Climate, Energy & Environment Archives

Kenyan banks face a $5 billion annual green financing shortfall, threatening progress in climate adaptation and biodiversity protection. A Kenya Bankers Association study shows lenders lack the skills and tools to assess ecological risks. Without urgent reforms, the country risks missing its Paris Agreement targets and losing investor confidence.

Climate, Energy & Environment4 months ago

Kenya Banks Green Financing Gap 2025: $5 Billion Skills Challenge

Natural resources contribute 42% of Kenya’s GDP, yet banks are financing only a fraction of the potential green investments. Analysts warn that gaps in data, risk...

Standard Chartered Bank Kenya has issued a profit warning after a major pension payout in July 2025 strained its earnings. The payout, worth billions, has reduced profits and shaken investor confidence. Analysts warn it highlights wider risks in Kenya’s banking sector.

Banking, Finance & Economic Policy4 months ago

StanChart Kenya Profit Warning 2025 as Pension Payout Hits Earnings

On 16 September 2025, StanChart Kenya confirmed its full-year profits will fall sharply after settling retirement benefits. The bank’s pension payout to long-serving employees has weakened...

Ethiopia has become the first African country to ban combustion engine vehicle imports, sparking a surge in electric vehicle (EV) adoption. With over 115,000 EVs now on its roads, the shift is led by Chinese automaker BYD. The move is designed to ease a $4.5 billion annual fuel import bill while positioning the country as a green mobility pioneer.

Climate, Energy & Environment4 months ago

Ethiopia Leads Africa’s Electric Vehicle Movement

Powered by 97% hydropower, Ethiopia is leveraging its renewable energy base to fuel an EV revolution. The Grand Renaissance Dam is set to double capacity, offering...

Djibouti’s BCIMR plans to enter Ethiopia’s newly liberalised banking sector. The move follows Addis Ababa’s landmark financial reforms encouraging foreign bank participation. Regional lenders are now eyeing Ethiopia’s 120-million-strong population for growth in retail and corporate banking.

Banking, Finance & Economic Policy4 months ago

BCIMR Expands Into Ethiopia Banking Market

BCIMR, Djibouti’s largest bank by market share, has maintained a representative office in Addis Ababa since 2015. Its entry could unlock new opportunities in trade finance,...

The Central Bank of Kenya reports 353 fraud cases, up from 153 last year. Cybercriminals increasingly target mobile, online, and card-based transactions. Despite these threats, banks’ capital adequacy ratio remains strong at 19.6%.

Banking, Finance & Economic Policy4 months ago

Kenya Banks Hit by Rising CBKF Cyber Losses

Fraud losses at Kenyan banks nearly quadrupled in 12 months, fueled by rising cyber threats. Mobile banking fraud caused the highest losses, surging 340%. Banks are...

Climate, Energy & Environment4 months ago

Handas Jaba Juice: Kenya’s Khat Revolution

Energy, culture, and African spirit in every sip. Handas Jaba Juice brings khat’s benefits to a smooth drink. A new wave of celebration sweeps across East...

Ethiopia has inaugurated the $5B Grand Renaissance Dam, Africa’s largest hydropower project. Prime Minister Abiy Ahmed declared it a symbol of prosperity and regional energy cooperation. The dam promises to electrify Ethiopia while exporting power across East Africa.

Renewable Energy & Access4 months ago

Ethiopia Inaugurates $5B GERD Dam

The GERD inauguration has heightened tensions with Egypt and Sudan, who fear threats to Nile water security. Cairo calls the project an “existential risk” during drought...