Nairobi, Kenya & Dar Es Salaam, Tanzania & Dubai, UAE – Aug 16, 2025

Eshcol Energy Solutions Ltd, a leading integrated energy infrastructure supplier in East Africa, today announced a strategic partnership with FasterCapital through its LaunchUp program. This collaboration aims to accelerate Eshcol’s market expansion across Kenya, Tanzania, and the broader African continent by leveraging FasterCapital’s global startup acceleration expertise and investment network. The partnership will enable Eshcol to scale its innovative energy solutions, enhance operational excellence, and secure critical growth capital.

Market Opportunity & Problem Statement
Africa’s energy sector is undergoing rapid transformation driven by rising demand, infrastructure gaps, and the urgent need for cleaner, cost-effective energy solutions. The East African energy market alone is projected to grow at a CAGR of over 6% through 2030, fueled by industrialization, urbanization, and government initiatives promoting energy access and sustainability. However, inefficiencies in fuel supply chains, limited infrastructure development, and fragmented service offerings remain significant challenges. Eshcol Energy Solutions addresses these pain points by providing integrated bulk fuel exportation, transportation, and depot development services tailored to diverse sectors including mining, agriculture, and government institutions—positioning itself in a white space with strong growth potential.

Startup Solution & Differentiation
Eshcol Energy Solutions offers a comprehensive suite of energy infrastructure services, including bulk fuel supply, transportation, and fuel depot construction, supported by a robust pan-African network spanning Kenya, Tanzania, Uganda, Ethiopia, Zambia, DRC, and Rwanda. The company’s value proposition centers on operational excellence, safety compliance, and environmental stewardship, distinguishing it from competitors through its strategic partnerships and experienced leadership team. With a proven track record of delivering reliable petroleum products such as diesel, petrol, LPG, and industrial gases, Eshcol has built strong client relationships across commercial transport, manufacturing, and civil engineering sectors. Early traction includes multiple cross-border contracts and a growing footprint in critical energy supply chains, underpinned by a commitment to innovation and stakeholder trust.

FasterCapital Partnership Value
Through the LaunchUp program, Eshcol Energy Solutions gains access to FasterCapital’s global acceleration resources, including strategic mentorship, technical advisory, and capital-raising support tailored to the energy sector’s unique challenges. FasterCapital’s rigorous selection process, which prioritizes startups with scalable business models and strong market fit, validates Eshcol’s potential as a high-impact energy infrastructure player. The partnership is designed to fast-track Eshcol’s operational scaling and investor readiness over the next 12 months, enabling the company to leverage FasterCapital’s extensive network of investors and industry experts. This collaboration aligns with FasterCapital’s mission to empower innovative startups driving sustainable development in emerging markets.

Executive Quotes

Hesham Zreik, Founder & CEO of FasterCapital:
“Eshcol Energy Solutions exemplifies the kind of visionary enterprise we seek to empower through our LaunchUp program. Their integrated approach to energy infrastructure addresses critical gaps in Africa’s energy landscape, combining operational expertise with a strong commitment to sustainability. We are excited to support Eshcol’s journey towards becoming a market leader, providing the strategic guidance and capital access necessary to accelerate their impact across East Africa and beyond.”

Victor Olukwo Wakhungu, Managing Director of Eshcol Energy Solutions:
“Our partnership with FasterCapital marks a pivotal milestone in Eshcol’s growth story. By joining the LaunchUp program, we gain not only vital funding but also access to a global ecosystem of mentors and investors who understand the complexities of the energy sector. This collaboration empowers us to scale our operations, innovate further, and deliver reliable, affordable energy solutions that drive industrial growth and community development across Africa.”

Growth Trajectory & Future Plans
In the coming year, Eshcol Energy Solutions plans to expand its fuel depot infrastructure and bulk transportation services across Kenya and Tanzania, targeting increased penetration in mining, agriculture, and government sectors. The company aims to leverage FasterCapital’s support to enhance digital operational platforms and optimize supply chain logistics. With a capital raise target of $3 million USD underway, Eshcol is positioned to accelerate project execution, scale its workforce, and deepen strategic partnerships. Long-term, the company envisions becoming Africa’s largest integrated energy infrastructure supplier, championing sustainable energy access and innovation continent-wide.

About Eshcol Energy Solutions Limited
Founded by Victor Olukwo Wakhungu, Eshcol Energy Solutions Limited is a Kenya and Tanzania-based energy infrastructure company focused on delivering integrated bulk fuel supply, transportation, and depot development services across East and Central Africa. Driven by a mission to facilitate industrial growth and environmental safety, Eshcol partners with leading oil refineries and energy stakeholders to provide reliable, cost-effective solutions tailored to diverse sectors including mining, agriculture, and government institutions. 

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm dedicated to empowering early-stage technology companies through capital investment, mentorship, and strategic growth programs. Its LaunchUp program focuses on identifying and accelerating high-potential startups in emerging markets, providing them with tailored resources to scale rapidly and attract global investors. With a proven track record of successful portfolio companies, FasterCapital bridges the gap between innovative entrepreneurs and market opportunities worldwide.