Local Firms Raise $100,000


Eco Fuels Kenya and Lipisha Raise US$ 50,000 each From GrowthAfrica and Village Capital First Accelerator Progamme

By Sam Wakoba

Eco Fuels Alan Paul

Eco Fuels Kenya and Lipisha Consortium Limited Thursday night secured US$ 50,000 from Growth Africa and Village Capital. Eco Fuels was founded by Alan Paul and Cosmas Ochieng and uses indigenous croton nuts to produce environmentally friendly green biofuels and organic fertilizers while Lipisha co-founded by Martin Kasomo and Marshal Musyimi, facilitates and tracks transactions between mobile money accounts and bank accounts for small- and medium-sized businesses.

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