Exchange secures Sh905m for digital carbon financing

Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023. FILE PHOTO | POOL

The Carbon Value Exchange (Cavex) has secured Sh905.15 million ($6 million) in seed capital to scale its digital carbon financing platform.

The transaction was led by E3 Capital, a Nairobi-based investor in early-stage businesses and FSD Africa Investment to help Cavex's existing and future portfolio companies access carbon markets.

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