Kenya’s National Environment Trust Fund (NETFUND) is a semi-autonomous state agency under the Ministry of Environment and Forestry with a mission to empower Kenyans to sustainably manage the environment through the promotion and support of Green Growth initiatives.
Through the NETFUND Green Innvoations Award, the organization identifies, supports and incubates promising green initiatives by Kenyans.
John Magiro was the winner of the 2016 Green Innovations award. NETFUND has been supporting Magiro Power ever since through training, technical assistance and linkages.
For the project EmPOWERING Young & Female Entrepreneurship, NETFUND is extending this support to promising young & female entrepreneurs start up or scale up their electricity powered business through:
- Financial support: up to 5.000 USD seed funding
- Technical assistance: linkages with experts
- Business training & coaching
Contrary to Magiro Power, Hydrobox develops LARGE (+500 kW) & ON-GRID hydropower plants that provide electricity to the national electricity grid thereby reinforcing the reliability of electricity in the country.
As part of its vision to operate as a financially sustainable company while having a direct social impact in the communities it operates, Hydrobox has taken a minority stake in Magiro Power bringing in financial means, as well technological and business expertise.
The partnership between Magiro Power and Hydrobox aims at fine-tuning Magiro Power's technology & business model in order to help Magiro Power scale up its proposition of affordable electricity to households & businesses in rural areas across Kenya.
“John Magiro's electricity is very efficient... He is young but he has the right drive and focus.
He will take our community far with the right support.”
– Customer: Mama Warui