@BusinessDaily

Green fund boost for women-led nut processor Exotic

5 months ago, 15 Apr 18:08

By: James Kariuki

A women-led nuts processor, Exotic EPZ Ltd, has received a Sh5 million soft loan from pro-green technologies Kenya Climate Innovation Centre (KCIC). The facility, provided by Autodesk Foundation — a private nonprofit organisation supporting innovation — will enable the firm to raise its farmer base from the current 1,500 members and make prompt payments for macadamia nut deliveries. KCIC chief executive Edward Mungai said small enterprises running climate-friendly businesses will be targeted to enable them scale up operations as well as widen market reach. “Our early stage financing facility is a game-changer that will support young enterprises in their quest of identifying innovative, market-based climate solutions and help them move toward greater financial growth,” explained Mr Mungai. Mr Mungai said he was willing to partner with other pro-green investors keen on supporting small enterprises that run environmentally friendly businesses. He said that Autodesk Foundation had pledged more funds for startups with viable business ideas that need seed capital to scale up. “Climate change poses a real threat to Kenya’s development prospects and livelihoods as it undermines investments made to meet Kenya’s development agenda. “The drivers of Kenya’s economy are primarily natural resource-based, notably agriculture, trade, industry, tourism as well as the services sector including water, energy, and transport,” he said. Exotic EPZ managing director Jane Maigua welcomed the funding, saying it has provided them with working capital that will help them improve on efficiency and boost product availability to their customers.
Read More


Category: business lifestyle news opinion markets corporate economy

Suggested

7 hours ago, 00:17
@StandardMedia - By: Macharia Kamau
Telcos lose control of agents as unregistered SIM cards rocket

Rush for sales sidesteps regulations on customer identification and exposes subscribers to fraud. ...

Category: topnews news business
7 hours ago, 00:17
@StandardMedia - By: Moses Omusolo
Vivo wraps up Engen deal for Sh20 billion

Pact will see firm take over rival’s outlets in eight countries, including Kenya. ...

Category: business news
14 hours ago, 17:19
@DailyNation - By: Lynet Igadwah
Mobile firms given 2 days to switch off illegal subscribers

Mobile operators have until Friday to remove unregistered subscribers and those listed using fraudulent documents from their networks or face fines of up to 0.2 per cent of their annual sales. ...

Category: topnews news business
14 hours ago, 17:08
@BusinessDaily - By: Jenny Lues
It’s time to rethink our expenditure plans

Kenya finds itself at a crossroads. It needs a better future, in terms of health and education, and lives lived. But in our modern world that depends on money, and money is made by business. ...

Category: business news markets economy lifestyle opinion
20 hours ago, 11:37
@DailyNation - By: Constant Munda
Treasury sees growth hitting seven-year high

The imposition VAT on fuel has triggered widespread fears that the economy is bound to deeply suffer. ...

Category: topnews news business
14 hours ago, 17:19
@BusinessDaily - By: Nasibo Kabale
Medics in strike threat over Pumwani saga

Doctors have threatened to go on a countrywide strike if the suspended colleagues from Pumwani hospital are not reinstated. ...

Category: business economy news corporate

@BusinessDaily

Green fund boost for women-led nut processor Exotic

5 months ago, 15 Apr 18:08

By: James Kariuki
A women-led nuts processor, Exotic EPZ Ltd, has received a Sh5 million soft loan from pro-green technologies Kenya Climate Innovation Centre (KCIC). The facility, provided by Autodesk Foundation — a private nonprofit organisation supporting innovation — will enable the firm to raise its farmer base from the current 1,500 members and make prompt payments for macadamia nut deliveries. KCIC chief executive Edward Mungai said small enterprises running climate-friendly businesses will be targeted to enable them scale up operations as well as widen market reach. “Our early stage financing facility is a game-changer that will support young enterprises in their quest of identifying innovative, market-based climate solutions and help them move toward greater financial growth,” explained Mr Mungai. Mr Mungai said he was willing to partner with other pro-green investors keen on supporting small enterprises that run environmentally friendly businesses. He said that Autodesk Foundation had pledged more funds for startups with viable business ideas that need seed capital to scale up. “Climate change poses a real threat to Kenya’s development prospects and livelihoods as it undermines investments made to meet Kenya’s development agenda. “The drivers of Kenya’s economy are primarily natural resource-based, notably agriculture, trade, industry, tourism as well as the services sector including water, energy, and transport,” he said. Exotic EPZ managing director Jane Maigua welcomed the funding, saying it has provided them with working capital that will help them improve on efficiency and boost product availability to their customers.
Read More

Category: business lifestyle news opinion markets corporate economy

Suggested

7 hours ago, 00:17
@StandardMedia - By: Macharia Kamau
Telcos lose control of agents as unregistered SIM cards rocket

Rush for sales sidesteps regulations on customer identification and exposes subscribers to fraud. ...

Category: topnews news business
7 hours ago, 00:17
@StandardMedia - By: Moses Omusolo
Vivo wraps up Engen deal for Sh20 billion

Pact will see firm take over rival’s outlets in eight countries, including Kenya. ...

Category: business news
14 hours ago, 17:19
@DailyNation - By: Lynet Igadwah
Mobile firms given 2 days to switch off illegal subscribers

Mobile operators have until Friday to remove unregistered subscribers and those listed using fraudulent documents from their networks or face fines of up to 0.2 per cent of their annual sales. ...

Category: topnews news business
14 hours ago, 17:08
@BusinessDaily - By: Jenny Lues
It’s time to rethink our expenditure plans

Kenya finds itself at a crossroads. It needs a better future, in terms of health and education, and lives lived. But in our modern world that depends on money, and money is made by business. ...

Category: business news markets economy lifestyle opinion
20 hours ago, 11:37
@DailyNation - By: Constant Munda
Treasury sees growth hitting seven-year high

The imposition VAT on fuel has triggered widespread fears that the economy is bound to deeply suffer. ...

Category: topnews news business
14 hours ago, 17:19
@BusinessDaily - By: Nasibo Kabale
Medics in strike threat over Pumwani saga

Doctors have threatened to go on a countrywide strike if the suspended colleagues from Pumwani hospital are not reinstated. ...

Category: business economy news corporate
Our App