Swedish-Kenyan Wins Prize For Kenyan Biofuel Business
(Ventures-Africa) A 32-year-old Swedish-Kenyan has won the European-African Entrepreneurship Award for a proposal to covert used cooking oils, widely used in the restaurant industry, into biodiesel.
The awards were held in The Hague in the Netherlands, with nine African-European entrepreneurs pitching their ideas for a business that could be adapted in the country of their origin.
Evans Kamau eventually emerged as the winner. A computer engineer who runs a lucrative taxi business in Stockholm, his sustainable concept would provide an alternative fuel source for the non-petroleum-producing Kenya, which currently relies heavily on imports. Cooking oils and other oil sources can be found in Kenya in large quantities , while research conducted by Kamau last year found that the transport industry yearns for cheaper and more efficient fuels. With diesel costs becoming uneconomical, the costs of running vehicles in most companies was quoted as between 30 percent and 50 percent of total company costs. READ MORE