Wangara Green Ventures Invests GHS 2.5 million ($500,000) in Cleanearth Scientific Limited to Bring Clean Water to Ghanaians.
Accra, Ghana, April 20, 2020 – Wangara Green Ventures, an impact investment fund capitalized by the World Bank through the $3.2m Ghana Climate Venture Facility (GCVF) announces a GHS 2.5 million ($500,000) investment in Cleanearth Scientific Limited to support the company develop water and wastewater treatment systems as well as offer quality water testing solutions and support services.
Cleanearth Scientific is a life sciences and engineering company that provides industrial clients in West Africa with instruments to monitor the quality of water, products and environment. In addition, the company executes projects for treatment and optimization of water and wastewater systems. Key industries the company serves include Food & Beverage, Mining, Power Generation, Pharmaceutical, Petroleum, and Municipal Water.
The investment in Cleanearth Scientific will help the company to expand its services to other industrial customers in Ghana, Senegal, Cote D’Ivoire, Nigeria and Liberia for clean water and wastewater treatment projects.
Mr. Ekow Archer, CEO of Cleanearth Scientific, stated that sustainable management of water and its treatment is a key part of our strategic intent to create jobs, make a difference in the quality of life and protect the environment in Africa. Our partnership with Wangara Green Ventures and this investment positions us to take bold steps into the future to meet our growth aspirations.
Wangara Green Ventures is an impact investment company that invests between GHS 250,000 to GHS 2,500,000 in equity and quasi-equity in Small and Growing Businesses (SGBs) in the missing middle that are engaged in renewable energy, energy efficiency, waste management, water management, climate-smart agriculture or generally climate-friendly businesses. Wangara also supports the growth and sustainability of these SGBs by making available pre-investment and post-investment Technical Assistance Grants.