Africa | December 7, 2020

Secha Capital invests in a pair of green businesses in South Africa

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 7 — The Johannesburg-based impact investing firm made the first investments from its planned $30 million fund in green energy startup iG3N and Cultura Fresh, a hydroponic farm.

iG3N makes battery energy storage systems for residential, commercial and industrial and grid-scale projects in southern Africa. Cultura Fresh recycles water to produce iceberg lettuce year-round. 

Secha operates as a holding company that takes equity stakes and active operating roles in its portfolio companies. Secha’s investments were led by Yusuf Shaikh, Seema Lalloo and Khule Mnisi (see, Agents’ of Impact: Wukina’s Maureen Sibanda and Secha Capital’s Kuhle Mnisi”).