EMF supported Safi Sana in 2016 in developing an investment memorandum. EMF has been supporting Safi Sana for many years, in Accra the first waste treatment plant is operating and recently Safi Sana closed a contract with the Ministry of Energy top deliver electricity to the grid.
Safi Sana Holding is a social enterprise that was founded in 2010 with the Foundation as owner and mission ‘supervisor’. Ghana Ltd (SSGL) as a 100% owned local subsidiary for project execution and operations. The Foundation and Holding are based in The Netherlands.
Safi Sana operates on a not for profit not for loss basis. Safi Sana manages projects that design, build and transfer Safi Sana plants to operators. After transferin g te plant Safi Sana monitors closely performance.
Safi Sana plants treat and recycle organic waste (pee, poo and waste from food) and produces energy (biogas and electricity), and compost plus seedlings for the agriculture sector. Safi Sana plants sell these products currently to the state owned energy companies and farmers in Ghana. Waste becomes a valuable resource, selling products out of waste generates revenue for Safin Sana plants covering the operational costs.
Social impact investing is on the rim to become main streamed, this will take another 3-5 years, but the trend is clear: more and more high net worth individuals prefer to invest instead of donate, taking a more business wise approach. Investing in Micro Finance Institutions (MFI) is a clear example impact investing pays off, from a financial point of view. However the social and environmental impact of commercial operating MFIs' is not a given fact of their business. Most of these institutes realize they have to improve, so why don't MFIs' invest in water and sanitation?More »