Kentegra Biotechnology Holdings LLC
Region and country of operations: Africa, Kenya
Jurisdiction of registration: USA
Business sector: Agriculture
Date of agreement (month/year): 10/2022
Finnfund’s financing: USD 5,000,000
Share of Finnfund’s financing: 33%
Size of project/financing: USD 15,000,000
Environmental and social category: B+
Kentegra Biotechnology produces Pale Refined Extract from the pyrethrum flower sourced from smallholders in Kenya. The extract is used as a 100% natural ingredient in manufacturing insecticides, pesticides, and other agricultural and household formulations.
Finnfund is investing USD 5 million in equity to support building a new processing facility in Kenya to expand the production capacity.
Main development impact
The project greatly impacts smallholder farmer livelihood as growing pyrethrum provides farmers with a steady income of over four times more than from alternative crops, as well as timely payments throughout the year.
The end product provides a healthier and environmentally friendly alternative to current synthetic versions of active ingredients in pesticides, creating an unusually attractive market opportunity as there is a global movement away from synthetic pesticides.
Kentegra is a 2X classified project and is considered a climate change adaptation project at the company and society/system levels due to introducing more climate-smart farming practices.
Last modified: March 2023