Kenyan Biotech firm receives Sh35m investment from WB fund

May 17, 2018
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NAIROBI, Kenya, May 17 – A Kenyan company that converts manure into biogas and natural fertilizer have received a Sh35 million investment from a World Bank fund.

Through the Kenya Climate Ventures, Sistema.bio will now scale its hybrid reactor biodigesters, delivering sustainable renewable energy and agricultural solutions to more farmers in Kenya.

Sistema.bio Country Manager Raymond Chepkwony has said that the convertible debt investment will ensure residents in rural areas gain access to clean energy by profitably managing all the waste in their households while safeguarding their health.

“We are on track to scale up our operations in Kenya and this round of funding will give us an opportunity to sustainably and positively impact more smallholder farmers and grow into different regions; initially in Kenya, but with an eye at regional expansion,” said Chepkwony.

KCV’s Chief Investment Officer, Paul Ohaga noted that the investment would help address sustainable agriculture while mitigating against climate change.

“Our investment in Sistema.bio reflects our commitment towards enterprises that work to elevate the climate agenda. We will continue to invest in enterprises that have a community focus and contribute to climate change mitigation and adaptation,” said Paul.

To improve the affordability of the biodigester, Sistema.bio provides interest-free payment plans to farmers.

This innovative approach increases access by smallholder farmers while keeping the monthly payments similar to what they would ordinarily spend on firewood, charcoal and LP Gas.

The technology also provides added value to the farmers as they can now cook without smoke, avoid pulmonary diseases, increase the productivity in their farms with organic fertilizer, realize an adequate return on investment and save money and time.

Sistema generates revenues from sales of the high-performance bio-digesters and the sale of utility accessories suitable for cooking, heating, mechanical energy and electricity generation.

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