from DION HENRICK in Cape Town
Western Cape Bureau
CAPE TOWN, (CAJ News) – THE United Kingdom (UK) investing platform, Ethex, has acquired Energise Africa, its pioneering sister investment platform.
This evolution aims to strengthen Ethex’s ability to mobilise citizen finance for global climate goals. The acquisition is a friendly agreement with its joint venture partner, Lendahand with whom Ethex co-founded Energise Africa.
Together, the two platforms have raised more than £175 million in UK climate -friendly investments.
The acquisition comes as governments and investors worldwide work to accelerate progress on global climate commitments at the United Nations Climate Change Conference (COP 30), ending on Friday.
Lisa Ashford, Chief Executive Officer of Ethex and Director of Energise Africa, said Ethex and Lendahand had built Energise Africa as a pioneering platform that has helped thousands of UK investors create meaningful impact in Africa.
“This next step allows us to bring Energise Africa fully into the Ethex family under the leadership of Ray Coyle, enabling us to grow people-powered investing at home and in Africa with the same commitment to transparency, impact, and positive change,” Ashford said.
Since launching in 2013, Ethex investors have raised over £130 million to support more than 200 projects tackling climate change, inequality and social challenges across the UK.
Lendahand is a Netherlands-based impact investment platform for retail investors.
– CAJ News