On 22 February 2019, only one month before the Nepal Investment Summit, Hon. Dr. Yuba Raj Khatiwada, Minister of Finance, addressed the Nepal Development Conference: Investment Opportuniti
Professional cyclist Bram Tankink, rider of Team LottoNL-Jumbo, will cycle to an altitude of 5.400 meters in Nepal’s famous Annapurna Range in November to promote solar energy. Sporty impact investors will join Tankink on his mountainbike quest. Upon return to Kathmandu a new solar energy investment fund will be launched in cooperation with One to Watch.
Bram Tankink sees a great future for solar energy. Back in 2011 Tankink already installed solar panels on the roof of his house. “When I started to look into solar energy I realized there was a lot of skepticism around it. However, I found out that the sector was booming and various technologies developed rapidly. The investment opportunity was clear to me. I have even convinced a number of team mates to invest in solar panels as well. They are really happy with it.”
As the end of his career as a professional cyclist is coming closer, Tankink (38) looks forward to start a new career as a professional investor. More specifically, as an impact investor. “I have been interested in investing on the stock market since my teenage years. In recent years I have become more aware of the opportunities and the need for investing in clean energy. Almost all professional cyclists develop exercise-induced asthma over time, me too. This is enhanced by air pollution in urban areas. It made me realize that we need to invest in clean energy and electric vehicles. I really admire Elon Musk for pushing this agenda with Tesla. And I want to contribute to this change as well.”
“We need to invest in clean energy and electric vehicles and I want to contribute to this change as well.” - Bram Tankink
Together with Amsterdam-based asset management firm OHV, Tankink explored the possibilities to set up an investment fund for renewable energy and electric mobility in the Netherlands. “This has not materialized yet, but we are still discussing it. I have learned a lot from them.” Via Harold Knebel, Tankink’s former boss at Team Rabobank, the professional cyclist got in touch with One to Watch. “Edmond Hilhorst told me about the investment in Nepalese solar company Gham Power and a little later, One to Watch founder Willem Grimminck triggered me by pointing at the great mountainbike opportunities in Nepal. Soon after, the plan for Tankelektrik was born.”
Tankelectrik, as the mountainbike challenge in November has been dubbed, will highlight the sporty launch of the solar energy investment fund by One to Watch. As captain of a team of around twenty impact investors, Tankink will ride his mountainbike from 800 meters above sea level over a mountain pass at 5400 meters before descending again to 800 meters. The cyclists will stay in villages along the route that are currently dependent on diesel for electricity. The objective of the fund is to invest in the construction and operation of micro-grids powered by solar energy in these villages. The micro-grids will be set up in cooperation with Gham Power. Tankink: “One to Watch will manage the investments in Nepal and I will play an active role by promoting the fund in the Netherlands. In the near future, I plan to go back to university and obtain a proper degree for asset management. My next career is in impact investing.”
Do you want to join Bram Tankink’s epic bike challenge in Nepal? There are a few spots left for impact investors! More information: email@example.com
es in Nepal, urging international investors to consider Nepal as an investment destination. The conference, hosted at the Embassy of Nepal in London, was jointly organized by the Embassy of Nepal and One to Watch, and saw participation from various stakeholders. Speakers and attendees included representatives of the Governments of Nepal and the UK, institutional and individual investors, development agencies, ecosystem builders, and most notably a pool of non-residential Nepalis based in the UK.
Speaking at the inauguration, Hon. Dr. Khatiwada assured the audience of the Nepali government’s commitment to make Nepal investment friendly. He urged investors from the UK and Europe to join the Nepal Investment Summit, on 29 and 30 March in Kathmandu, which is expected to host over 600 delegates from 38 countries. Similarly, H.E. Dr. Durga Bahadur Subedi, Ambassador of Nepal to the UK, further elaborated on the government’s policies for making Nepal investment friendly. “We have been introducing liberal economic policies to facilitate trade and investment in Nepal by reducing tariffs, simplifying tax regimes and focusing on the development and operation of trade-related infrastructure”, mentioned Ambassador Subedi. At the same session Graham Wrigley, Chairman of CDC Group discussed the importance of FDIs in materializing Nepal’s opportunities and potential, while at a later session CDC’s Pierre van Hoeylandt, discussed their recent investment in a bank in Nepal. The value of international trade and investments was highlighted by Andrew McCoubrey, Head of Trade for Development, Department for International Development (DFID) and Rt. Hon. Lord Sheikh, Member of Parliament, Vice-Chair to the All Party Parliamentary Group on Nepal, in their respective addresses.
A panel discussion on ‘Doing Business in Nepal’ was moderated by Suman Joshi, Managing Director at One to Watch. The panelists included Pierre van Hoeylandt from CDC Group, Tim Grocher from Dolma Impact Fund, Kul Acharya- Vice President of NRNA ICC, and Rajen Kandel from Kandel Group. The panelists consisted of a spectrum of investors: from an institutional investor– CDC group, to an impact fund – Dolma Impact Fund, to a business group investing in Nepal – Kandel Group. Each of them shared their experience and outlook on doing business in Nepal. During the discussion Kul Acharya shed light on the facilitative role of the Non Residential Nepali Association. The panel discussion was summarized by Rurik Marsden, Head of DFID Nepal, where he also mentioned the strong partnership between the UK and Nepal in terms of access to finance, skills development etc. DFID has been an important partner for entrepreneurial ecosystem development and investment promotion in Nepal.
The last part of the conference included the Demo Day of One to Watch’s flagship business accelerator program – Enterprise, where ten promising companies pitched their businesses to the audience. These companies were AeroRoots, Burger Shack, Green Road Waste Management, Hajuri Khadya Udhyog, Helmets Nepal, Leaf Plus, NoChini, Onion Films, Seedland Nepal, and, The Mint Studio.
At the event, One to Watch’s Managing Director Willem Grimminck discussed growth opportunities in Nepal, zooming in on the Small and Medium Enterprises. “SMEs can be the engines of economic development”, and there is a large unrealized potential when it comes to enabling their growth in Nepal. Access to finance is a huge challenge for these SMEs; however, with the right investments Nepali entrepreneurs are able to create three times the social return. Nepal is a ‘Country to Watch’ in many respects, including its economic growth potential owing to its ‘Entrepreneurs to Watch’ – the extraordinary individuals who understand the society and are able to innovate and act to help people and the economy grow.