Munyax Eco: Story, Founders, Investors & Funding Rounds
Created in 2013, MUNYAX ECO is a Rwandan / Belgian company reconciling business and a clean environment.
MUNYAX ECO is working in solar energy as well as energy efficiency sectors by selling and installing environmentally friendly and high-quality equipment at very competitive prices.
Since 2014, MUNYAX ECO was selected by REG (through a tender from the Solar Rwanda Program) to be a certified supplier/installer of Solar Water Heaters. Hence MUNYAX ECO has successively installed more than 800 Solar Water Heating systems.
After 5 years of operation, MUNYAX ECO was recognized by the London Stock Exchange Group to be among « Africa’s fastest growing and arguably the most dynamic businesses » in its latest « Companies to Inspire Africa » report, released in January 2019.
Munyax Eco installs solar water heaters and has done so for more than 1,200 B2B and B2C clients. It also deals with photovoltaic off-grid systems and solar street lights.
Munyax Eco is providing a simple yet complex solution, “Save Money, Save Energy, Save the Planet”.
The company is working in the Solar energy and efficiency sectors, selling and installing environmentally friendly and high-quality equipment.
Nonetheless, it is a Rwanda-women-owned and led enterprise.
The company installs Solar water heaters and has so far done more than 800 B2B and B2C clients.
Also, deals in photovoltaic off-grid systems and solar streets. Munyax Eco was handed a Residential Project Award for its exceptional achievement in the field of solar water heaters.
Having installed more than 1,000 units across Rwanda, saving 8,000 tons of CO2 Per year.
How it Works
Solar Water Heaters
A solar water heater is one of the most effective ways of drastically reducing your electricity bills (up to 70% reduction) as well as your carbon footprint.
A solar water heater is one of the most effective ways of drastically reducing your electricity bills. It does up to 70% reduction as well as your carbon footprint.
- Solar Kits- A solar home system is a small stand-alone photovoltaic system that consists of;
- one or more PV modules
- a charge controller
- a battery
- cabling, and a load of DC appliances (lights, radio, television…).
Solar Panels and Related Materials
We also supply high-quality solar panels and every related material you could need.
Solar Panels and Related Materials
- Solar Hybrid Panels- The hybrid panel combines the abilities of a solar panel and an air heater. It can heat water for the household and produce electrical power at the same time.
- LED Lights- The light-emitting diode (LED) is today’s most energy-efficient and rapidly-developing lighting technology. LED lights are more durable and offer comparable or better light quality than other types of lighting.
- Back-Ups- An electrical backup system is composed of inverters and batteries which can provide power during electricity short-cuts.
Solar Hybrid Panels
The hybrid panel combines the abilities of a solar panel and an air heater. It can heat water for the household, and produce electrical power at the same time.
A solar home system is a small stand-alone photo-voltaic system that consists of one or more PV modules, a charge controller, a battery, cabling, and a load of DC appliances (lights, radio, television…) depending on its peak power.
The light-emitting diode (LED) is today’s most energy-efficient and rapidly-developing lighting technology.
LED lights are more durable and offer comparable or better light quality than other types of lighting.
An electrical backup system is composed of inverters and batteries which can provide power during electricity short-cuts.
- They provide a consultancy service where you can get in touch with them and they can tell you how much you would be saving by making use of their products.
- Long Warranty
- 4/8 Hours On-Site Installation
Francine Munyaneza is the CEO and the Founder at MunyaxEco.
Francine, a Rwandese national educated in finance and business management at one the finest Belgium universities – Universite Catholique de Louvain.
She is quietly but surely starting to impact the great lakes region with her clean renewable energy business and women empowerment agenda through the fight against climate change.
Beyond her academic qualification, her 20-plus years of “global and local” experience in the middle east; Europe, Africa, Asia, and the Americas working at senior management level with top north American corporations as well as leading humanitarian organizations (ICRC, MSF ) that uniquely equipped her to read and addresses situations where the Government, the private sector and the civil society have to coalesce seamlessly while keeping the collaborative outcome and approaches concrete and economically sustainable.
Leading by example, her company MUNYAX ECO is an African woman-led company that specializes in providing the continent with renewable energy products.
Thanks to her leadership, more than 3000 Solar thermal and PV systems (solar water heaters, Photovoltaic systems, solar mini-grids, solar cold rooms, and solar home systems…) have been deployed so far.
Through her leasing of solar equipment scheme, she intends to service communities sustainably to generate both social impact and women and youth empowerment.
Investors & Funding Rounds
Munyax Eco in Rwanda and WidEnergy in Zambia have received funding from Opes-LCEF, a female-focused impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.
The investment will be used to expand and scale the startup’s distribution network.
Open-LCEF manages 17 investments in 11 countries, seven of which are in East Africa, and has launched the Restart East Africa project to combat female underrepresentation in the renewable energy sector.
The Open-LCEF has invested in Munyax Eco and WidEnergy, with funding provided in the form of zero-interest loans.
Tencent Holdings: This Is a Chinese investment holding company whose subsidiaries provide media, entertainment, internet, and mobile phone value-added services and operates online advertising services in China.
Its offerings include products like QQ (QQ Instant Messenger), QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay.
Asana: It is a web and mobile application designed to help teams organize, track, and manage their work.
uBiome: This is a citizen science startup that sequences the human microbiome and allows the public access to sequencing technology.
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