African Bamboo visits GreenTec’s Frankfurt offices

Frankfurt (Germany), August 2018. Last week, African Bamboo founders Khalid and Rania Duri came to Frankfurt to meet with the GreenTec team. The subject of the meeting was to coordinate activities such as the push towards the close of African Bamboo’s funding round and strategizing on the launch of the company’s IP business.

African Bamboo has invested significant resources into developing innovative production processes that harness the natural properties of indigenous species of African bamboo into a range of timber and natural-fiber-composite (NFC) products. The technology provides a new avenue to unlock the economic potential of a sustainable natural resource which is commonly available in Sub-Saharan Africa. African Bamboo’s intellectual property has the potential to drive a revolution in African manufacturing, by providing the know-how to sustainably produce timber and NFC products which are competitive internationally both in terms of prices as well as technical properties. The company is already in talks with several parties interested in licensing the technology for manufacturing facilities in Sub-Saharan Africa

 

Links

Other Posts

Amitruck raises $4 million for scaling into Uganda and Tanzania

Frankfurt (Germany) and Nairobi (Kenya), February 2022. GreenTec Capital is very pleased to report that Amitruck, our Kenya-based logistics-tech portfolio company, has closed a US$4 million seed round. Amitruck will use the funds to bolster its operations, technical, and sales teams supporting its expansion in East Africa. The funding round was led by Better Tomorrow…

read more

Boreal Light begins project to provide 100% of Zanzibar’s water with renewable energy

Berlin (Germany) and Stown Town (Zanzibar), February 2022. GreenTec Capital is very proud to report that Boreal Light has begun work on their most ambitious project to date, providing 100% of Zanzibar’s water powered by renewable energy. On February 12th, the company broke ground on a water desalination plant at the Mnazi Moja Hospital in…

read more

PowerStove Wins US $100,000 in AllOn/USADF Off-Grid Energy Challenge

Frankfurt (Germany) and Abuja (Nigeria), January, 2022.  GreenTec is very pleased to share that PowerStove, its Nigeria-based cleantech portfolio company, is among 13 lucky African start-ups to win US $100,000 in an off-grid, energy challenge.   The annual challenge was hosted and founded by the United States African Development Foundation (USADF) in partnership with All On. …

read more