where Greentec is operating
Sourced, investigated and pre-evaluated
Succesful following venture building
Valuation in Mio.
Consolidated value of companies supported
Transformative Venture Building
By 2030 we expect the size of the African agriculture market to reach 1 trillion US-Dollars.
Sustainable resources are essential to meet the growing demographic needs of Africa.
Digitalization will be the driver for a sustainable transformation across various sectors.
Innovations Touching Lives
A resident from Shimoni, on the Kenyan mailand, unloads a 20L water jug to purchased from one of Boreal Light’s Water Kiosk on Wasini Island.
Two-thirds of Sub-Saharan Africa’s land mass is arid or semiarid and more than 300 million of the 800 million people living there suffer from severe water shortages with less than 1000m3 of water per year per person. This water scarcity exists, not from a physical lack of water, but rather that the investments in water resources and relevant human capacity are not substantial enough to meet the existing demand for clean water for drinking and agricultural purposes. Across Sub-Saharan Africa millions of people are forced to collect water from easily contaminable surface or rain water sources or to travel long distances to purchase water of equally questionable quality. Boreal Light’s Water Kiosks can produce clean and hygienic water from brackish or sea-water sources, solving these problems of water access and scarcity.
Boreal Light’s first Water Kiosk was installed on Wasini Island, which lies near the Tanzanian border. Prior to Boreal Light commencing operations on the island, locals were forced to import water at high cost by boat from Mombasa, or to rely on intermittently available rainwater collection. Since the kiosk’s introduction it has provided 3 permanent jobs and 2 part-time jobs, in addition to 5,000 liters of desalinated water daily for the island’s residents.
Now the situation has changed: recently, with two kiosks installed on Wasini Island, the islander no longer need to rely upon rainwater or expensive water imported from Mombasa. And not just the islanders are benefiting. People have been coming from the Kenyan mainland to purchase water from the kiosks on the island. The accompanying image shows a young man unloading a 20L bottle of Boreal Light’s Water on the shore at Shimoni village on the Kenyan mainland. Now people come to Wasini for clean water.
DML outgrowers at a SACCO meeting
Uganda’s agricultural sector contributes heavily to the country’s GDP and employs approximately 75% of the rural population. Yet, despite its importance of agriculture to Uganda’s economy there are few opportunities for rurally living youth and farmers to develop and improve their farms. With limited access to markets, financing, or job opportunities a majority of rural farmers remain in poverty with limited opportunities for advancement. Since 2007, DML has grown its outgrower network to more than 50,000 farmers. Organizing them into Savings and Credit Cooperatives (SACCOs), DML provides them with in-kind loans of agricultural inputs as well as training and premium prices for their harvests, improving farmers’ economic outcomes and improving rural employment opportunities.
Orisa Raphael Jawino, CEO of DML, said that he first realized that his model was not just working, but really helping, a few years into his project. He began to notice on farm visits that his outgrower farmers’ houses were improving. Season by season, he noticed more farmers using better materials in their houses and building walls around their house plots. The next season they would add sheet-metal roofs. Although he could show from his accounts that rural production was increasing and so were the revenues generated by both DML and its outgrowers, seeing the villages where his farmers lived improved made his impact tangible for him.
Women outgrowers using Farmcrowdy’s platform.
Nigeria has the highest farm output in Africa and is among the world’s top-ten highest producing agricultural economies. Approximately one third of Nigeria’s workforce is employed in the agricultural sector and close to 87% of its population engage in agriculture as an economic activity. Despite the high output, Nigeria struggles to meet its own subsistence needs and relies upon imports to satisfy demand. Nigeria’s agricultural sector suffers extremely low productivity, due to reliance upon age-old farming techniques and farmers’ limited access to financing. Only 2.5% of Nigeria’s smallholder farmers have access to financing or credit, limiting their ability to expand or improve their farms. Even farmers who can access credit are limited by problems of timely loan disbursement and very high interest rates. Farmcrowdy addresses farmers’ access to finance through an innovative agricultural platform that partners farmers with sponsors to mutual benefit, providing an alternate source of finance to improve their farms.
One of Farmcrowdy’s outgrowers is Patience Arthur-Akpan. She is 23 years old and lives in the Onna Local Government Area in Akwa Ibom State in Souther Nigeria. As an aspiring university student, financial hardship and family obligations forced her to give up her studies and work with her family on their farm. Through working with Farmcrowdy, Patience was able to earn enough to save up for school fees and return to her studies in Sociology at the University of Uyo, in Akwa Ibom State.
What our partners say about us
“There are two type of Investors: the passive ones, and the ones that not only assist you in getting you the capital you need but also participate in the building of your company. That is what Greentec represents to me, an active investor.”
“One part of the Tony Elumelu foundation is building strategic partnerships, because we know that every year one thousand entrepreuers , they will graduate, yes they will go on to build their businesses, they will create jobs and generate revenues…Those businesses need on going business development support, they need funding, they need to find…to develop skills that will enable them to be sustainable, so the role of GreenTec is very important.”
CEO Tony E. Elumelu Foundation
“With GreenTec Capital, we at Farmcrowdy have been able to establish a business structure that works. Our partnership has also enabled us to match international best practices which has resulted in us producing effective results”
“We promote the commitment of German companies in the future markets of Africa – especially if it makes sense not only economically, but also ecologically and socially. GreenTec Capital is doing pioneering work here with its German technology partners and African start-ups.”
Dr. Gerd Müller
German Minister for Economic Coorperation and Development (BMZ)
“GreenTec Capital Partners are rare in the world of investors. Their dedicated team has been instrumental to helping me develop my company and improve on my company’s business model and impact. With their help, DML has been able to develop important partnerships that will allow us to scale our business and help more rural farmers to improve their livelihoods. “
Co-operations & Partnerships
CEO & Co-Founder
CFO & Co-Founder
Chief Operating Officer
Harry ‘Tomi Davies
Chief Investment Officer
Head of Risk Management
Head of Consulting and Partner Engagements
Head of Start-up Resources
Head of Corporate Partnerships
Head of Communications
Consulting & partnerships
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Senior Legal Counsel & Compliance Officer