Cleantech
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…
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. …
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…
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…
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…
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…