Asharami Synergy launches Kshs 10M fund targeting young entrepreneurs

Written By: Ronald Owili
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Asharami Synergy has unveiled a Kshs 10 million fund to support bankable ideas that will be vital in increasing access to clean energy and promote Sustainable Development Goals.

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The firm which is a member of energy conglomerate, Sahara Group says the Sahara Impact Fund which will be available to young innovators and entrepreneurs in Kenya in line with the Sahara extrapreneurship model which “creates enabling environment for entrepreneurs”.

Asharami Synergy Country Manager Debola Adesanya says the initial amount in the fund will be increased based on impact, reach and sustainability matrices targeted at supporting young social entrepreneurs in Africa with seed funding as well as providing access to mentoring from Sahara Group and other private sector partners, to scale up clean energy and sustainable environment innovations.

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“Asharami Synergy is passionate about youth capacity development in Kenya and giving resourceful social innovators in the nation a platform to kickstart their aspirations. We are looking forward to receiving applications as well as exploring opportunities of working with other stakeholders to enhance socio-economic growth and development in Kenya,” said Adesanya.

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The Programme is a strategic partnership involving Sahara Foundation, Ford Foundation, LEAP Africa and Impact Investors Foundation leveraging on strengths of the various partners.

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Sahara Foundation has implemented various projects across its locations in Africa, Europe, Asia and the Middle East, impacting the lives of over 2,000,000 beneficiaries, with youth accounting for over 50% of the beneficiaries.

According to the firm, Sahara Impact Fund and Governance Unusual programme will reinforce ongoing conversations on boosting entrepreneurial capacity and individual responsibility.

Applications for the SIF are open from 29th September 2020 to 30th October 2020.

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Asharami Synergy has since supplied 1.13 million litres of petroleum products to Kenya while it continues to explore a series of new projects to accelerate economic productivity in the East African nation.

“In addition to providing top quality petroleum products with a distinctive mark of safety, reliability, service excellence and professionalism, we are ramping up our operations to enhance the government’s policies geared towards deepening the capacity of the oil and gas sector to drive economic growth and development in Kenya,” Adesayna added.

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