The Vumela Fund invests in SA cleantech Kusini Water
Summary
The impact-focussed Vumela Fund established by FNB Business and Edge Growth has made an investment in Kusini Water – a cleantech enterprise that provides clean drinking water for the local communities and corporates. The investment in Kusini Water will expand operations and boosts its ability to provide clean, safe drinking water to people in Africa’s rural, peri-urban and informal settlements. The manufacture and assembling of water filtration and treatment systems are powered by IoT technology. To date, the business runs over 30 sites providing over 3 million liters of water to communities and corporates every month. Kusini Water took part in FNB’s Social Entrepreneurship Impact Lab programme receiving business development support and grant investments.