Cleantech

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. …

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Boreal Light GmbH opens solar water desalination unit in Nungwi, Zanzibar

Frankfurt (Germany) & Nungwi (Zanzibar) January, 2022.  GreenTec Capital is very pleased to share that its portfolio company, Boreal Light GmbH, officially opened a solar, water desalination system in Nungwi, Zanzibar, Tanzania.  Nungwi is a large village located in the far north of the island with a population of approximately 5,500.   Dr. Mngereza Miraji, Principal…

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Powerstove signs $7.1 million International supply contract with Finnish firm

Frankfurt (Germany), Helsinki (Finland), and Abuja (Nigeria), January, 2022. GreenTec is very pleased to share that Powerstove, our Nigeria-based cleantech portfolio company, has signed a US$7.1 million supply contract with an undisclosed Finnish company. The multi-year contract will have the Abuja-headquartered company providing its signature Goodlife Pellets to the company which sources high quality ecological and…

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GreenTec CEO Erick Yong and investee Powerstove attend the SDG Finance Geneva Summit

Geneva (Switzerland) and Frankfurt (Germany),  December, 2021.  GreenTec Capital is pleased to share that its CEO & Co-Founder, Erick Yong, participated in a panel discussion as part of the SDG Finance Geneva Summit.  The event was organised by the UNDP Geneva and focused on SDG financing in developing countries.  GreenTec portfolio company Powerstove also attended for…

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Powerstove selected as USADF inaugural ARIE grant awardee

Frankfurt (Germany) and Abuja (Nigeria), November 2021. GreenTec Capital is pleased to report that Powerstove was selected as one of the inaugural recipients of a grant for the Africa Resilience Initiative for Entrepreneurs (ARIE). Powerstove CEO Okey Esse joined 24 other grantees in being recognised by the program intended to provide funding and technical assistance…

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GreenTec’s Anandha Ponnampalam speaks at COP26 Panel

Frankfurt (Germany) and London (England), November 2021. GreenTec Capital is pleased to share that Anandha Ponnampalam, its Chief Technology Officer, participated in a panel as part of the COP26 UN Climate Change Global Innovation Hub Pavillon.  The hybrid in-person & virtual panel was focused on climate entrepreneurship ecosystems in African cities, and was hosted by…

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