TODAY: Flat6labs launches USD 95 mn fund for climate-focused startups
Good morning, lovely people, and welcome to the accidental Oman issue. We have some key updates from the sultanate today as it heats up its renewables push.
THE BIG CLIMATE STORY- Egypt-based seed and early stage venture capital firm Flat6Labs will launch a USD 95 mn fund targeting greentech, agritech, and climate tech startups based in Africa. We have all the details on this story and more in the news well, below.
THE BIG CLIMATE STORY OUTSIDE THE REGION- No single story is dominating the climate headlines this morning, but one big story is the European Parliament giving its final approval of two laws that will see the bloc increase capacity of natural carbon sinks like forests and push down emissions of sectors not covered in the EU’s carbon market, including the road transport, heating and cooling, and waste management industries. These unregulated sectors generate nearly 60% of the EU’s total carbon footprint and new regulations aim to slash their emissions by 40% compared to 2005 levels by the end of the decade.
HAPPENING TODAY- Saudi Arabia is hosting the Financial Services Conference today and tomorrow in Riyadh. The event is co-organized by the Finance Ministry, the Saudi Central Bank, and Capital Market Authority to shed light on a number of topics including financing the green transition and environmental, social, and governance (ESG) investments.
The COP28 Presidency is hosting its first Road to COP28 event at Expo City Dubai today, which will debut important initiatives offered by young people to support COP28’s goals. Through interactive workshops and debates, youth will engage with senior government officials and UAE diplomats to advance global climate goals.
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COME TO OUR NEXT ENTERPRISE FORUM-
We are delighted to share with you that the Enterprise Exports & FDI Forum will be taking place on 15 May at the Four Seasons Hotel at Nile Plaza in Cairo.
DO YOU WANT TO ATTEND? The first wave of invites is going out soon. If you’re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please click here to request a spot at this exclusive event.
What’s the Enterprise Exports & FDI Forum? It is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders. The Enterprise Exports & FDI Forum will discuss the critical topics of exports and foreign direct investment (FDI) in Egypt.
We will be taking an in-depth look into some of the most vital industry topics, including:
- How to effectively break into new export markets
- How to leverage domestic trends in order to create export opportunities
- What foreign investors are looking for
- What the government's role should be
Why now? Exports and foreign direct investment (FDI) have never been more important to Egypt’s economy — or businesses — than in the wake of the float of the EGP. We think we have a once-in-a-lifetime chance to build an export-led economy that makes Egypt a magnet for FDI, and all the benefits that will come with it.
Think of the Enterprise Exports & FDI Forum as a hands-on lab for how to turn the devaluation of the EGP into something that will turbocharge your company and our economy.
WANT TO SHARE YOUR STORY ON STAGE? Drop a note to Patrick here and let’s talk.
WANT TO BECOME A COMMERCIAL PARTNER? Ping a note to Moustafa, our head of commercial, here.
CIRCLE YOUR CALENDAR-
Denmark will host the Copenhagen Climate Ministerial from Monday, 20 March to Tuesday, 21 March in Copenhagen. The event is the first political high-level gathering to follow-up on the COP27 summit’s conclusions and agreements. Denmark and co-hosts Egypt and the UAE will address the need to establish continuity between the last climate summit and next November’s COP28, and progress on how targets align with the Paris agreement.
Germany will host The Infrastructure Investor Global Summit from 20-24 March in Berlin. The four-day event will gather industry leaders from the global infrastructure sector to map out a course for the industry to upscale its ESG-focused operations and investments. You can register for the event here.
The Arabia CSR Awards is accepting applications until Friday, 30 June. The awardwinners will be announced during a ceremony on Wednesday, 4 October.
The first MENA Solar Conference is accepting applications from published researchers specialized in PV technology until Sunday, 30 April. The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers here.
Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.