Clean electricity for households and businesses70 households, 1 school, 1 clinic, and 1 place of worship will get electricity from a new solar powered micro-grid in their village.
Your money will deliver a new solar-powered micro-gridThe village of Sare Demba Toro in The Gambia has been picked for this project because it currently has no electricity access.
Invest in the solar electrification of Sare Demba Toro
Sare Demba Toro is a village in The Gambia that currently has no access to electricity. The UN Development Program (UNDP) is funding the creation of a solar powered micro-grid for Sare Demba Toro that will supply electricity to 70 households, one school, one clinic, and one place of worship. Aptech Africa will use your investment to procure, install and deliver the completed solar powered micro-grid system for the UNDP, who will pay on completion.
The system includes a solar photovoltaic array, battery storage, inverter and distribution line to households and other buildings. Small businesses in the village, which include maize milling, a bakery, a carpentry, 7 shops and a wedding venue, will also benefit from the availability of an electricity supply.
About Aptech Africa
Key product information
Issuer: Aptech Africa Ltd
Issuing Country: Uganda
Investment target: £345,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 12 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 monthly from 12 months onwards*
Financial instrument: Secured interest bearing bond
For the first 12 months after the Issue Date, a "Grace Period" applies during which no capital repayments occur. The first and only capital repayment will take place 12 months after the Issue Date.
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 a solar powered micro-grid to the village of Sare Demba Toro in The Gambia.
Aptech will install a 120 kWp solar photovoltaic array, with 167kWh lithium ion batteries, and a distribution line at Sare Demba Toro. The new micro-grid will supply electricity to 70 households, a school, a clinic, and a place of worship. It will enable people in the community to improve the services from small businesses, such as maize milling, a bakery, a carpentry, 7 shops and a wedding venue.
The company aims to raise £345,000 from this bond issue and will use the funds to deliver a solar powered micro-grid to an off-grid village in The Gambia.
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 clean, low carbon electricity to the village of Sare Demba Toro in The Gambia. Sare Demba Toro currently doesn't have an electricity supply.
The solar-powered micro-grid will supply households, businesses, a school, a clinic, and a place of worship.
Will have access to electricity
School and clinic
The local school, clinic and place of worship will be supplied by the new micro-grid.
People will have access to electricity to improve their small businesses, which include shops, milling and a bakery.
Electricity will be delivered by a solar-powered micro-grid system with low carbon emissions.
Battery storage capacity
Solar photovoltaic array