Twenty African businesses, including three startups from Kenya, will split the $2 million (Sh244 million) grant that was revealed at the climate summit in Egypt.
Following their selection as finalists for the Africa Youth Adaptation Solutions Challenge, the youth-owned agriculture companies AgriTech Analytics, Farmer Lifeline Technologies, and Kisumeo Organics Limited each received a $100,000 (Sh12. 18 million) prize during the UN Conference of Parties (COP27).
The program invites young entrepreneurs and micro, small, and medium-sized businesses in Africa to submit creative solutions and business ideas that have a positive impact in sectors affected by climate change, such as agriculture, waste management, water resources and sanitation, renewable energy, and energy efficiency. The goal of the program is to promote sustainable job creation.
“We urge Africa’s young to speak up for the continent and provide answers. We provided $1 million in support for 10 youth-owned and youth-led firms in Africa for this effort the previous year”.