News

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 Co-invests into creative-focused edutech platform LAFAAAC

Frankfurt (Germany) and Paris (France), December 2021. GreenTec Capital is very pleased to announce our co-investment in LAFAAAC (The Franco-Anglophone Academy of Arts and Culture) with INCO Ventures through it’s vehicle Abeille Impact Investing France. LAFAAAC is an edutech platform focused on creative professionals specializing in cinema, audio visual, fashion, music, and publishing, and more…

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Thomas Reyal joins GreenTec Capital as Investment Manager

Frankfurt (Germany), September 2021. GreenTec Capital is pleased to announce that Thomas Reyal has joined the firm in the role of Investment Manager. Thomas will apply his background in acquisition finance and private equity in support of the GreenTec Financial Solutions Team and its initiatives to develop solutions to help investors participate in African innovation….

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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 Captial featured in Handelsblatt article on record level investment in Africa.

Frankfurt (Germany), December 2021. GreenTec Capital CFO Thomas Festerling was quoted in an article in the the Finance Section of the weekend edition of Handelsblatt for December 3rd and 4th, 2021. The article (in German) titled ‘Record Investments in Africa’ covers the increased investment activity, particularly from the perspective of KfW and institutional and impact…

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