• Contact
Wednesday, October 4, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Green Economy

Rwanda: Koko Networks to invest $25m for ecological cooking

TAB by TAB
01/04/2022
in Green Economy
0
Rwanda: Koko Networks to invest $25m for ecological cooking
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Rwanda: Koko Networks to invest $25m for ecological cooking

The Rwandan authorities have just signed an agreement with Koko Networks to set up a national bioethanol distribution network for cooking. The company will invest $25 million to implement this clean cooking project.

Related posts

Angola: the 2,070 MW Laúca mega-dam is fully operational

Angola: the 2,070 MW Laúca mega-dam is fully operational

26/09/2023
2
Kenya seeks partnership with Apple

Kenya seeks partnership with Apple

22/09/2023
2

The use of clean cooking systems is expected to accelerate in Rwanda in the coming months. The Rwanda Development Board (RDB) has signed an agreement with Koko Networks. The Nairobi, Kenya-based company will set up a network of bioethanol cooking fuel vending machines. The network will provide Rwandan households with easy access to clean cooking fuel.

Also used in petrol-powered cars, bioethanol is a biofuel made from plant material such as wheat, maize or beet. According to experts, the use of bioethanol has some environmental advantages. This is because beetroot and cereals absorb CO2 from the atmosphere in large quantities during their growth through photosynthesis. They are then processed to produce bioethanol. The CO2 released during combustion corresponds to the CO2 absorbed during the growth of the biomass.

Reducing deforestation

According to Koko, his investments will mainly reduce deforestation. Some Rwandans still use charcoal for cooking. “Protecting our natural environment is a strategic priority for Rwanda, both at the national level and in the context of our international climate commitments. Similarly, clean cooking is an essential part of Rwanda’s efforts to achieve the UN’s health, gender and economic development goals,” says Clare Akamanzi, RDB’s Executive Director.

The Rwandan government is aiming for universal access to clean cooking by 2030, to address the problems of deforestation, CO2 emissions and indoor air pollution caused by the use of charcoal and wood for cooking. As part of its new mission, Koko has partnered with Dalberg to develop a national network to supply Rwandans with bioethanol.

Investment facilities

To facilitate Koko Rwanda’s investments, the RDB is committed to providing a favourable policy environment. Also, Value Added Tax (VAT) will be exempted. The same applies to import duties on equipment and bioethanol.

“The full benefit of these cost reductions will be passed on to households through lower consumer prices. Koko Rwanda will provide the technology, capital and expertise to build and operate a nationwide network, leveraging $25 million in private climate finance to create 500 direct jobs and new revenue streams for thousands of small business partners,” promises the company led by Greg Murray.

Rwanda: Koko Networks to invest $25m for ecological cooking

Source: Afrik21
Previous Post

Nissan unveils assembly plant in Ghana

Next Post

10 African currencies with the highest exchange rates against the dollar in Q1 2022

Next Post
10 African currencies with the highest exchange rates against the dollar in Q1 2022

10 African currencies with the highest exchange rates against the dollar in Q1 2022

RECOMMENDED NEWS

Multilateralism has a role in an evolving world

Multilateralism has a role in an evolving world

1 year ago
1
Ivory Coast keeper Gbohouo banned from AFCON for doping accusations

Ivory Coast keeper Gbohouo banned from AFCON for doping accusations

2 years ago
3
Angolan government wants to attract national businessmen for diamond industry

Angolan government wants to attract national businessmen for diamond industry

2 years ago
5
Vodacom invests R1 billion to drive inclusive connectivity in Western Cape, South Africa

Vodacom invests R1 billion to drive inclusive connectivity in Western Cape, South Africa

2 years ago
3

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • These are the 10 most popular jobs that pay more than $100K, study finds
  • Chocolate could get even pricier if Africa’s cocoa crop flops
  • Sale of luxury villas starts in new Zimbabwean city for the rich

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In