NAIROBI, Kenya, 29 April 2024 – Faulu Bank, a leading financial institution committed to inclusive finance, has announced a groundbreaking partnership with the Tuk Tuk Operators Network to offer loans for three-wheeler vehicles. This partnership aims to empower individuals and members of the Tuk Tuk Operators Network by providing them with accessible financing options for entrepreneurship in the transportation sector.
The partnership between Faulu Bank and the Tuk Tuk Operators Network marks a significant milestone in promoting economic empowerment and fostering financial inclusion within communities. By leveraging Faulu Bank’s expertise in financial services and the Tuk Tuk Operators Network’s deep understanding of the transportation industry, the collaboration seeks to address the financing needs of aspiring entrepreneurs and members of the association.
Through this partnership, individuals and the network members will have access to tailored loan products designed specifically for the acquisition of three-wheeler vehicles, commonly known as tuk tuks. These loans will enable entrepreneurs to enter the transportation sector, expand their businesses, and contribute to local economic development.
“We are thrilled to partner with the Tuk Tuk Operators Network to extend loans for three-wheeler vehicles,” said Justus Kittony, Head of Business Growth & Bancassurance at Faulu Bank. “This collaboration reflects our commitment to providing inclusive financial solutions and empowering individuals to achieve their entrepreneurial aspirations. By working together, we can unlock new opportunities for economic growth and prosperity.”
“The partnership with Faulu Bank represents a significant milestone for the Tuk Tuk Association and our members,” said Vincent Were, Lead of the Tuk Tuk Operators Network. “Access to financing has been a longstanding challenge for aspiring tuk tuk operators and the network. Through this collaboration, we aim to overcome these barriers and empower entrepreneurs to thrive in the transportation industry.”
Faulu Bank and the Tuk Tuk Operators Network are committed to ensuring that individuals and the network members receive the support they need to succeed in their entrepreneurial journey. By providing accessible financing options for three-wheeler vehicles, the partnership aims to drive economic growth, create employment opportunities, and foster sustainable development within communities.
Finance News
Stanbic Bank Secures KES 4.3 Billion Term Debt Facility for National Cement Company Ltd’s Expansion
Subheading: Landmark Transaction Aims to Boost Production Capacity and Infrastructure Development
Nairobi, 11th April 2024: Stanbic Bank Kenya proudly announces the successful financial close of a groundbreaking deal with National Cement Company Ltd (NCCL), marking the acquisition of a KES 4.3 billion term debt facility. This strategic partnership is set to partially refinance NCCL’s foreign currency liabilities incurred during its expansive capital expenditure phase.
Driven by a mutual vision to enhance production capacity and contribute to infrastructure development in Kenya and East Africa, the collaboration between Stanbic Bank and NCCL underscores the bank’s dedication to supporting key industries and fostering sustainable economic growth across the region.
Mphokolo Makara, Executive, Head of Energy and Infrastructure East Africa at Stanbic Bank, expressed, “Our purpose at Stanbic Bank is to propel Kenya’s growth through partnerships with industry leaders like National Cement. NCCL’s local and regional market insights position them as catalysts for sustainable growth through domestic employment and manufacturing capacity.”
Stanbic Bank provided NCCL with a comprehensive financial solution, including local currency term debt and customized foreign currency forwards, as a Senior Lender. This tailored approach effectively managed the client’s foreign currency exposure relative to domestic operations, mitigating challenges posed by volatile FX market dynamics.
Alakh Kohli, Executive, Head of Corporate and Investment Banking at Stanbic Bank Kenya and South Sudan, stated, “This transaction highlights our commitment to fostering innovation and supporting the expansion endeavors of leading corporates in Kenya. We are honored to facilitate this milestone for NCCL and eagerly anticipate continued collaboration in driving economic progress.”
The KES 4.3 billion term debt facility empowers NCCL to sustainably deliver high-quality construction inputs at competitive prices, furthering economic and infrastructure development initiatives. As a pivotal supplier across East Africa, NCCL’s operations play an indispensable role in propelling growth and prosperity throughout the region.
Established in 2008, National Cement Company Ltd stands as East Africa’s foremost integrated clinker and cement manufacturer, playing a vital role in Kenya’s vibrant construction industry.
Now Is the Time to Increase Financial Inclusion
Opinion Editorial
The Author Ms Janet Mawiyoo is a Trustee of the I&M Foundation and the CEO of Galvanizing Africa Consult with over 30-yrs experience in the global non-profit sector.
Since the historic World Conference for Women in 1995, known as the Beijing Conference, women worldwide, including those from Kenya, have determinedly advocated for economic empowerment. The conference marked a pivotal moment in advancing the global agenda for gender equality by adopting strategic initiatives aimed at promoting women’s economic rights and independence. These initiatives agitated for access to employment, appropriate working conditions, and empowering women with control over economic resources. Nearly three decades have passed since these measures took center stage in the public discourse and their impact has been varied.
In 2013, The Africa Development Bank defined financial inclusion as encompassing all initiatives that render formal financial services available, accessible, and affordable to every segment of the population. Achieving this goal involves addressing the needs of populations historically excluded from the formal financial sector due to factors such as income levels, volatility, gender, geographic location, type of activity, or level of financial literacy.
In the intervening years, Kenya has witnessed significant progress, marked by the implementation of diverse measures aimed at alleviating and ultimately eradicating poverty among women and girls.
In July 2019, marking 25 years post-Beijing, the Ministry of Public Service, Youth and Gender published a report on the Progress on Implementation of the Beijing Platform for Action.
Encompassing a spectrum of initiatives, the report outlines endeavors geared towards promoting gender equality in pivotal domains. Noteworthy among these is the establishment of financial mechanisms designed to facilitate access to funding. Examples include the Women’s Enterprise Fund and the Uwezo Fund, which received allocations amounting to Kes. 182.9 million and Kes. 10 billion, respectively, as disclosed in the 2023/2024 budget announcement by National Treasury Cabinet Secretary Njuguna Ndung’u.
The primary objective of these funds is to enhance women’s access to affordable credit, aligning with the broader goal of achieving Sustainable Development Goals 1 and 5, addressing poverty eradication, gender equality, and women’s empowerment. Despite these efforts, a critical question arises: why does a gap in inclusion persist and what factors contribute to its resilience?
According to the 2021 FinAccess Household Survey, a report released in 2022 by Financial Sector Deepening (FSD), 83.7% of Kenyans have access to formal financial services. Notably, the gender gap in financial access has shown improvement, decreasing from 8.5% in 2016 to 5.2% in 2019, further narrowing to 4.2% in 2021. Despite advancements in formal financial inclusion driven by increased access to mobile money, women still resort to informal channels for financing, irrespective of their income or educational levels.
This highlights the prospect of engaging women-led communities and networks. Of prominence is the trend of women involved in ‘chama’ groups; informal, communal, and social networks rooted in familial and social connections, extending financial support and across various aspects of life.
These networks are characterized by robust cohesion, with members carefully vetting each other for membership, built on a foundation of implicit trust. Typically, these ‘chamas’ also integrate some form of financial investment, through projects, table banking and revolving funds, or the exchange and trade of goods and services among members.
As the curtains come down on this year’s International Women’s Day whose theme ‘Inspire Inclusion’ underscored the significance of diversity and empowerment across all facets of society, it compels us to acknowledge and appreciate the distinctive perspectives and contributions of women hailing from diverse backgrounds, including those within marginalized communities.
By establishing pathways for women through the prioritisation of education, skills development and technological access, we unlock avenues for women to progress and contribute to a more inclusive financial sector.
As we forge forward, it is clear that is isn’t about merely about uplifting individual lives but a collective investment in a future where no woman is left behind and the potential of the next generation is unbounded. The journey towards true financial inclusion is ongoing, requiring sustained commitment, innovation and a collective societal drive to dismantle the remaining barriers.
Old Mutual Unveils Inaugural Financial Services Monitor to Guide the Enhancement of Financial Wellbeing in Kenya
· The new Old Mutual Financial Services Monitor aims to empower individuals, businesses, and policymakers with holistic understanding for informed decision-making and greater financial wellbeing.
· Key findings reveal that nearly 90% of Kenyans are not confident with their retirement savings and many are banking on their children for support
NAIROBI, KENYA, FEBRUARY 7, 2024. The Old Mutual Group has today launched the first-ever Old Mutual Financial Services Monitor (OMFSM), a pioneering study that provides comprehensive insights into the Kenyan financial landscape.
The OMFSM is designed to offer a holistic understanding of the broader financial behaviour of Kenyans, serving as a valuable resource for individuals, businesses, and policymakers. It aims to empower the community to make informed decisions and, in turn, foster greater financial wellbeing across the nation.
Among its key findings are that close to half of Kenyan consumers are considerably financially stressed with only 1 in 10 earning more now than they did prior to the pandemic. Additionally, the study showed that, 59% of Kenyans allocate their monthly income to living expenses, surpassing the Africa average of 51%.
The report highlights Kenyans’ top financial priorities as income security, expense reduction, and debt repayment. The study revealed a notable prevalence of debt in the country, where almost 7 in 10 consumers have a personal loan of some form, higher than that in the other markets surveyed across the continent (Ghana, Namibia, and South Africa).
Meanwhile, over 50% of Kenyans own micro businesses, and 22% are “polyjobbers,” a term that refers to those earning extra income alongside their regular jobs, showcasing a robust hustling spirit.
When it comes to retirement, currently only 26% of respondents indicated that they are actively saving for retirement (which is lowest amongst the markets surveyed), and nearly 90% of Kenyans lack confidence in having sufficient retirement savings. Instead, many rely on the hope that their children will provide support in old age, with only a small percentage expecting government assistance.
Overall, amidst a recessionary environment, Kenyan economic confidence is at 16%, lower than South Africa (27%), Namibia (24%), and on par with Ghana (17%).
“At Old Mutual, we believe that knowledge is the cornerstone of financial empowerment. The Old Mutual Financial Services Monitor will serve as a reliable annual indicator of Kenyan financial behaviour, enabling us to create customized financial wellness journeys for our customers as their needs evolve,” said Arthur Oginga, the Group CEO of Old Mutual East Africa.
“After analysing the consumer financial attitudes and behaviours of Kenyans, the necessity for comprehensive financial wellness support is evident, covering day-to-day expenses, debt and income management, and long-term savings. This is a role that Old Mutual already plays, but will ramp up to equip more families with the relevant tools to thrive.”
The Old Mutual Financial Services Monitor is available for download here.
Zamara Group Feted as the Most Reliable Financial Services Firm in Kenya
Nairobi, Kenya. February 6th, 2024 – Financial services company,Zamara Group, has been named the most reliable financial services firm in Kenya at the seventh annual MEA Business Awards 2023. The award acknowledges Zamara’s outstanding contributions to the financial sector, highlighting the company’s dedication to reliability, innovation, and client satisfaction.
Commenting on the award, Sundeep Raichura, Group CEO of Zamara said, “We are proud to be recognized for our commitment to our clients and our mission to redefine excellence in the financial services sector. This recognition is a validation of our efforts and motivates us to continue striving for excellence.
As a leading financial services firm that provides pensions administration and consultancy services, actuarial services and insurance broking services in Kenya and many other countries in Africa, we remain focused on delivering value to our clients by providing efficient, transparent, and reliable services. We will continue to invest in our people, technology, and processes to ensure that our customers remain at the forefront of all our operations,” Mr Raichura added.
Zamara ‘s commitment to innovation and excellent customer experience has been a key factor in its success. The company has been at the forefront of developing innovative solutions that have helped its clients to manage their pension schemes more efficiently.
The firm’s impact on the financial landscape has not only benefited its clients but has also contributed significantly to the overall growth and stability of the pension sector in the country. Known for its comprehensive range of financial services, including the first WhatsApp based micro-pension solution in Africa, Zamara has consistently demonstrated a client-centric approach, ensuring that individuals and businesses receive reliable and tailored solutions to meet their unique financial needs.
The firm was also recently awarded as the diversity and inclusion advocate in Kenya, at the inaugural ESG awards Kenya underscoring its commitment to fostering a workplace environment that values and embraces diversity across all dimensions.The MEA Awards serves as a platform to recognize excellence and celebrate the achievements of organizations that are driving growth and innovation in their respective industries.
With a presence in seven countries in Africa and headquartered in Nairobi, Zamara is among the largest pension fund administration provider and insurance broker in Kenya for more than 350 companies.
SUPERIOR HOMES KENYA AND ABSA BANK ENTER A FINANCING DEAL TO BOOST MORTGAGE LENDING
Nairobi, January 24, 2024 – Leading real estate developer Superior Homes (Kenya) PLC has signed a partnership with Absa Bank Kenya that will see home buyers enjoy 90 percent financing.
Through the partnership, Absa Bank Kenya will provide mortgages with terms of up to 25 years for existing and prospective investors seeking to buy housing units at Pazuri at Vipingo, a holiday homes development by Superior Homes located in Kilifi County. The deal seeks to also provide an avenue for cross-marketing between the two entities.
A 2022 Central Bank of Kenya’s Bank Supervision Annual Report cited high cost of property purchase and limited access to long-term financing as the main factors hindering Kenyans from accessing mortgage loans.
Superior Homes Kenya Head of Sales Clive Ndege said that the partnership marks a significant milestone in their quest to help more Kenyans achieve their home ownership dreams while at the same time addressing the current housing deficit in the country.
“As a company, we strive to see more Kenyans achieving their homeownership dream. With this partnership, with Absa Bank Kenya, a like-minded partner who shares the same dream, our clients are assured of hassle-free process of owning a home,” said Superior Homes Kenya Head of Sales, Clive Ndege.
According to the Kenya Property Developers Association (KPDA), the current housing deficit is estimated to stand at 2 million houses which continues to rise due to fundamental constraints on both the demand and supply side and is exacerbated by an urbanization rate of 4.2 percent, equivalent to 0.5 million new city dwellers every year.
Speaking during the event, Absa Bank Kenya Regional Manager and Head of Mortgage John Kaburu said that strategic partnerships were a key pillar for the Bank adding that this new partnership with Superior Homes marks the start of a journey towards unlocking and fulfilling more home ownership dreams for Kenyans.
“At Absa Bank, we value the aspect of building partnerships, collaborations, and working with the eco-systems and we are happy to start this journey with Superior Homes Kenya as our key partners in the real estate sector. Besides the mortgage agenda, there are more financial solutions that we will be offering, including financial literacy through enlightening homeowners on the need to secure their investments,” said Mr. Kaburu.
STALLED GOVERNMENT PROJECT ESTIMATES STAND AT KSH 1.3 TRILLION TREASURY SAYS
Clive Ayuko
Nairobi, Kenya 13th December 2023
The value of stalled government projects is estimated at Ksh1.3 Trillion. This is according to Ministry of Finance and Economic Planning Principal Secretary Dr. Chris Kiptoo was making his opening address during the 2024/2025 Midterm Budget Proposal hearings at the Kenya School of Monetary Studies today morning
Speaking during the ceremony Dr. Kiptoo acknowledged; ” during the financial years 2018/2019 the National Treasure undertook a review of stock of projects in all Ministries, Department and Agencies and found that projects that has stopped being implemented for various reasons to include: having been recieving token budgets which cannot facilitate meaningful implementation and thereby stalled stood at Ksh1.3 Trillion, a situation he argued could be party attributed to government accumulated pending bills amounting to ksh640billion.
“Going forward” He continued to add, ” the government will take stock of all projects to establish if they are aligned with the governments development agenda. Those found to be out of line with the same will be cancelled or suspended until such a time when funds will be available for their implementation.
NATIONAL AND COUNTY GOVERNMENTS OWE SUPPLIERS KSH640 BILLION TREASURY PRINCIPAL SECRETARY KIPTOO SAYS
Clive Ayuko
Nairobi, Kenya 13th December 2023
The National and the County Government owe suppliers of various goods and services procured through is various agencies and departments and ministries approximately Ksh640 Billion. This was made know today during the official opening ceremony for the Public Hearings for the 2024/2025 Medium Term budget proposals at the Kenya School of Monetary Studies.
Speaking during the launch Principal Secretary at the Ministry of Finance and Economic Planning Dr. Chris Kiptoo acknowledged the indeed the County and National Government are faced with this problem saying, ” Settlement of outstanding pending bills remains a big challenge to the Government”. He continued to add, ” it is estimated that National and county governments could be owing suppliers, merchants and contractors close to Ksh640 Billion from the period between June 2005 and June 2022.”
To deal with the problem Dr. Kiptoo confirmed that the Cabinet has recently approved the establishment of a Pending Bills Verification Committee who will have the mandate to audit all unpaid liabilities for the period between 2005 and 2022.
The Committee Dr. Kiptoo continued to add, ” will be composed to representatives from the Ethics and Anti-Corruption Commission (EACC), the Law Society of Kenya (LSK), the Institute of Engineers of Kenya (IEK) and the Institute of the Certified Public Accountants of Kenya (ICPAK) who will determine the integrity of all pending bills within a timeline of 12 months.
In conclusion the Principal Secretary urged Kenyans to critically analyse the budget proposals and give input for incorporation in the finalization of the national budget. The public Hearings will be conducted at the Kenya School of Monetary Studies from the 13th to 16th December 2023.
COP28 NEGOTIATIONS ARE OFF-TRACK CIVIL SOCIETY NOW SAYS
Dubai, December 6, 2023: The African civil society, under PACJA and the Non-State Actors Committee (NSA) together with partners underscores our unwavering commitment to addressing the urgent climate challenges faced by Africa and the global community. We are here to remind Parties in COP28 of their commitment during their opening statements to deliver an outcome that is credible and impactful, and that is responsive to the aspirations of all of us, particularly people at the frontline of the climate crisis.
We however remain cautiously optimistic on the possibilities of such an outcome, alive to the fact that this outcome may be a mirage unless leaders from developed countries remain faithful to the spirit and letter of the Paris Agreement.
The negotiations so far have been frustrating to say the least, particularly in securing progressive decisions on the Global Goal on Adaptation and its means of implementation.
As COP28 progresses, we are disappointed by slow progress in the adoption of decisions that are progressive and of more relevant significance to Africa. We reiterate that negotiations on adaptation remain pivotal in building Africa’s and indeed world’s resilience to climate change are not on track!
Implementing strong adaptation measures remains at the heart of addressing historical and current climate injusticeand this must be complemented with sufficient means of implementation, to be precise climate finance. Africa demands immediate and substantial action to address the lack of sufficient adaptation measures for the continent, recognizing historical injustices.
We remain unrelenting in our call to governments to agree on a robust, ambitious, and solutions- oriented outcome on the operationalization of the Global Goal on Adaptation to help accelerate adaptation action globally. The GGA framework should be complete with metrics and indicators on measuring progress towards implementation of this goal
We further call for a COP28 decision that looks at adaptation finance beyond the narrative of “doubling” and agree that there is no baseline of that “doubling”. In this regard, we need to see the discussions moving towards more than doubling adaptation finance, with a time-bound roadmap consistent with the needs and urgency of the adaptation response measures as highlighted in the Adaptation Gap Report.
More importantly, we underscore the central role of agriculture in advancing adaptation imperative for climate-vulnerable people of Africa. Dishearteningly, the perpetual workshop mode in discussions on agriculture does not give hope to climate-stricken farmers in Africa, and this should not be the message we should relay back home!
Whereas everyone wants to celebrate the adoption of the Loss and Damage Transition Committee and the announcement by Parties of their pledges, we once again wish to state that our celebrations will only be possible when this money reaches the communities we represent here. We have seen such excitement before, and they have ended in tears – just pledges! We also want to see more pledges, as the amount being thrown into the basket cannot even address the needs of an African country.
We call on the Parties to UNFCCC to put tighter measures that secure sustained commitment to funding Loss and damage, beyond the charitable actions seen at the opening of COP28. The process of putting in place Protocols and procedures needed to make the loss and damage fund functional must also be fast-tracked; 4 years is such a long waiting time for frontline communities battling with challenges emanating from catastrophic disasters emanating from climate change.
We insist that funding for loss and damage should be additional and incremental to existing streams of climate funding, and also ODA. Intelligence obtained by PACJA, so far indicates rich and developed countries are merely repackaging existing climate and/or ODA funding commitment to demonstrate their philanthropy.
The deceit that characterizes these commitments must be addressed, once and for all and we are further keen to see new and additional measures secured in this COP to secure transparency at the global level in securing pledges
The Global Stock Take cannot be a mere ritual. It has its import which has to bear in COP28 through a demonstrated recommitment to deeply cut emissions by developed countries, a strive to meet climate financing gap – now in trillions, and prioritization of the adaptation agenda. This remains our central commitment that African civil society is keen to see from COP28.
The special needs and circumstances that underpin the context of Africa as a continent and secured in the Paris Agreement must remain a guiding principle across all the negotiation streams.
As COP28 enters its homestretch, we remain steadfast in advocating for a just and equitable global response to the climate crisis. We urge all Parties to prioritize vulnerable populations, demonstrate genuine commitment to climate justice, and just transition, and collaborate for a sustainable future.
Note to editors:
At the onset of COP28, the NSAs from Africa issued a statement calling for bold action amidst concerns over the conference’s credibility. Our entry statement raised fundamental concerns on loss and damage funds, prioritization of the adaptation agenda, progress in the climate financing, and the Global Stock Take process.
Bezos Earth Fund to Sponsor World’s Largest Youth-Led Energy Event
Washington, DC – November, 28, 2023
Bezos Earth Fund to headline sponsor the world’s largest youth-led energy event, 2023 Global Student Energy Summit, uniting 650+ youth from 150+ countries.
Transformative space for collaboration on energy solutions, engaging 30,000+ young people.
Launchpad for 15 youth-led clean energy start-ups.
Platform for youth climate activists and advocates, training and supporting 30 COP28 delegates.
The Bezos Earth Fund announced its headline sponsorship of the 2023 Global Student Energy Summit (SES 2023), under the theme “Reimagining the Future”, hosted by New York University Abu Dhabi from November 28th to December 1st, 2023. This historic event will take place at the margins of COP28, bringing together 650+ young people from over 150 countries with industry leaders and energy experts, championing youth participation in driving a just and equitable clean energy future.
SES is the world’s largest youth-led energy event, ensuring equal gender representation and diverse perspectives with 40% of attendees experiencing their first international conference. The summit provides a transformative space for collaboration on energy solutions, engaging over 30,000 young people in virtual and in-person capacity-building and digital engagement sessions leading up to SES 2023.
Andrew Steer, President and CEO of the Bezos Earth Fund, expressed enthusiasm for this groundbreaking partnership, stating, ” Since its founding in 2009, Student Energy has become the world’s largest youth-led organization working on energy, empowering a network of 50,000 young people in over 120 countries accelerating the transition to a sustainable and equitable energy future. Our support of SES 2023 aligns seamlessly with Bezos Earth Fund’s mission to foster innovation, collaboration, and action in the realm of clean energy. The youth-led initiatives and start-ups emerging from this summit are pivotal in driving systemic change, and we are proud to be part of this movement.”
As the next generation of energy sector leaders, young people are presented with a challenge and unique opportunity. According to the International Energy Agency’s (IEA) Net-Zero Emissions Scenario, over 30 million jobs will be created in low-carbon technologies by 2030. However, the Energy Transition Skills Report, conducted by Student Energy in partnership with Ørsted, indicates that 47.6% of the survey’s 2,000 youth respondents lack awareness about existing job opportunities. With over half the global population under 30, young people need training to participate in the energy sector to bridge labor shortfalls, promote economic development and social welfare, and support climate resilience in the most vulnerable communities.
The summit serves as a catalyst for action and entrepreneurship, supporting 15 youth-led clean energy start-ups in priority regions through training and seed funding. “Climate change is an issue that affects each and every single one of us, and there are millions of young people all around the world who share the same feeling of frustration but still manage to find the drive to fight for change. SES23 is a platform to not only connect us with each other, but also sit at the table with representatives of governments, companies and institutions during these 3 days, whilst fostering a lifelong connection to join forces and increase global efforts of accelerating the adoption of renewable energy,” said Lydia Sanz Lozano, Co-Vice Chair of Programming, SES.
Additionally, SES 2023 acts as a launchpad for youth climate activists and advocates, training and supporting delegates to join a COP28 delegation that amplifies key messages from SES 2023 through partner-driven events. SES will be coming to the Middle East for the first time, highlighting the vision of the UAE’s energy transition.
Nicole Iseppi, Managing Director of Global Energy Innovation at the Bezos Earth Fund, added, “Leveraging the strategic location and timing of SES, we will support up to 40 SES delegates to attend COP28. Our partnership provides students with the opportunity to engage in the UN proceedings and will enrich the conversations at the highest level of climate change negotiations by ensuring that a diverse group of youth leaders are at the table. We have a responsibility to support young innovators and elevate their voices on the global stage. SES 2023 is not just a summit; it’s a platform for tangible change, and we are excited to be a part of it.”
SES 2023 key missions include:
Decent Jobs & Economic Development: SES will provide a platform for students to learn about career pathways in the energy sector, gain new industry-relevant skills during workshops and upskilling sessions, and connect with potential employers and mentors/experts from the global energy industry.
Scaling Solutions through Youth Innovation: SES 2023 will unlock an ecosystem of youth-led enterprises by delivering Innovation Jams. This initiative will provide business development training and small-scale seed funding for projects that meet Student Energy’s impact assessment framework.
COP28 & Inclusive Decision-Making: SES 2023 team is closely coordinating efforts with the 2023 COP28 Presidency team to synergize programming and themes, addressing significant barriers that prevent young people’s voices from being heard at decision-making roundtables.
The Bezos Earth Fund, founded by Jeff Bezos, is the largest philanthropic commitment ever to fight climate change and protect nature. The fund supports organizations and efforts working on innovative solutions to climate change, aiming to contribute to a cleaner, greener, and more sustainable planet. The Bezos Earth Fund works with others to monitor 50 key transitions required in this decisive decade, driving systems change across climate, biodiversity, and human development.
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