Aptech Africa Issue 1: 5% Bond
50,000 market vendors will benefit
Reliable solar-powered electricity will allow vendors to operate safely for longer hours
600 solar powered lights
The money raised will enable Aptech Africa to deliver the solar electrification of Owino Market
Light up Owino Market in Kampala
Aptech Africa are installing solar power stations with battery storage to provide lighting and phone charging at Kampala's largest market.
This project will bring clean, reliable electricity to Owino market and its 50,000 vendors, allowing them to operate safely for longer hours. This project is funded by the UN Development Program and managed by Kampala Capital City Authority.
At 4 months, this bond is the shortest term we have offered to date.
About Aptech Africa
Key product information
Issuer: Aptech Africa Ltd
Issuing Country: Uganda
Investment target: £170,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 4 months
Expected interest rate: 5% per annum
Withholding tax rate: 15% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: 4 months
Capital repayment: 4 months
Financial instrument: Secured interest bearing bond
Security: Secured (For more information regarding security, see Page 5 of the Offer Document)
This is a bond issued by a single company (rather than a saving product) and therefore it is recommended that you are careful with the amount you invest.
You must read the offer document (provided below) where a statement of risks is presented, particularly in section 5 – Risk Analysis Overview
See what Aptech Africa do
Aptech Africa are one of the pioneering companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex.
What the project investment will enable
Money invested in this project will enable Aptech Africa to bring solar power and lighting to Owino market.
Aptech will install 5 individual solar stations distributed around the market. Each solar station will have a 14 kWp solar system, battery storage and smart hybrid inverters. Aptech is installing 400 floodlights in the sales areas, 9 double-armed solar street lights in the loading areas, and 203 lighting points on the walkways and the market perimeter. The solar stations will also provide phone charging points to allow vendors to stay online. The whole system will be connected to the utility grid for backup power.
The company aims to raise £170,000 from this bond issue and will use the funds to deliver the solar electrification of Owino Market.
Aptech Africa Ltd is a solar energy and water pump specialist, delivering systems from assessment and design, through supply and installation, to after sales support. They work with UN Agencies, NGOs, commercial and individual clients. Aptech Africa are based in Uganda and are active in Uganda, South Sudan, Central African Republic, Eritrea, Liberia, Sierra Leone, Democratic Republic of Congo, and Niger.
Social and environmental impact
Owino Market is the largest market in Kampala with over 50,000 vendors. This project will bring reliable, clean electricity to Owino Market allowing the vendors to operate safely for longer hours.
The UN Development Program is funding the solarisation of Owino Market which addresses the UN Sustainable Development Goals of No Poverty, and Decent Work and Economic Growth.
of Owino market's vendors are women
customers visit the market daily
solar stations will provide phone charging points to allow market vendors to stay online
By providing solar powered electrification, this project delivers positive social and economic impacts whilst delivering UN Sustainable Development Goals of Climate Action and Affordable and Clean Energy
vendors will benefit from solar powered lighting and phone charging
solar powered lights will light the sales areas and walkways
5 x 14 kWp
solar stations with battery storage will power the market