Track record of our investments
Here is an overview of Energise Africa's investment portfolio as of 1st July 2022.
Please note that this page is updated on a quarterly basis.
Partner Borrowing History
| Business | Country | Active since | Number of campaigns | Total borrowing to date |
|---|---|---|---|---|
Altech Group SARL | DRC | Mar 2021 | 6 | £2,500,000 |
Azuri Luminosa Ltd. | UK | Oct 2019 | 11 | £3,450,000 |
Azuri Tech SSPV1 Ltd. | UK | Aug 2017 | 19 | £3,200,000 |
BBOXX Capital Ltd. | UK | Apr 2018 | 7 | £2,250,000 |
candi solar BV | Netherlands | Dec 2020 | 6 | £2,550,000 |
iProcure Ltd. (Fortem Holdings) | Mauritius | Aug 2021 | 2 | £625,000 |
New Light Africa Ltd. | UK | May 2018 | 1 | £70,000 |
Oolu SARL | Senegal | Aug 2018 | 33 | £4,704,150 |
REDAVIA Gmbh | Germany | Oct 2019 | 11 | £2,500,000 |
Simusolar Inc. | USA | Sept 2018 | 12 | £1,368,350 |
Solarise Africa Ltd. | Mauritius | Nov 2021 | 4 | £2,100,000 |
SolarNow BV | Netherlands | Aug 2017 | 3 | £400,000 |
SolarWorks! Trading BV | Netherlands | Dec 2017 | 19 | £1,527,350 |
Sollatek Electronics Kenya Ltd. | Kenya | Nov 2017 | 42 | £2,573,800 |
SunTransfer Kenya Investment Ltd. | Kenya | Oct 2017 | 4 | £500,000 |
upOwa SAS | France | Aug 2018 | 11 | £1,097,550 |
| Grand total | 191 | £31,416,200 |
Partner Repayment History
| Business | Current Amount Borrowed | Capital Repaid to Date | Capital Returns Overdue | Capital Written Off |
|---|---|---|---|---|
Altech Group SARL | £2,350,000 | £150,000 | ~ | ~ |
Azuri Luminosa Ltd. | £2,360,000 | £1,090,000 | £2,360,000 | - |
Azuri Tech SSPV1 Ltd. | - | £3,200,000 | - | ~ |
BBOXX Capital Ltd. | £166,667 | £2,083,333 | ~ | ~ |
candi solar BV | £2,121,429 | £428,571 | ~ | ~ |
iProcure Ltd. (Fortem Holdings) | £500,000 | £125,000 | ~ | ~ |
New Light Africa Ltd. | ~ | £0.00 | £0.00 | £70,000 |
Oolu SARL | £2,000,117 | £2,704,033 | ~ | ~ |
REDAVIA Gmbh | £997,667 | £1,502,333 | ~ | ~ |
Simusolar Inc. | £487,783 | £880,567 | £487,783 | ~ |
Solarise Africa Ltd. | £1,600,000 | N/A | ~ | ~ |
SolarNow BV | £70,000 | £225,000 | £70,000 | £105,000 |
SolarWorks! Trading BV | £686,683 | £840,667 | £686,683 | £0.00 |
Sollatek Electronics Kenya Ltd. | £834,450 | £1,739,350 | ~ | ~ |
SunTransfer Kenya Investment Ltd. | £400,000 | £100,000 | £400,000 | £0.00 |
upOwa SAS | £401,725 | £690,075 | £401,725 | ~ |
| Grand total | £15,758,929 | £4,406,191 14.0% (of total borrowing to date) | £175,000 0.6% (of total borrowing to date) |
Azuri Luminosa Ltd - The company are currently negotiating a restructure, with an inter-creditor agreement expected in Q3 2022.
New Light Africa Ltd - In liquidation - Full loss to investors
Simusolar - The company has requested a repayment holiday unti the end of 2022, with work ongoing to negotiate when repayments will resume.
SolarNow BV - Debt was restructed in Jan '20 with a 20% write-off at that point, and further 20% write-offs in Jan '21 & '22.
SunTransfer Kenya - Energise Africa is working on an Intercreditor Agreement with the aim of resuming repayment. No repayments made on borrowing since Sept '18.
SolarWorks! Trading BV - Debt was restructured with 12 month capital repayment holiday agreed. Further restructuring is currently being negotiated.
upOwa - The company has requested a repayment holiday unti the end of 2022, with work ongoing to negotiate when repayments will resume.
Note on methodology for overdue amounts: At the point that an Issuer has failed to make repayment on part of their borrowing in line with the advertised repayment schedule, then the full outstanding balance of their facility is shown as overdue (even where an agreement has been reached on amended repayment terms).