Kenya Climate Ventures has today signed a loan agreement with Onja Uone Limited and Sunken Limited with the in line with their mission of investing in early and growth stage companies to help unlock their growth potential.
Kenya Climate Ventures Chief Executive Officer Victor Ndiege has congratulated the two companies, “Investing in commercially sustainable solutions is one of the best ways to help address shared climate risks. I believe that through this agreement we will unlock value for all involved parties while building the resilience of key players (such as farmers) in their supply chains.”
The two enterprises both trying to enforce climate-smart agriculture and clean energy solutions respectively are looking forward to building on self-interests of both their businesses, smallholder farmers and households: while at the same time proving to be game-changers in scaling up and sustaining responses.
Onja Uone Limited founder Joseph has said, “agriculture constitutes the mainstay of most African economies and the main source of employment. I believe that this investment will help us get the necessary certifications, acquire equipment that is crucial in our production process and support our working capital as we commence export of processed raw macadamia nuts.”
The agricultural and energy sectors have been greatly affected, and since millions of smallholder farmers are at a high risk of experiencing the effects of climate change, there is no better way of solving this problem other than acknowledging the magnitude of the challenge, the required pace and scale of response.
“There is no path to protecting the climate without dramatically changing how we produce and use electricity. Through this investment, we look forward to accelerating the use of green energy solutions in Turkana county and across the country by tapping into the huge market and partnering with more institutions to urgently harness climate-driven responses to help deliver climate-smart solutions,” Sunken Limited CEO Christine Atega has said.
Kenya Climate Ventures (KCV) offers affordable, tailored and long-term finances to both early and growth stage companies who have shown the possibility of climate-smart solutions.
“These Investments have been well earned by these enterprises whose business activities are promoting agribusiness and clean energy. This highlights how KCV is committed to bettering livelihoods of people at the bottom of pyramid in Kenya as an Impact Investor” said Victor.
Both companies have flexible paying structures and have received guidance and advisory on how to accelerate the development of climate-smart solutions to continue making a positive impact on target markets and communities in Kenya.
