Identity means everything to humankind. We are who we are because we hold onto an image of ourselves. This is power. It is control. Nothing gives people control over their lives more than financial identity. It’s with this knowledge that the Android app called TALA (formerly InVenture) came into play, riding on that concept. TALA is a FinTech (Financial Technology) company and app that allows customers in East Africa to access loans and other forms of credit directly through their mobile phones. The app collects data from around 10,000 data points and assesses borrowing potential to create a financial profile of the user.
It is one of a kind university, whose setting under acacia trees in Kenya’s North Eastern area and neighboring Ethiopia makes it ideal for its students. There are no exams or assignments and the students together with their lecturers meet after every three months. Yet this university has been credited with gathering landmark findings that are shaping academic discourses and guiding governments in policy making. Dubbed ‘The University of the Bush,’
The new year, 2017, has begun in earnest for the cleantech scene in Kenya, as M-KOPA, a local Kenyan clean energy company has been named among other contenders as an innovative outfit in the Global Cleantech 100. The company leverages mobile money penetration in providing solar energy to bottom-of-the-pyramid off-grid rural populations in Kenya and the region.
Kenya Arid and Semi Arid lands comprise of 70 percent of total country land although they host only about 20 percent of population. These arid and semi arid areas are affected with massive food shortage, water shortage and drought, with up to 5 million people affected every year. Only 5 percent have access to electricity through the national grid. While irrigation could help, diesel and petrol powered pumps are not economically feasible. Solar power pumps, which have been proved to be cost effective in such areas due to low maintenance and operation cost can help.
Youths are likely to act more about climate change in future as revealed in a recent survey by GC Consulting. Commissioned after the Marrakech COP 22, the survey revealed that many of them are willing to take action especially in the areas of recycling. Youths also recognize the important role governments, private sector, and international communities have to play in averting climate change effects.
The Africa Food Prize is an annual monetary prize of $100,000 given to an organization, or individuals who are making a real difference to African agriculture. The prize encourages the use of technology and innovation in food production and looks to make an improvement to food security.
The Croton tree, which is commonly known as Mukinduri in Eastern and Central part of Kenya, is now a good known source of biofuels and that is being practiced. It grows in a challenging environment and unlike jatropha and palm, it won't bring food and fuel competition. It has no chemical additives and burns cleaner than traditional diesel fuel, with no sulfuric content. It can save our environment from carbon emissions and help in better land usage.
Many companies use traditional methods to measure the impact of solar power investments such as quoting the many dollars invested, number of people using their kits and areas covered by their product, which are inadequate tools for measuring social impact for solar power investments if we have to get it right. Traditional approaches of gathering data are not only expensive, take time to give results and complicated to use, but are also not helpful in terms of boosting solar power funding. The lean data approach proposed by Acumen could, not only bridge solar power funding gaps in developing worlds, but will also help companies to understand emerging markets.
Research undertaken by Greentech Media (GTM) predicts that over the next five years, the global solar market will demonstrate a cumulative average growth rate of around 8%, with emerging economies including India and Latin America leading the progress.