Up to 60 litres of diesel saved per dayNew solar PV systems will allow Kiboga and Migiina Dairies to greatly reduce their diesel costs and emissions.
Clean power for dairy co-operativesReliable, lower cost chilling of milk will improve farmers' profit margins through reduced fuel and maintenance costs, and consistent product quality to attract the highest prices.
Solar Power for Co-operative Dairies in rural Uganda
Aptech Africa are installing solar power systems with battery storage to deliver reliable electricity to two Dairy Co-ops in Migiina and Kiboga, Uganda. The Migiina system will be 40.5 kWp capacity and the Kiboga system capacity is 38.9 kWp. Expected generation is 60,000 kWh per year for each site.
This project has been commissioned by not-for-profit Heifer International who have a mission to end hunger and poverty in a sustainable way by supporting and investing alongside local farmers and their communities.
Your investment will fund Aptech Africa to construct and deliver the solar power systems for Heifer International, who will pay on completion.
About Aptech Africa
Key product information
Issuer: Aptech Africa Ltd
Issuing Country: Uganda
Investment target: £130,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 6 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: 6 months
Capital repayment: 6 months
Financial instrument: Secured interest bearing bond
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 deliver solar power systems with battery backup to Kiboga and Migiina dairies in Uganda.
Aptech will install a 40.5 kWp solar PV system at Migiina Dairy and a 38.88 kWp system at Kiboga. These will replace diesel generators as the primary source of electricity for milk chilling and other power needs at the co-operative dairies. The diesel generators will remain, but only for backup, so greatly reducing emissions and fuel costs. The expected annual energy generation is 120,000 kWh. Up to 60 litres a day of diesel fuel use will be avoided.
The company aims to raise £130,000 from this bond issue and will use the funds to deliver solar power systems for two dairy co-ops in rural Uganda.
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, the Republic of Congo, and Niger.
Social and environmental impact
This project will deliver new solar power systems to two dairy co-operatives in Uganda, providing cost-effective, clean energy that supports livelihoods.
Kiboga and Migiina dairies are supplied by 460 local farmers, and provides farmers with improved income by chilling the milk and selling it on to buyers like the Jesa dairy product industry in the region.
460 dairy farmers
Save fuel costs and improve their profit margins
The major economic activity in the area is farming and mainly cattle keeping.
Good quality milk is purchased at higher prices by the buyers
The solar power systems will replace up to 60 litres of diesel fuel use in generators each day. Generators will only be used as backup, after solar and the solar system battery back up.
Diesel use avoided per day when replaced by solar
Solar capacity at Kiboga and Migiina combined
Expected annual generation