In 2014, KEEPS secured its first investment through Shuraako, marking a turning point for the company. This financial boost allowed KEEPS to procure heavy equipment and transportation, significantly enhancing its municipal solid waste services.
The success of this initial investment paved the way for further growth. In 2019, having successfully repaid its first loan, KEEPS secured additional financing from the Nordic Horn of Africa Opportunities Fund. This new influx of capital enabled the company to expand its construction services capacity and purchase additional heavy equipment.
Expanding Services, Creating Impact
With these investments, KEEPS has been able to deploy two additional fleets of heavy machinery. This expansion has dramatically increased the company's capacity for garbage collection, water development, and disposal services.
The impact of KEEPS's growth extends far beyond waste management:
- Improved sanitation in public spaces
- Increased access to safe drinking water
- Local job creation, with over half of permanent positions held by women
- Competitive compensation for employees
KEEPS's story is a testament to the potential for innovative, locally-driven solutions to address critical challenges in Somaliland and Somalia.
The Broader Context: Sanitation in Somaliland
While KEEPS has made significant strides, the sanitation landscape in Somaliland remains challenging but there’s also a lot of room for growth. Some facts about the industry include:
- Limited infrastructure: Many areas still lack proper waste management facilities and systems.
- Growing urban populations: Rapid urbanization is putting increased pressure on existing sanitation services.
- Environmental concerns: Improper waste disposal poses significant risks to both human health and the environment.
- Economic opportunities: The sanitation sector represents a potential source of employment and economic growth.
As companies like KEEPS continue to innovate and expand, there is hope for significant improvements in sanitation across the region. Their success demonstrates the vital role that private enterprises can play in addressing public health challenges and fostering sustainable development.
