The National Environment Trust Fund (NETFUND) joined the community of innovators in showcasing innovations during the African Summit on Entrepreneurship and Innovations (ASENTI) 2016 at the United States International University-Africa; a forum that bring together SMEs, startups and different stakeholders for an insensitive interaction and training on entrepreneurship and Innovation from across Africa. The summit themed “Africa re-thinking Innovation” brought together top leaders in the industry who shared knowledge on business and Innovation.
Safaricom’s CEO Bob Collymore who was the event’s Guest speaker urged Kenyans to focus on innovations as the backbone of our country’s future economy. Collymore added that there is need for the youths to take advantage of the opportunities presented by climate action and lay the foundations for a more prosperous and secure future for all.
NETFUND continuous to be great supporter of Green Growth innovations and on this day, showcased three innovations under NETFUND GIA energy category; Green Biofuels, small scale and medium enterprise; Takawiri Craft Enterprises, and PAK FAB briquettes.
Takawiri Craft Enterprise is an innovation that focuses on utilization of raw materials such as water hyacinth and waste papers otherwise considered a menace to make innovative products such paper; business cards, greeting cards, success cards, contact cards, book covers, envelopes that are of economic value. Through these innovations, the enterprise has provided employment to the youth in the area within which they operate in.
Green Biofuels, another great Green Growth innovations is an innovation that exploits water hyacinth through fractional distillation process to produce bio ethanol. The bioethanol is used as an alternative fuel for heating and lighting in cook stoves, lamps and even it is being processed to be used in motor bicycles. Water hyacinth mats clog waterways, making boating, fishing and almost all other water activities impossible.
Similarly, PAK FAB enterprises was showcased during the ASENTI summit. This is an innovation that produces high quality cooking briquettes consumed by the Kenyan manufacturing sector. The briquettes are made of domestic wastes such as sawdust.
NETFUND through the Green Innovations award focuses on supporting the development of 100 Green companies by 2025 in order to alleviate poverty by creating sustainable employment.