Omnicane has a 25% equity stake in Kwale International Sugar Company Limited near Mombasa in Kenya, with an option to increase its participation to 50%. Omnicane will operate and manage the complex which will produce ethanol, electricity and cane sugar, on the lines of what it does in Mauritius.
Yet it may not suﬃce to drive the necessary transition to net-zero on its own – the high speed required to limit global warming to the Paris targets may necessitate additional measures. [4] The ﬁnancial system has a pivotal role to play in this regard, as it will have to channel trillions of dollars or euros into private investments needed to transform the economy.