Energise Africa plans scale up
Energise Africa plans to scale up the business with new product launches in the year ahead.
The ethical investment platform, whose legal entity is Lendahand Ethex, is a joint venture owned by European impact investing platforms Ethex and Lendahand.
It offers investors annual returns of up to 7.5 per cent for funding clean energy projects in Africa, which can be held in an Innovative Finance ISA wrapper.
Lisa Ashford, chief executive of Energise Africa, said that she was pleased with the platform’s financial performance over the past year and is now focused on scaling up.
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According to documents filed with Companies House, Lendahand Ethex reported profit and total comprehensive income for the year of £64,791 by 31 December 2021.
“We’re really pleased with our latest results which show we have an opportunity to scale from a solid base,” said Ashford.
“There is significant investor appetite to put their money in impact investments and initiatives that will help meet the UN’s Sustainable Development Goals, including fighting climate change.
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“We were very proud that the work of Energise Africa was highlighted at last year’s COP26 in Glasgow with a UN Climate Impact Award for climate-friendly investment.
“Our focus is on scaling up the business to fulfil its potential to achieve impact and long term results.
“In the next year, we will be investing in key strategic growth initiatives including some innovative product development to expand our investee and investor base.”
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