BCF Invests in Kenyan Sanitation and Renewable Energy Company - NextBillion
Summary
In addition to providing employment to Kenyan micro-entrepreneurs, Sanergy also facilitates daily cleaning and waste collection services. Beyond Capital Fund believes Sanergy is well positioned to grow and scale its business within the Kenyan sanitation, energy and agricultural sectors. We feel confident that we have invested in a strong management team and business model that will generate solid financial and social returns, stated Eva Yazhari, Executive Director of Beyond Capital Fund.Beyond Capital Fund decided to invest in Sanergy with help from pro bono legal partners, McGuireWoods, Baker & McKenzie, and Miller Buckfire. These partnerships play a critical role in Beyond Capital Funds decision-making process, which also includes the Due Diligence Committee, Board of Directors, and Advisors. Stephen Brenninkmeijer, Beyond Capital Funds Director, supported the decision after a visit to Kenya, I have met Sanergy operating their first project in the Kibera slum in Nairobi.