NAIROBI, Kenya, 1 July 2024 2024 -/African Media Agency/- BFA Global, FSD Africa, and the International Union for Conservation of Nature are thrilled to announce the selection of ten innovative, future-looking startups as part of the Africa Blue Wave and Regen Wave initiatives. Each startup is set to receive $55,000 in funding, to advance their solutions for the blue and green economy in Africa.
Founded in seven African countries — Kenya, Madagascar, Mozambique, Nigeria, Rwanda, South Africa and Tanzania – the startup ideas were rigorously evaluated and chosen for their innovative approaches to addressing critical challenges in the fish trade, environmental pollution, renewable energy certification, eco-friendly fertilizers, waste reduction and management, clean cooking, cold storage and sustainable drainage solutions. Notably, 50% of the selected startups are women-led companies.
specializing in organic fertilizer production in Rwanda, utilizing IoT sensors to create pH-correcting fortified organic fertilizers for smallholder farmers.providing a digital platform enabling both formal and informal waste collectors to efficiently manage recyclable waste collection. converting plastic waste into safe cooking gas, offering a more climate and forest-friendly cooking energy source.
“Africa’s talent is at the heart of a successful green transition on the continent. It is an honor to work alongside our partners to support innovators who are working towards solving critical climate challenges. The 10 selected startups have the potential to significantly improve the lives of climate-vulnerable communities while maintaining biodiversity, reducing waste and improving climate outcomes.