Energise Africa plans scale up

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Energise Africa plans to scale up the enterprise with new product launches within the yr forward.

The moral funding platform, whose authorized entity is Lendahand Ethex, is a three way partnership owned by European affect investing platforms Ethex and Lendahand.

It presents traders annual returns of as much as 7.5 per cent for funding clear vitality tasks in Africa, which will be held in an Progressive Finance ISA wrapper.

Lisa Ashford, chief government of Energise Africa, mentioned that she was happy with the platform’s monetary efficiency over the previous yr and is now centered on scaling up.

Learn extra: Lendahand good points new EU crowdfunding license

Based on paperwork filed with Firms Home, Lendahand Ethex reported revenue and whole complete earnings for the yr of £64,791 by 31 December 2021.

“We’re actually happy with our newest outcomes which present we’ve a possibility to scale from a stable base,” mentioned Ashford.

“There may be vital investor urge for food to place their cash in affect investments and initiatives that may assist meet the UN’s Sustainable Improvement Objectives, together with combating local weather change.

Learn extra: Beat the warmth – fight local weather change with these eco-friendly P2P loans

“We have been very proud that the work of Energise Africa was highlighted ultimately yr’s COP26 in Glasgow with a UN Local weather Affect Award for climate-friendly funding.

“Our focus is on scaling up the enterprise to fulfil its potential to attain affect and long run outcomes.

“Within the subsequent yr, we will likely be investing in key strategic development initiatives together with some modern product improvement to broaden our investee and investor base.”

Learn extra: Ethex and Energise Africa to make two senior hires

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