Mirova invests USD19 million in Cold Solutions Kiambu to support the development of sustainable agri-solar logistics in Kenya
ARE Member Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces a USD19 million investment in Cold Solutions Kiambu, a leading provider of temperature-controlled warehouse and logistics services in Kenya. This financing will enhance energy-efficient refrigeration and support food security and food loss and waste reduction efforts in the region. The partnership with Mirova Gigaton Fund allows Cold Solutions Kiambu to continue ramping up operations of this flagship infrastructure initiatives, reinforcing sustainable practices in cold chain logistics.
Cold Solutions Kiambu (SEZ) Limited enhances Kenya’s logistics capabilities by focusing on energy-efficient refrigeration systems that directly impact both the agricultural and pharmaceutical sectors. Supported by the investment from the Mirova Gigaton Fund, Cold Solutions Kiambu’s infrastructure incorporates its operations with a rooftop solar system that covers approximately 30% of the facility’s energy requirements and the use of ammonia refrigerants that pose no threat to global warming. This flagship Agri-solar logistics project sets a global benchmark for energy-smart warehousing, reducing post-harvest losses and strengthening climate-resilient food systems. This commitment to sustainability will also optimise Cold Solutions Kiambu’s operational efficiency.
This company’s flagship cold chain infrastructure project is crucial for minimising food waste and ensuring pharmaceutical integrity. By operating its storage capacity that is approximately 15,000 pallet positions in Tatu City, Cold Solutions Kiambu is tackling spoilage effectively, enhancing client incomes and supporting regional economic development. This strategic approach not only addresses immediate logistical challenges but positions Cold Solutions Kiambu as a key player in promoting food security and economic resilience in Kenya.
This investment from Mirova will contribute actively to the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 2 (Zero Hunger), SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action). In this way, Cold Solutions not only fulfills its operational capacity but also reaffirms Mirova’s dedication to impactful investments in emerging markets.
“This financing exemplifies how the Mirova Gigaton Fund aims to accelerate transformative climate solutions in emerging markets. By backing Cold Solutions Kiambu, we’re scaling clean-powered, climate-aligned, and operationally resilient cold chain infrastructure, critical for food security and health systems across East Africa.” confirms John Kimotho, Investment Director, Mirova Kenya.
“Our partnership with Mirova underscores our commitment to working with like-minded investors to reduce food loss and strengthen food systems, and, vaccine efficacy across East Africa — all in a sustainable, energy-efficient manner.” says Suki Muia, Investment Director, ARCH Emerging Markets Partners Limited.