Social enterprise secures funding to assemble bio-digestersMay 21, 2019
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.
According to the World Bank, farmers perceive higher crop yields, reduced fuel consumption, and better overall economic performance with the use of bio-digesters.