Categories: Business

Kenyan Startup Cools Planet, Wins £1M

Keep IT Cool | Deliver while still fresh, a pioneering Kenyan enterprise dedicated to sustainable innovation, has been mentioned as one of the five winners of the prestigious 2024, The Earthshot Prize. The award includes a £1 million grant to help further the impact of Keep lt Cool’s environmental solution, which tackles food spoilage and waste while improving community livelihoods.

Established by Prince William, the Earthshot Prize celebrates transformative initiatives addressing some of the world’s most pressing environmental issues.

Keep It Cool was selected from over 2,500 nominations from 139 countries and recognized in the “Build a Waste-Free World” category, highlighting Kenya’s leadership role in sustainability solutions. The founder and Managing Director of Keep It Cool, Francis N., expressed gratitude for the recognition and emphasized the company’s mission to revolutionize the food supply chain in East Africa by enhancing market access, reducing waste, and building climate resilience for small-scale fish and poultry farmers throughout the region.

The award is an important milestone for Keep It Cool and underscores the significance of their work in addressing environmental challenges while improving livelihoods in the region.

YOU CAN ALSO READ

  1. Julie Kariuki Shares Experience on Samsung Brand, Motherhood Life and Her Joys of Everyday Living
  2. Samsung Introduces Bespoke AI Washer With Low Water and Energy Consumption
  3. Tusker Lite Delivers Electrifying Weekend Experience For Its Fans

The groundbreaking recognition of Keep It Cool reflects a broader transformation in Africa’s sustainable technology landscape, where innovative solutions are increasingly emerging from local entrepreneurs. Market analysis indicates that food waste in Sub-Saharan Africa amounts to $4 billion
annually, with post-harvest losses affecting up to 50% of perishable goods. Keep

It Cooľs solar-powered cold storage solution has already demonstrated remarkable impact, reducing food waste by 90% among participating farmers and increasing their average income by 50% through better market access and pricing power. The technology’s scalability potential is particularly significant, as similar solutions could benefit an estimated 10 million small-scale farmers across East Africa.

Recent data from the UN Food and Agriculture Organization suggests that implementing such solutions across the region could prevent the emission of 5.2 million tonnes of C02 equivalent annually while contributing to food security.

The Earthshot Prize recognition is expected to catalyze additional investment in African climate tech solutions, with venture capital funding in this sector
projected to triple by 2026.

Beldine Odhiambo

Recent Posts

President Ruto Launches Vision 2060 Blueprint to Spark ‘Singapore Status’ Economic Shift

Kenya’s economic trajectory faces a defining moment as President William Ruto unveiled a sweeping 34-year…

11 hours ago

Kalonzo Musyoka Vows to Reject Ruto Overtures and Leads Opposition Rescue Mission

Opposition leader Kalonzo Musyoka has officially drawn a hard line against President William Ruto’s administration,…

11 hours ago

Ruto Accuses Uhuru Kenyatta of Sponsoring Opposition Factions Ahead of 2027

President William Ruto escalated his political feud with predecessor Uhuru Kenyatta during a series of…

12 hours ago

Diesel Price Drops as EPRA Retains Petrol and Kerosene Costs

Motorists using diesel will pay less at the pump from August 15. Petrol and kerosene…

23 hours ago

Safaricom Appoints Vodacom Executives To its Board

Safaricom has appointed two Vodacom executives to its board following recent ownership changes. The appointments…

24 hours ago

Absa Exits Kenyan Insurance Manufacturing Business in Stake Sale Deal

Absa Group has agreed to sell its majority stake in two Kenyan insurance businesses. The…

1 day ago