and long-term sustainability.
The hub is hosted by the Strathmore Business School, in collaboration with Global Village Energy Partnership International (GVEP), PriceWaterhouseCoopers (PWC) and the Kenya Industrial Research and Development Institute (KIRDI).
The launch in Kenya was witnessed by representatives of the Kenya government, private sector leaders, and development agencies.
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.
CIC’s innovative model will accelerate locally owned, locally developed solutions to climate change. In addition to reducing greenhouse gas emissions and improving climate resiliency, it will accelerate business in high-growth sectors such as renewable energy, agriculture, clean water, and energy efficiency.
The center will help Kenya achieve a mix of economic, environmental and social results, including: jobs created and companies launched; a reduction of CO2 emissions; greater climate