Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Sistema Bio Co-Founder and Chief Executive officer, Alex Eaton, says the technology will eneable farmers save money and increase yields/AFP

Agriculture

Social enterprise secures funding to assemble bio-digesters

Sistema Bio technology will enable farmers save money and increase yields/Courtesy

NAIROBI, Kenya, May 16 – Social enterprise firm Sistema. Bio, a biogas company in Africa, has secured Sh1.2 billion to assemble bio-digester technology that will impact over 100,000 farmers in Kenya over the next three years.

The initiative follows an investment round to drive growth in Kenya which was led by international investors ENGIE RDE, EU Electrifi Fund, Alpha-Munid, Triodos-Hivos Fund, Dila Capital, Eco-Enterprises among other impact and commercial investors.

Sistema Bio Co-Founder and Chief Executive officer, Alex Eaton, says the technology will enable farmers save money and increase yields.

“Farmers can save a lot of money and through the use of the technology … they can also improve their soils which will eventually improve production,” he said.

“Part of the reason as to why we started in Kenya is that this is a very dynamic market and its quick to adopt innovation, but we plan to expand to other East African countries in the near future,” said the Co-Founder and Chief Executive officer Alex Eaton.

The bio-digester technology is expected to create employment opportunities for hundreds of Kenyans, while educating farmers on the use of organic fertilizers in their farms, directly supporting the global Sustainable Development Goals (SGDs) and the government’s Big Four Agenda.

With the concerns of rising fuel costs and climate change customers are looking to green energy which reduces carbon emissions and promotes recycling.

Kenya aims to reduce its greenhouse gas emissions by 30 percent by 2030, in line with its commitment to the global SDGs.

In a country that is heavily reliant on agriculture, Kenya’s 2018 to 2022 action plan identifies the rise in global temperatures as a major threat to poverty reduction and sustainable development.

Farmer awareness by on the effects of global warming has driven an upsurge in demand for the kind of technology offered by Sistema.bio.

Advertisement. Scroll to continue reading.

According to the World Bank, farmers perceive higher crop yields, reduced fuel consumption, and better overall economic performance with the use of bio-digesters.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Coronavirus

NAIROBI, Kenya, Mar 25 Kenyans who will fail to pay their dues by April 1 will not be listed in the Credit Reference Bureau...

Headlines

NAIROBI, Kenya, Mar 13 – Meet Kennedy Okaka, the CEO of PH Africa which manufacturers and distributes hand sanitizers. Okaka speaks to Capital Business...