Inqo is an impact investment company investing in businesses that tackle poverty and the social needs of the poor. We believe that enterprise is the best way to tackle poverty through creating sustainable employment that empowers the poor and transforms communities. Whilst aid and philanthropy will always have a role in humanitarian crises, we believe that sustainable transformation of low income countries can only be achieved through economic development.
As a social venture investment company, Inqo invests in businesses that create jobs, provide services and products for the poor as well as tackle environmental issues. We invest in small medium size enterprises (SMEs) that are scalable and have potential for growth and asset appreciation. In addition to the financial returns, each investment will be monitored for their measurable social and environmental impact. Our primary investment focus is Sub-Saharan Africa.
Inqo was incorporated in the Republic of South Africa on the 9th of December 1998.
Kuzuko Lodge, a five star, luxury resort based in the spectacular Eastern Cape Province which combines job creation, conservation and transformation. The Kuzuko Game Reserve is located in the Addo Elephant National Park and offers the “Big 5” in a Malaria free area.
Re-forestation of 14,000 acres with the indigenous spekboom plant in the Eastern Cape, South Africa. This project will restore degraded land, create 150+ jobs and has been approved for carbon trading under a CCBA Standard Gold Level as well as a Voluntary Carbon Scheme (VCS) .
Bee Sweet Honey Lt. (Zambia)
Bee Sweet Honey is a commercial producer of organic honey using a large network of small farmers in the Miombo region of Northern Zambia. It produces, supplies and leases flat-packed beehives from its factory to small farmers who hang them on trees on their land or in nearby forests providing them with a secondary source of income. Bee Sweet Honey currently has 60,000 beehives with 12,000 farmers producing 210 metric tons of honey a year. Around 150 new beehives are currently constructed per day and placed with farmers.
Mazima Retirement Plan (Uganda)
The Mazima Retirement Plan is a voluntary retirement savings scheme for low income earners in the informal sector of the economy in Uganda. It is regulated by the Uganda Retirements Benefits Regulatory Authority (URBRA). Under the Mazima scheme, saving is flexible – the minimum is ~US$0.60 with no regular savings required by informal workers. Savers choose when and how much to save. By aggregating the small savings, Mazima will be able to get the higher Fixed Deposit (FD) rates that would not be available to the small savers. Savers register online and pay through mobile banking or e-banking through the bank. No cash is used. Each saver has his/her own account managed by the custodian bank, Housing Finance Bank. The investments are managed by AA Financial, a regulated advisor with Four One Financial Services as the administrator.
South Lake Medical Centre (Kenya)
South Lake Medical Centre (SLMC) is a 27 bed hospital in the Naivasha region of Kenya offering quality medical services at affordable prices. The region’s main economic activity revolves around the cut flower, fruit and vegetable farms with around 50,000 low income workers and their families within the area. SLMC offers a range of services currently lacking in the region including consultations, pharmacy, lab tests, minor surgery, major surgery and dental services. SLMC currently sees 64,000 patient visits per annum. This capacity will treble following the latest round of investment. Patients are able to access medical care at SLMC through the National Health Insurance Fund, corporate insurance or affordable cash payments.
Kentegra Biotechnology LLC (Kenya)
Kentegra Biotechnology Holdings LLC is a Kenyan based biotechnology company producing the organic insecticide pyrethrum, a natural active ingredient from the chrysanthemum flower. Kentegra utilise an out-grower model; contracted farmers are supplied with seedlings that once established can be harvested every two weeks for nine months of the year, Kentegra then purchases the dried flowers from farmers before processing them to produce pyrethrum. Kentegra’s farmers earn four times more per acre growing pyrethrum than any other crop – a potentially life changing increase in income. Kentegra currently have 3,000 farmers contracted with the aim to reach ten times this number.