With 25 supported projects and the expansion of the network to 22 members, the Eastern Africa region has managed to scale up PFAN activities last year, despite the impacts of the Covid-19 pandemic.
Moreover, PFAN has established partnerships with two industry associations in the region, namely the Africa Solar Industry Association (AFSIA) as well as the Clean Cooking Association of Kenya (CCAK). While the partnership with CCAK will focus on outreach to clean cooking ventures with the aim of providing some capacity building to the sector, the AFSIA partnership is leaning towards investor outreach and introduction of PFAN projects to potential investors.
Additionally, Kenya Climate Ventures (KCV), an investment management company that seeks to accelerate the development of climate smart solutions, has also become a PFAN Partner in 2020. Together with KCV and Camco Clean Energy, PFAN has organised a “Meet the Investor” webinar, in which PFAN services were introduced to a group of project developers as well as the Investors’ perspective was presented. In addition to outreach webinars, Eastern Africa network members have represented PFAN at various conferences and workshops, such as a consultative forum on sound chemicals management mainstreaming and UPOPS reduction in Kenya.
Eastern Africa in 2020
Total investment leveraged (USD)
Projects that reached financial closure
Locally-based Advisors (%)
Total number of projects supported
New partnerships established
Total number of projects supported by country
Financial closure spotlight
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”Through PFAN’s support in polishing our business model, coaching and investor linkages, Kuza has met and negotiated with different investors. PFAN has supported us in every step, increasing our project attractiveness to investors. We are greatly indebted to PFAN and specifically thank Wilfred Mworia for going an extra mile to support us in every step of our journey”.
Meet our Network in Eastern Africa
PFAN Advisor - Diana Gichaga
Diana is a frontier markets professional providing business and transaction advisory services to SMEs within Sub-Saharan Africa. This support entails deal origination, investor readiness, deal structuring, capital raising, investor relations and portfolio company support for SMEs.
Diana has over 16 years work experience in the capital markets and private equity/venture capital industries in Sub Saharan Africa. She is the Founder and Managing Partner of Private Equity Support (PES) – an Enterprise Support Advisory organisation. PES works with Small and Growing Businesses (SGBs) to provide investor readiness support to SGBs seeking to raise early stage financing or reposition for sustainable growth.
Diana has previously worked in asset management at Britam Asset Management where she focused on the private equity and real estate segments. She was also the Head of Investor Relations at Fusion Group Africa, a regional private equity firm domiciled out of Guernsey, raising over USD 40m for a first time team, on a first time fund, investing in East Africa.
Prior to that, Diana set up and led the Investor Relations department at the Nairobi Securities Exchange, including managing the public relations and communications aspects.
Regional Coordinator - Wilfred Mworia
Wilfred started his career in enterprise software, working for several local and international software houses. With a keen interest in the transformative potential of entrepreneurship, he ventured out into tech enterprise for a number of years, after which he found he could have greater impact by enabling other entrepreneurs to thrive. He has since worked in various capacities providing business strategy and investment support to entrepreneurs.
Wilfred is PFAN’s Regional Coordinator in the Eastern Africa Region, where he works to grow investment towards clean energy ventures.
Ethiopia – Mika Turpeinen
Kenya – Patrick Thimba
Rwanda – Mansul Kakimba
Tanzania – Philemon Msuya
Uganda – Arnold Byarugaba
New Partners in 2020
Clean Cooking Association of Kenya (CCAK), Kenya
BCSDZ was formed 25 years ago by a group of leading business people in Zimbabwe who shared common concerns over environmental issues and who wished to make and encourage a commitment by business to the phased implementation of environmental management programmes, and assist in enhancing appropriate knowledge.
Kenya Climate Ventures (KCV), Kenya
Impact fund manager
Kenya Climate Ventures Limited, founded in 2016, is an investment management company that seeks to accelerate the development of climate smart solutions by providing tailored and targeted financial and managerial assistance support to innovative early and growth stage businesses.