Energise Africa hits £5 million milestone
Posted on 04/09/2018 14:55:37
Energise Africa hits £5 million milestone

Energise Africa has successfully raised more than £5 million through its projects supporting solar energy access across sub-Saharan Africa.
Launched in
October 2017 and supported by both UK Aid and Virgin Unite, Energise Africa
connects retail investors in the UK with pioneering businesses that install
life changing solar systems in homes and businesses in sub-Saharan Africa.
To date,
more than 1,000 investors have been connected to 40 projects with more than
180,000 people now able to access affordable solar energy in Uganda, Kenya,
Mozambique, Tanzania, Rwanda, Burkina Faso, DR Congo, Cameroon and Senegal.
Currently
600 million people in Sub-Saharan Africa do not have access to electricity,
which limits their life chances. Energise Africa’s solar businesses are
bringing affordable, clean energy and potential economic opportunity to tens of
thousands of families.
Lisa Ashford, Managing Director,
Lendahand Ethex Ltd says: “We are delighted to reach today’s
milestone. There is a growing demand for transparent, social and simple
products. What’s particularly satisfying is the ability of ordinary UK
investors to see the impact of their investment. We hope to build on this to
help even more families in Africa and expand the reach of positive investment
products in the UK.”
Eligible investors
can also benefit from tax free returns by holding their Energise Africa solar
investments within an Innovative Finance ISA. Investors can deposit a minimum
of £50 in different projects and can choose the location and term of their
investment over typically two to three years and targeting potential returns of
up to 6% per annum.
Over a one
to two-year period, African households can make regular monthly payments after
which they own the solar home systems outright and are then able to realise
further valuable cost savings.
Additionally,
Energise Africa’s portfolio impact tracking tool enables investors in all of
the Energise Africa solar businesses to see detailed social, environmental and
financial impact updates once repayments begin six months into their
investment.
Customers
logging into the website will see firsthand detailed maps showing where the
solar systems have been installed, the number of households and people that
have benefited as well as the extra hours of light and CO2 emissions reduced.
Investing in Energise Africa
projects via the Lendahand.co.uk
site involves risk, including the loss of all of your invested capital,
illiquidity (the inability to sell assets quickly or without substantial loss
in value), and it should be done only as part of a diversified portfolio.
The investment opportunities on Lendahand.co.uk
are not an offer to the public in any jurisdiction and are available only to
registered members of the platform who have certified that they are eligible to
invest. Any person who is not resident in the United Kingdom who wishes to view
these investment opportunities must first satisfy themselves that they are
eligible to do so under the securities laws and regulations applicable to them.
This site does not constitute an offer of, or the solicitation of an offer to
buy or subscribe for, any securities to any person in any jurisdiction to whom
or in which such offer or solicitation would be unlawful.
In respect of its regulated
activities, Lendahand Ethex Ltd is an appointed representative of Share In
Limited, which is authorised and regulated by the Financial Conduct Authority
(FRN 603332).