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funding gap emerging markets
Kenya

Intel Center

  • FinancialAccess
  • Invest in microfinance
  • + 230 other investors
  • With EUR 164,350 Robert is able to provide the 7,000 workers for the Lake Turkana Wind Power project with access to internet.

    €164,350
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€164,350
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 hours on 17 October 2017.

      The project

      You can read the information document here

      Robert Namu, a Kenyan entrepreneur, is the CEO of INTEL Centre – a prominent supplier of hardware IT solutions. The company started operations in 2012.

      Since 2014 INTEL has been a sub-contractor of the Lake Turkana Wind Power (LTWP) project, which is the single largest private investment in Kenya’s history. The EUR 625 million project covers 162 km², comprises 365 wind turbines and is located in the remote Loiyangalani District, Marsabit County. The LTWP project has progressed according to plan and electricity is already being generated. (https://ltwp.co.ke/).

      LTWP is supported by the Dutch government which provided a €10 mln grant for the rehabilitation of the access roads to the project site. Moreover, the Dutch development bank FMO has provided 35 mln in financing for the project. Read more here. 

      As part of LTWP a brand-new village for 7,000 workers has been constructed in the desert; INTEL has now been contracted to connect every house in the village to a fiber optic cable providing them with phone lines and access to high speed internet. Moreover, they will also get access to wind energy. 

      Currently, the company has 30 labors working on its various projects and with this funding, the number will grow to over 85 (of which many youths). 

      Company nameFinancialAccess
      CEORobert Namu
      Founded2012-01-01
      LocationNairobi
      SectorServices
      Turnover€671,266.94
      Employees30

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 55 jobs are created
      • With this investment 220 lives are improved

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