Posted on

Kenyan Startup Keep IT Cool Secures Funding for Pan-African Expansion

New Investments

Kenyan Startup Keep IT Cool Secures Funding for Pan-African Expansion

Kenyan startup Keep IT Cool, known for its innovative and sustainable refrigeration solutions, has received funding from global impact investor Acumen to support its ambitious expansion across Africa.

The company, co-founded in 2021 by Francis Nderitu and Abigail Gachigi, focuses on connecting supply and demand in the fish and chicken value chains.

Its suite of cooling solutions and a B2B app, Markiti, enable seamless transactions between suppliers and buyers.

The Markiti app empowers a network of shops, outlets, and restaurants to order fish and chicken directly from producers.

This innovation provides real-time demand data to farmers and fisherfolk, improving efficiency and market access.

Operating in Kenya and Tanzania, Keep IT Cool’s achievements were recently recognized when it won the 2024 Earthshot Prize.

Co-founder and Managing Director Nderitu highlighted the impact of the funding:

“Our collaboration with Acumen centers on our mutual commitment to uplifting underserved African communities. We strive to empower these communities by boosting their productivity, improving market access, and minimizing waste, ultimately helping to increase their incomes.”

The startup has already demonstrated significant impact, increasing the incomes of 3,600 fisherfolk by over 15% and virtually eliminating post-harvest losses within its network. Its growing customer base includes 40 supermarkets and 2,000 small businesses.

Keep IT Cool is constructing a solar-powered cold chain facility that will increase its capacity sevenfold.

This expansion will allow the company to diversify into fruits and vegetables and serve over 100,000 fisherfolk and farmers effectively.

The funding from Acumen is critical to achieving its vision of scaling operations across the continent.

The investment is part of Acumen’s Forcibly Displaced People (FDP) Lens Investing program in East Africa, which aims to bolster sustainable livelihoods in displacement-affected communities.

The program, supported by the Conrad N. Hilton Foundation, Swiss Agency for Development and Cooperation, and IKEA Foundation, provides capital and technical assistance to small and medium enterprises that support forcibly displaced people and their hosts.

Keep IT Cool’s innovative approach and commitment to community empowerment position it as a key player in addressing food preservation challenges while fostering economic growth across Africa.

Share :

“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

You may also like...

Posted on

Paratus Group Expands to Kenya to Bring Advanced Connectivity Solutions in Partnership with MoveOn Telecoms

Key Developments

Paratus Group Expands to Kenya to Bring Advanced Connectivity Solutions in Partnership with MoveOn Telecoms

Pan-African telecommunications leader, Paratus Group, has announced its expansion into Kenya through a joint venture with Nairobi-based IT and Internet Service Provider (ISP), MoveOn Telecoms Ltd.

The newly formed company will focus on providing and installing Starlink services across Kenya, bringing advanced connectivity solutions to underserved areas.

This move follows Paratus’ designation as an authorized reseller of Starlink’s low earth orbit (LEO) satellite services across Africa, a milestone achieved last year.

Paratus Kenya’s establishment comes shortly after the company launched operations in Eswatini, signaling its growing footprint on the continent.

MoveOn Telecoms Limited, licensed by the Communications Authority of Kenya since 2015, brings extensive experience in telecom solutions.

The partnership aims to leverage MoveOn’s expertise and Paratus’ network capabilities to deliver stable and reliable internet connectivity, critical for economic growth and digital transformation in Kenya.

Joseph Kibwott, Managing Director of Paratus Kenya, expressed enthusiasm about the collaboration, highlighting its potential impact.

“Paratus Kenya is committed to driving economic development and GDP growth by creating jobs directly and indirectly. Stable and reliable internet connectivity plays a pivotal role in this mission, providing access to e-government services, remote work opportunities, real-time security solutions, and telemedicine. Enhanced connectivity in remote areas will empower Kenyans and foster growth in local economies,” he said.

Martin Cox, Chief Commercial Officer of Paratus Group, emphasized the strategic importance of the expansion.

“Opening in East Africa has been one of our primary objectives, and this marks a significant milestone. It’s a giant step forward in our mission to connect underserved African countries south of the equator. We are thrilled to partner with MoveOn and to bring Starlink services to Kenya.”

Share :

You may also like...

Posted on

Roam to Establish 10 Solar-Powered Electric Mobility Hubs in Nairobi with EU Funding

New Investments

Roam to Establish 10 Solar-Powered Electric Mobility Hubs in Nairobi with EU Funding

Kenyan electric mobility company Roam is gearing up to launch 10 additional solar-powered Roam Hubs in Nairobi, supported by funding from ENERGICA, an initiative under the European Union’s Horizon 2020 program.

The project seeks to boost the adoption of sustainable and cost-effective transportation solutions for electric motorcycle riders in the city.

The hubs will offer affordable battery rentals, optimized charging facilities, and swift after-sales services, with each hub projected to handle 400 to 500 transactions daily for both battery charging and rentals.

In a press statement, Roam revealed that it is one of three demonstration sites selected in Africa by ENERGICA to develop region-specific, innovative clean energy technologies.

“While Roam focuses on expanding clean transport in Kenya, other demonstration sites include Madagascar, where nano-grids are being developed for renewable water and food production, and Freetown, Sierra Leone, where biogas and water purification systems are advancing energy, water, and fertilizer production,” the company stated.

The new Roam Hubs aim to make electric mobility more accessible, transforming Nairobi’s urban transportation landscape into a cleaner and more efficient system.

Solar charging, which underpins the affordability of the hubs, offers additional savings of KSh 10-15 per kWh compared to conventional electricity.

Roam emphasized the alignment of the ENERGICA project with its broader mission of advancing low-emission transport solutions.

“The ENERGICA project aligns seamlessly with Roam’s mission to provide innovative, low-emission transport solutions,” the statement read.

Share :

“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

You may also like...