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SBS Hosts Climate Innovation Centre

  Sep 28, 2012

The Kenya Climate Innovation Centre (CIC), a new business hub for Kenyan climate technology entrepreneurs, was launched on September 26, 2012. The centre whose offices are hosted at Strathmore Business School, which was awarded the ‘Best Green Building Development in Africa’ by the African Real Estate and Housing Finance (AREHF) Academy Awards, was officially opened by Hon. Ndiritu Muriithi, the Assistant Minister, Ministry of Industrialisation. Other guests included Johannes Zutt, World Bank Country Director for Kenya, H.E Geert Aagaard, Danish Ambassador to Kenya, H.E Dr Christian Turner, British High Commissioner and Ali Mohamed, PS Ministry of Environment.

The CIC is a consortium consisting of Strathmore University, Global Village Energy Partnership (GVEP) International, PriceWaterhouseCoopers (PWC) and the Kenya Industrial Research and Development Institute (KIRDI).

The CIC will offer financing amongst other services to help grow a network of climate innovators and entrepreneurs. The first of its kind in the world, it is expected to provide and integrate key set of services, activities and programmes that empower Kenyan entrepreneurs to deliver innovative climate technology solutions.

The CIC is supported by the World Bank’s infoDev in partnership with the government of Denmark and Britian’s UKAid. The CIC will accelerate business in high-growth sectors such as renewable energy, agriculture, clean water, and energy efficiency.

The centre is part of infoDev’s Climate Technology Program (CTP), which is establishing other Climate Innovation Centres in six other developing countries and the global infrastructure to support and link them.

The Kenya CIC will be seeded by contribution of US$15 million over five years and is expected to support up to 70 sustainable climate technology ventures in the first five years and is set to generate 4,600 direct and over 24,000 jobs in total within ten years.

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