GreenTec Capital has invested in PEBL, Namibian based custom computer maker to support Africa’s growing IT needs.
PEBL is a startup based in Namibia’s capital city which offers a simple programming language tailor-made for creating and conducting many standard experiments. It is free software, licensed under the GPL, with both the compiled executables and source code available without charge.
GreenTec Capital Partners invests in African start-ups and SMEs with a focus on combining social and environmental impact with financial success.
TGA reported that GreenTec Capital invested an undisclosed amount in Nigeria’s on-demand logistics start-up, Parcel-it.
PEBL is partly manufactured in Namibia and the company is transitioning to moving all production processes to Namibia, with their local assembly line set to be operational mid-2019.
So far, Greentec Capital has invested in Kenyan insurtech startup, Bismart earlier this year. The investment firm has also supported FarmCrowdy (Nigeria), ARED (Rwanda) and AgroCenta (Ghana) in the past.
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