New production venture
E-Wave partners with the Slovenian Roto Group and Kenyan investors, founds ‘Kewat Industries Ltd.’
Photo from left: Matjaz Pavlinjek – Roto, Nilesh Jasani – Thames, Wolfgang Gregor, E-Wave
E-Wave partners the Slovenian Roto Group and Kenyan investors, to found ‘Kewat Industries Ltd.’
Together with Kenyan investors and the Slovenian Roto Group, E-Wave invests in a new manufacturing company in Kenya.
The purpose of the company is to manufacture and sell large-volume PE products using the rotational moulding process. The first step will be the production of polyethylene (PE) boats for the fishing industry at Lake Victoria, and subsequently products for waste water treatment and water storage.
The investment for the start-up phase amounts to approx. € 3 million. Financing is provided from own funds and loans from local banks. Kewat is dimensioned to produce up to 3.000 boats per year in full operation. Start of production is the 2nd quarter of 2024.
After the most successful market and feasibility study, the foundation of Kewat Industries and our investment was a logical step. With the Slovenian Roto Group and the local partner Thames, we have found two champions who ensure all aspects of a successful and profitable business.
With Kewat Industries Ltd. we bring a new technology to East Africa which is urgently needed to make the continent less dependent on imports. The business model was compelling and our consortium partners are a windfall. We thank E-Wave for their entrepreneurship and their courage to convince European partners to invest in Africa.
As a market leader in the rotomoulding industry , we are already successfully positioned in Europe. The step to establish a production in Africa was challenging and is only possible with partners we can rely on. Without the co-participation of E-Wave we would not have entered this adventure.
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Our Investment
principles
If a new initiative is to take root and grow, it must offer real improvements for all stakeholders in key aspects:
- It must be simple, profitable and affordable for a large target group
- It must be economically viable for the investors who pre-fund the initiative and
- it must be ecologically sustainable for our planet.
Difficult? Yes! But possible with expertise and dedication!
Environmently friendly
the CO2 footprint of most developing nations is a fraction of that of our own.
So why is the leverage on an electric fisherboat in Africa so much greater than an e-vehicle at home? Let’s discuss the soft aspects of environmental protection.
locally empowering
our goal is the economic liberation of our local facilitators and customers – not their long-term indenturement. Here are five reasons why this radically un-modern approach is best practice – and the future of resilient altruistic investment strategies.
Financially viable
we can’t wait for the UN, World Bank or the Gates Foundation to solve all the world’s problems. We all need to support change now. Got a few million for a foundation? Go for it! For the rest of us, philanthro-capitalistic models offer a personally viable, crowd-sourced venture capital opportunity to facilitate change and maintain wealth.