Fund invests in water-focused cleantech enterprise

21st January 2022

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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The Vumela Fund is investing an undisclosed amount in cleantech enterprise Kusini Water to expand its operations and broaden its ability to bring clean, safe drinking water to people in rural, periurban and informal settlements throughout Africa.

Kusini Water provides clean drinking water to local communities and corporate firms by manufacturing mobile, solar- powered water purification systems made from locally sourced macadamia nut shells and nanotechnology.

The firm, which was founded in 2017, with its first system built in Shayandima, Thohoyandou, in Limpopo, manufactures and assembles water filtration and treatment systems equipped with Internet of Things technology.

It now runs over 30 sites and provides more than three-million litres of water a month to communities and corporate companies.

“Kusini Water is an innovative and highly impactful business. We were impressed by the team’s skills and experience and by their passion to drive practical solutions for the African context that deliver both commercial and social outcomes,” says small and medium-sized enterprise (SME) and venture fund manager Edge Growth lead dealmaker Philani Mzila.

The Vumela Fund was established in 2009 by banking group FNB Business Banking and Edge Growth to help alleviate poverty in South Africa by creating jobs through supporting SME growth.

“The results they have already shown are exceptional and we look forward to partnering with them in their local and international expansion plans,” he says.

“Over the last three years, we have worked with our corporate partners to improve water security and provide better water management tools in South Africa,” adds Kusini Water founder and CEO Murendeni Mafumo.

“With this funding and partnership with Vumela, we aim to increase our reach throughout South Africa and across Africa to provide water security and ensure our communities have access to safe drinking water regardless of location.”

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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