New project in East Africa

juni 29, 2024  |   Blog   |    

Renetech can proudly announce our participation in a new project in Tanzania, just announced.

MTI Investment AB (ticker MTI) announces that Techbridge Invest AS, in which MTI holds a 49.1% stake, has secured a NOK 25 million grant (USD 2.4 million) from the Norwegian Agency for Development Cooperation (NORAD). This funding will drive entrepreneurship, create the possibility for up to 9000 new jobs in the region, and foster sustainable economic growth in East Africa.

TechBridge Invest is a Norwegian based company, founded by entrepreneurs and experienced business professionals. Its focus is: • Building and investing in scalable, sustainable businesses in East Africa, creating value through training, investments and active ownership and creating job opportunities and profitable businesses where it is needed the most and the potential is high. TechBridge Invest creates positive social impact, with a focus in East Africa, through developing profitable businesses, job creation and through developing affordable products that solves problems for the underserved population.

Renetech, focusing on project development in renewable energy and bionutrient recycling, will participate as consultant to the project.