Increasing African private sector investments within a changing climate By Ruth Ndegwa 7 th December 2017
About KCIC Kenya Climate Innovation Delivery areas • Center registered as a company in January 2015 Governance: Board of • governors – 9 members Financing Advisory from consortium, private services sector & government Funding 100% • Access to Access to facilities Information Thematic Areas • - Renewable Energy - Agribusiness Enabling Environment - Water
Kenya CIC provides a hub for support Kenya CIC services and activities Advisory Services Access to Information Enabling Environment Access to Facilities Business Training Policy Support Market Information In-sourced § Advice & advocacy § Financial, Tax & § Market Intelligence investment § Sector trend analysis § Office & networking § Seminars and Events International § Competitive space Collaboration § Marketing, strategy, HR Landscape § IPR support Technical Training § CIC Network Technology Information § Matching services Outsourced § Product design, & § Tech & performance Regional outreach and development courses data quality visibility § Testing and demo § Product design and Advisory Service adaptation § Partnerships Finance Information § Prototyping § Awards & § Packaged services Competitions § Mentorship § Database § Conference & Event
Our model Kenya Climate Innovation Center (KCIC) Kenya Climate Ventures (KCV) • Providing risk capital through a – Aims to be a strategic financial highly flexible fund that offers investor for commercial early stage financing through two windows, investment model and catalyze namely proof of concept and ESFM and facilitate investment in the climate change sector. • Facilitating other sources of financing through syndicating investors, building partnerships with – Providing capital, with high banks to facilitate working capital engagement and technical finance and facilitating consumer assistance. financing to ensure technology adoption in the market.
Kenya CIC provides a hub for financing Finance Proof of Early Stage 3 Seed Fund - 2 1 Concept Financing Kenya Funds (New) Climate Ventures Just closed 3 USD 1.1 million deals amounting disbursed to 26 to USD 1,000,000 enterprises 4 Leveraged funds USD 24 million
Roles of our SMEs in addressing climate change Renewable energy Agribusiness (climate smart Water Management agriculture and food (biogas, solar, improved value addition) cook stoves and (water efficiency Contributes to climate biomass) technologies and resilience hence monitoring systems) Contributes to low decrease food waste, carbon and reduction of Contributes to climate increase food security, equivalent greenhouse resilience through help in stabilizing gases (GHG) emission. access to clean water. volatility of incomes for agricultural and supply chains.
Success Cases Human Needs Project PowerGen Mineral & Allied PoC Grant – USD $ 47,050 PoC Grant – USD $50,000 PoC Grant – USD $ 39,768 T o conduct a survey to determine To test the commercial viability of a To conduct and operatize 2 their suitability for solar micro-grids water business model and payment hydroponics demo farms. in Kenya; t o test out the various systems. designs for the PowerBox structures Impact: Installed 285 systems and installed two solar micro-grid Impact: HNP sells water at price in Kenya, 4 in Uganda and 1 in systems. of KES 2.00 and 5.00 per 20 litre Tanzania, hired 8 additional jerry can to bulk water vendors employees Impact: Installed over 20 and households respectively. m i c r o - g r i d s a f t e r P O C SEED Fund – USD $ 620,000 financing; secured $1.5 The average sales a day is and USD 350,000 from USAID million as a repayable grant 50,000m3 litres of water and so and KCV respectively from AECF; and hired over 39 far HNP has sold clean water to Plans to diversify their products employees and currently over 5,240 customers. and improve market upscaling. expanding into the Tanzania (ongoing) market. 7
Impact 83 150 126,078 No. of businesses No. of businesses No. of people commercialized supported using low carbon energy sources 258,438 147,500 33% No. of customers Tons of carbon Percentage growth reached by dioxide equivalent in revenue by supported enterprises mitigated enterprises supported by KCIC 113,118 32% No. of people Percentage accessing clean increase in water agricultural production
About KCIC: https://www.youtube.com/watch?v=ncx54nnciB0 •
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