Cleantech

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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Pricepally secures seed investment from SOSV

Frankfurt (Germany) and Lagos (Nigeria), December 2021. GreenTec Capital is very pleased to report that Pricepally was selected to receive funding and support from US-based SOSV as a part of their cross-border program. Pricepally is is our Lagos, Nigeria-based e-commerce start-up focusing on connecting producers in the agricultural value chain with consumers in Nigeria. The…

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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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GreenTec invests in Nigerian Mobility Solutions platform T40

Frankfurt (Germany) and Lagos (Nigeria), October 2021. GreenTec Capital is very pleased to announce our investment in T40, a Nigerian intercity transport- and logistics-tech company developing solutions to help mobility service providers offer better service to their customers and increase their revenues. The African continent is experiencing one of the highest rates of urbanization globally….

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Amitruck partners with IMFact to access greater financial capital for East African scaling

Frankfurt (Germany) & Nairobi (Kenya), October, 2021. GreenTec Capital is pleased to share that its portfolio company, Amitruck, has partnered with IMFact,  a pan-African FinTech offering alternative financing options to SMEs in the supply chain industry. IMFact is a Smart Finance alternative to traditional bank lending for Kenyan SMEs operating in the supply chain business…

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