Finance ready plan: Eco-briquette factory, benefitting the community and environment
Environmental Engineering Company Limited (EECO), Tanzania
Every week, BiD Network highlights three finance ready plans. These top businesses have been subjected to the rigorous selection, coaching and matchmaking processes of BiD Network. They are ready for investment to expand their operations. With feasible business plans, a solid management team and real growth potential – finance ready plans deserve the attention of committed investors.
John Nshunju – an environmental engineer living in Lushoto, Tanga, Tanzania – is the founder and managing director of ECCO Ltd, an eco-briquette company. Offering an alternative fuel for cooking, eco-briquettes play a crucial role in forest conservation, reducing deforestation for this purpose. Furthermore the organisation offers valuable employment in the local community.
The production process uses waste materials from industry – such as wattle extraction companies, sawmills, as well as carbonic solid waste from commercial activities – reducing waste in numerous industries and making the product even more environmentally friendly. Read more
Finance needed: US$10,000 – $50,000
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BiD Network contributes to sustainable economic growth by stimulating entrepreneurship in emerging markets. With over 46,000 members and 10,000 business plans, bidnetwork.org is the world’s largest online community for emerging market SMEs, coaches and investors. Since 2005, BiD Network has launched 670 businesses, created more than 4700 direct jobs, and mobilised $15 million from investors. In November 2010, BiD Network was chosen by a G-20 jury as one of the 14 most innovative SME Finance organisations in the world.
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To see more companies looking for investment in Africa, visit Finance Ready Plans.