BIX invests in Impact Water LLC in Africa
Recently BIX Capital invested in Impact Water LLC, a US based company selling water purification systems through its subsidiaries in Nigeria, Kenya, and Uganda. Access to clean drinking water is a critical issue across sub-Saharan Africa. Impact Water is dedicated to tackling this issue by scaling safe drinking water solutions in developing countries. The company sells, installs and maintains environmentally-friendly UV-based and chlorine-dispensing based water purification systems to schools. This helps schools to limit waterborne diseases among children (reducing the number of sick days per year), while avoiding burning firewood for boiling water and therefore offsetting CO2 emissions.