| www.africabiofuel.com | bnaiman@africabiofuel.com | +255 713 273 507 |

“By 2020, Africa Biofuel will create employment opportunities for 1,000 permanent and 10,000 seasonal workers, as well as reducing CO2 emissions.” - Bright Naiman, Chief Engi-neer

Problem Statement:Tanzania’s government spends 35 - 40% of its foreign reserves to import fossil diesel fuel for transportation and power genera-tion. Biofuels offer potential as a replacement for diesel, but have to be commercially viable in the Tanzanian environment. Research by Dr. Lenard Milich, one of our founders, has demon-strated that the croton nut, when husked, crushed and filtered into pure plant oil and can be used in diesel generators.

Theory of Change:

By producing biofuel locally, the community earns extra income and Tanzania retains its foreign reserve which drives economic development.

“Green fuel” for growth

Headquarters: Dar es Salaam, Tanzania

Established: 2006

Impact Areas: Tanzania, Kenya

Type: For Profit

Sectors: Clean Tech & Energy

Staff Size: 8 and 4 volunteers

Annual Budget: $250,000

Major Funders: Eupborbus, The Wilma Group

Awards: World Bank Development Marketplace grant for $200,000 in 2008

Africa Biofuel and Emission Reduction - GSBI™ Class of 2010

PROVIDING GREEN ENERGY FROM LOCAL RESOURCES AND IMPROVING LIVELIHOODS IN

RURAL COMMUNITIES

Solution:

We are building a profitable African biofuel business based on the indigenous Croton Nut tree by planting 12 million trees on under-utilized land and turning the seeds into pure plant oil, which will replace more than 10% of the current Tanzanian diesel imports at a competitive price. In doing so, we will create a green fuel for a power hungry mining industry with an envi-ronmental public relations problem as well as creating more than 1,000 rural jobs and reducing CO2 emissions.

This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of Santa Clara University’s Center for Science, Technology and Society. Updated 8/26/2010. www.scu.edu/sts/gsbi

Investment Required:Equity investment of $5M to begin production. In 2012, a second round of $5MM will be required for expan-sion.

Projected Profits:

Projected Social Impacts:

(Millions

Growth Plan:2011: Planting 12 million tress in Kagera District2011: First processing plant operational2013: First harvest from planted trees2017: Positive cash flow

Impact to Date:• 1,000 liters of biofuel were tested in a commercial engine

with positive results• Application in process for planting sites

• Tree nursery established

Milestones Achieved:

2006: Company was registered in Tanzania

2008: Agreement with TANESCO for fuel purchase

2010: Environmental impact study began in Tanzania

2010: Memorandum of understanding and sister office in Kenya

| www.africabiofuel.com | bnaiman@africabiofuel.com | +255 713 273 507 |

The World Bank’s Development Marketplace chose Africa Biofuel as one of 22 projects selected for grants from 1,768 proposals on Sustainable Agriculture for Develop-ment because of its innovation, results, sustainability, growth potential and realism.

PROVIDING GREEN ENERGY FROM LOCAL RESOURCES AND IMPROVING LIVELIHOODS IN

RURAL COMMUNITIES