2 communitiesTwo new mini grids will provide energy to Androka and Manatenina, two off-grid, rural communities in Madagascar.
Your money will build mini grids in MadagascarThis is the second of two raises that will help Aptech Africa to build two mini grids with solar generation on behalf of the UNDP.
Invest in Energy Access and Solar Power in Madagascar
Only 33.7% of the population in Madagascar has access to electricity, compared with an average of 48.4% or people in Sub-Saharan Africa as a whole.
You can help Aptech Africa to build two new mini grids that will supply people in Androka and Manatenina, two rural municipalities in Madagascar, in a project for the United Nations Development Programme (UNDP).
About Aptech Africa
Key product information
Issuer: Aptech Africa Ltd
Issuing Country: Uganda
Investment target: £320,000
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 monthly
Capital repayment: 6 monthly
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 build two solar powered mini grids in Madagascar. This is the second of two offers on Energise Africa that will raise funds to carry out the Madagascar mini grids project.
In Androka, in southern Madagascar, Aptech Africa will build a mini grid including a 65 kWp solar photovoltaic array, 129 kWh of battery storage and a 60 kVA diesel generator. In Manatenina, in south-eastern Madagascar, Aptech Africa will build a mini grid that includes an 82 kWp photovoltaic array, 191 kWh of battery storage and a 40 kVA diesel generator. Aptech Africa will also be providing training, maintenance and spare parts after the mini grids are built.
The company aims to raise £320,000 from this bond issue and will use these funds to build two mini grids including solar power to two rural communities in Madagascar. This is the second of two similar sized raises on Energise Africa that Aptech Africa will use to help them to build these two new mini grids. Aptech Africa's customer for the Madagascar mini grids project is the United Nations Development Programme (UNDP).
Aptech Africa Ltd is a solar energy 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.
Social and environmental impact
This is the second of two raises that will help Aptech Africa to build two mini grids which will provide electricity to communities in Androka and Manatenina in Madagascar.
New mini grids will supply two off-grid communities with electricity, providing energy access.
Will have access to electricity
In Madagascar only an estimated 33.7% of the population has access to electricity.
People in Madagascar currently lack electricity access.
Electricity will be delivered by solar-hybrid mini grids, including new solar generation, battery storage and backup generators.
Solar power capacity in Androka
Battery storage across both mini grids
Solar power capacity in Manatenina