News

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 expands Logisticstech portfolio with investment in ShapShap

Frankfurt (Germany) and Lagos (Nigeria), November 2021. We are very happy to announce our investment and signing of a collaboration agreement with ShapShap, a Nigerian logistics platform focusing on deliveries in Africa’s fragmented logistics market. ShapShap has developed an all-in-one platform connecting customers, drivers, and merchants and is currently facilitating last-mile deliveries in Abuja and…

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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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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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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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GreenTec Capital at AFSIC 2021 in London

Frankfurt (Germany) and London (England), October 2021. GreenTec Capital CFO Thomas Festerling and Head of Financial Solutions Norbert Reeg traveled to London, England for The AFSIC 2021 Investing in Africa Conference and Expo on October 11th-12th 2021. AFSIC is regarded as the largest annual African investment event outside of Africa. The two-day event featured a…

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