{"id":40558,"date":"2023-03-07T12:12:07","date_gmt":"2023-03-07T11:12:07","guid":{"rendered":"https:\/\/www.bettervest.com\/current-projects\/hydrobox-2-project-profile"},"modified":"2023-04-04T18:26:56","modified_gmt":"2023-04-04T16:26:56","slug":"hydrobox-2-project-profile","status":"publish","type":"page","link":"https:\/\/www.bettervest.com\/en\/current-projects\/hydrobox-2-project-profile","title":{"rendered":"Hydrobox 2 Project Profile"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"40558\" class=\"elementor elementor-40558\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8ccdee elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"f8ccdee\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29d30e5f bettervest_project_header\" data-id=\"29d30e5f\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43df5418 elementor-widget elementor-widget-html\" data-id=\"43df5418\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script>\r\n    if (window.bettervest == null) {\r\n        window.bettervest = {};\r\n    }\r\n    window.bettervest.projectId = \"863772c5-a859-4399-a1be-886e68bab012\";\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e9d57ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e9d57ff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2050c318\" data-id=\"2050c318\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-346eaed7 elementor-widget elementor-widget-spacer\" data-id=\"346eaed7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ced36a2 elementor-widget elementor-widget-spacer\" data-id=\"5ced36a2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef435b9 elementor-widget elementor-widget-heading\" data-id=\"ef435b9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bring clean electricity from environmentally friendly river hydropower to Kenya for businesses and homes, avoiding 1,000 tons of CO2 per year!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2911262e elementor-widget elementor-widget-video\" data-id=\"2911262e\" data-element_type=\"widget\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><div class=\"BorlabsCookie\"><div class=\"_brlbs-content-blocker\"> <div class=\"_brlbs-embed _brlbs-video-youtube\"> <img decoding=\"async\" class=\"_brlbs-thumbnail\" src=\"https:\/\/www.bettervest.com\/wp-content\/plugins\/borlabs-cookie\/images\/cb-no-thumbnail.png\" alt=\"YouTube\"> <div class=\"_brlbs-caption\"> <p>Mit dem Laden des Videos akzeptieren Sie die Datenschutzerkl\u00e4rung von YouTube.<br><a href=\"https:\/\/policies.google.com\/privacy\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Mehr erfahren<\/a><\/p> <p><a class=\"_brlbs-btn _brlbs-icon-play-white\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Video laden<\/a><\/p> <p><label><input type=\"checkbox\" name=\"unblockAll\" value=\"1\" checked> <small>YouTube immer entsperren<\/small><\/label><\/p> <\/div> <\/div> <\/div><div class=\"borlabs-hide\" data-borlabs-cookie-type=\"content-blocker\" data-borlabs-cookie-id=\"youtube\"><script type=\"text\/template\">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<\/script><\/div><\/div><\/div>\t\t\t\t<div class=\"elementor-custom-embed-image-overlay\" style=\"background-image: url(https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Titelbild_Video.jpeg);\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-custom-embed-play\" role=\"button\" aria-label=\"Play Video\" tabindex=\"0\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-play\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa3bee4 elementor-widget elementor-widget-text-editor\" data-id=\"3fa3bee4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Video from March 2023. You can select German subtitles in the lower right-hand corner of the video.<\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b44190f elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"1b44190f\" data-element_type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\t\t\t<span class=\"elementor-alert-title\">Notice pursuant to Section 12 (2) of the German Investment Act (Verm\u00f6gensanlagengesetz):<\/span>\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>The acquisition of this investment is associated with considerable risks and may lead to the complete loss of the invested assets.<\/p>\n<\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-134ab3bc elementor-widget elementor-widget-spacer\" data-id=\"134ab3bc\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27620fa elementor-widget elementor-widget-heading\" data-id=\"27620fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">UN Sustainable Development Goals (SDGs)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ec5e90f elementor-widget elementor-widget-spacer\" data-id=\"3ec5e90f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-346aabd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"346aabd8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-27bdd013\" data-id=\"27bdd013\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-420e3e2c elementor-widget elementor-widget-image\" data-id=\"420e3e2c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1824\" height=\"402\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander.png\" class=\"attachment-full size-full wp-image-21045\" alt=\"Ariya SDGs\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander.png 1824w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander-300x66.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander-1024x226.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander-768x169.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/03\/Ariya_SDGs_nebeneinander-1536x339.png 1536w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-20994de2 elementor-widget elementor-widget-spacer\" data-id=\"20994de2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36940b58 elementor-widget elementor-widget-html\" data-id=\"36940b58\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script> \r\njQuery(document).ready(function($) { \r\nvar delay = 100; setTimeout(function() { \r\n$('.elementor-tab-title').removeClass('elementor-active');\r\n $('.elementor-tab-content').css('display', 'none'); }, delay); \r\n}); \r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fba27e9 elementor-widget elementor-widget-heading\" data-id=\"5fba27e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The investment at a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5123483 elementor-widget elementor-widget-spacer\" data-id=\"5123483\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ff7700b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ff7700b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4bec5720\" data-id=\"4bec5720\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c12f35c elementor-widget elementor-widget-html\" data-id=\"7c12f35c\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>.react-app-project-side-bar{font-family: \"Fira Sans\", Sans-serif;}<\/style>\r\n<div class=\"react-app-project-side-bar\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-1a089487\" data-id=\"1a089487\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e82be51 elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"3e82be51\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-sun\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tProject intent\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tThe Belgian company Hydrobox NV (Hydrobox) will use the loan to finance the construction of two environmentally friendly small hydropower stations: \r\n-\tKiamahindu, a 110 kW small hydropower station\r\n-\tGitwamba, a 140 kW hybrid hydro and solar power station\r\n\r\nThe on-site works will be carried out by Hydrobox Kenya and the power stations will be owned by two Kenyan subsidiaries, Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd. \r\n\r\nThe hydropower stations make use of the run-of-river principle which is an efficient and environmentally friendly way to produce reliable power 24\/7. Standardization and the use of existing infrastructure allows Hydrobox to reduce costs and production time, and the \"smart\" features allow remote operation and monitoring, which is especially beneficial in rural areas. Hydrobox is the developer of the hydro power stations. \r\n\r\nThe Hydrobox business model follows the anchor-business-household customer model (ABC model). In this model, a tea\/coffee factory, farm or mobile telco customer with a 24\/7 power need (Anchor) consumes over 40-60% of the power that Hydrobox produces at a given site. This ensures a stable revenue for their hydro power stations to pay back the loans. This allows Hydrobox to sell the rest of the power to households, schools, hospitals, and smaller businesses against an affordable tariff to ensure that the surrounding community also benefits from green and stable electricity. \r\n\r\nFinally, it is important to note that the company also has off-takers with a flexible energy need (cold stores, battery charging for e-bikes, data mining). They can absorb excess power whenever available and function as a buyer of last resort, which ensures that up to 90% of the power produced is consumed.\r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-555bfaa3 elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"555bfaa3\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-leaf\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tSustainable &amp; social impact\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tBy switching to sustainable hydropower, Hydrobox's customers receive cheaper and cleaner electricity, as well as a reliable and stable supply of electricity. This is critical for rural businesses, hospitals and schools operating in areas where there is no stable power supply from the national grid. This can greatly strengthen the economic performance of local businesses, as they will no longer be affected by power outages and will not have to rely on expensive diesel generators. The project will enable 300 households (1500 end-users) to enjoy a more affordable and reliable electricity supply, thereby raising their standard of living. In addition, the project is expected to create 10 new jobs and another 40 indirect jobs from local businesses.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24257cab elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"24257cab\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-globe-africa\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tClimate protection\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tThe implementation of the project will mitigate climate change and has a low impact on the environment. The two hydropower stations will save approximately 1,000 tons of CO2 annually. In addition, the stations use the run-of-river principle to generate electricity, which has a limited environmental footprint compared to large traditional hydropower plants. The run-of-river power stations uses only a portion of the river water and does not require a dam or reservoir. This is important because large reservoirs can have negative impacts on forests, wildlife habitats, and agricultural land. A detailed environmental and social impact assessment is conducted at the start of each project, and the company has a system in place to monitor environmental and social impacts and subjects the project to annual environmental audits. \r\n\r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49026f0f elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"49026f0f\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-money-bill-alt\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEarly bird bonus\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tAll investors* investing up to and including 02.05.2023 will receive an early bird bonus of 1% p.a.. The interest rate thus increases to 7.5% p.a. in total.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1228be19 elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"1228be19\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-headphones-alt\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tPodcast by Hydrobox\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tHydrobox has launched its own podcast series to share its passion for Africa, social entrepreneurship and renewable energy as levers for a better world. Together we are stronger - Tuko Pamoja.\r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6efb180b\" data-id=\"6efb180b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-207a5d17 elementor-widget elementor-widget-spacer\" data-id=\"207a5d17\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bbadbba elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"7bbadbba\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-lock\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRisk reduction measures\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tIn order to be able to incorporate risk-mitigating measures despite subordinated loans, three special purpose vehicles are used: \r\n\r\nThe German Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) (which is independent of the local project owners) takes the collected capital from the crowd and forwards it as a secured loan to the two Kenyan companies Gitwamba Power Station Limited and Kiamahindu Power Station Limited. In return, the German Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) is pledged all assets (85% of the funding amount), such as the turbines to be financed, until the loan is repaid in full. \r\n\r\nIn addition, the German special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) will be provided with a liquidity reserve of 5% of the net proceeds (collected through crowdfunding). EUR 25,000 of this serves as a liquidity buffer in order to be able to intervene or even take legal action in the event of any repayment problems on the part of the two project companies. The remaining liquidity reserve is reserved for short-term declines in performance. \r\n\r\nThe parent company Hydrobox NV in Belgium (HBNV) has confirmed its firm intention to support both Gitwamba Power Station Limited and Kiamahindu Power Station Limited (the project companies) up to the total amount of the crowdfunded loan. This is done by means of a guarantee for 100% of the loan amount in favour of the special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt). \r\n\r\nThe project companies Gitwamba Power Station Limited and Kiamahindu Power Station Limited will receive equity from the Belgian parent company Hydrobox NV amounting to EUR 500,000 or 29% of the funding sum. Thanks to proceeds from subsidies amounting to approximately EUR 255,000, the debt financing share of the entire project amounts to a sustainable sum of EUR 983,675 or 54% of the funding sum.  \r\n\r\nThe two Kenyan project companies, Gitwamba Power Station Limited and Kiamahindu Power Station Limited, take out comprehensive insurance cover for the hydropower plants, which in addition to the usual risks (fire protection, theft, etc.) also covers claims for damages and loss of income in the event of machinery damage. \r\n\r\nFurther information can be found in the text section under \"Risk reduction measures\".\r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1593580d elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"1593580d\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-building\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEstablished, sustainable company\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tHydrobox NV was founded in 2018 in Brussels, Belgium. The company develops innovative, standardized containerized hydropower plants and is dedicated to providing reliable, sustainable and affordable access to energy, especially in rural areas of Kenya. Through its local subsidiaries, Hydrobox currently operates 3 hydropower plants with a total capacity of 600 kW in Murang'a County, Kenya, providing access to electricity for over 4,000 end-users (800 households). In addition to this current project, Hydrobox has 4 other projects in development that will add an additional 1.6 megawatts to its existing operations over the next 24 months. \r\n\r\nThe company is a partnership between a Belgian and Kenyan entrepreneur and is deeply embedded in the local community, where it works with other organizations to bring about positive change. The company maintains good relationships with government stakeholders and since 2018 has had a strategic partnership with NETFUND (National Environment Trust Fund), an agency of the Ministry of Environment and Forestry, to pilot innovative energy projects in the country, mainly to promote productive uptake of electricity by female and youth led businesses. \r\n\r\nHydrobox received the 2019 EDF Pulse Africa Award for the most innovative off-grid power generation model. In addition, Hydrobox was awarded the 2019 Most Innovative Company Award by Jungle Bells (Euronext) for its innovation in providing scalable sustainable energy solutions. In 2020, the company was included in the list of 100 Top Startups (SET100) in the Start Up Energy Transition Awards and was awarded the \u201cEfficient Solution\u201d label by the Solar Impulse Foundation and in 2022 it won together with NETFUND the P4G\u2019s 2022 State-of-the-Art Partnership of the Year award.\r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff8f014 elementor-widget elementor-widget-spacer\" data-id=\"ff8f014\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-142aae4d elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"142aae4d\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57ea05ad\" data-id=\"57ea05ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52428d83 elementor-widget elementor-widget-spacer\" data-id=\"52428d83\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-116c3736 elementor-widget elementor-widget-heading\" data-id=\"116c3736\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Project description<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42af1173 elementor-widget elementor-widget-accordion\" data-id=\"42af1173\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1111\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1111\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Project intent<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1111\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1111\"><p>Access to energy is the key prerequisite for sustainable development and growth of nations. Sustainable economic growth in turn leads to an improvement in the quality of life of the population. On the African continent, Kenya is one of the fastest developing countries and a major hub in East Africa. Kenya recorded economic growth of <strong><a href=\"https:\/\/www.worldbank.org\/en\/country\/kenya\/overview\" target=\"_blank\" rel=\"noopener\">7.5 %<\/a><\/strong> in 2021, according to the Corona Year 2020, and growth of <a href=\"https:\/\/www.worldbank.org\/en\/country\/kenya\/overview\" target=\"_blank\" rel=\"noopener\"><strong>5.5 %<\/strong><\/a> was projected for 2022.<\/p>\n<p>Nevertheless, there is a major energy problem in Kenya that is hampering the country\u2019s further development: nearly <a href=\"https:\/\/data.worldbank.org\/indicator\/EG.ELC.ACCS.RU.ZS?locations=KE&amp;view=map\" target=\"_blank\" rel=\"noopener\">40 %<\/a> of the rural population still lacks access to energy, and those who are connected to the grid complain of poor power reliability and high electricity prices. This is also felt by businesses, which have to contend with production losses due to power outages and with enormous costs. Small and medium-sized enterprises in particular are at the heart of the Kenyan economy and provide 80% of the new jobs created each year, thus ensuring stability and growth in the country. In order to remain competitive, many companies are therefore looking for alternatives to the national electricity supplier and opting for a clean and reliable power supply through renewable energies.<\/p>\n<p>This is where Belgian-Kenyan company Hydrobox NV (Hydrobox) comes in, with a mission to provide reliable, sustainable and affordable access to energy. Hydrobox relies on environmentally friendly run-of-river hydroelectric systems, which is more efficient than many other renewable energy sources because it is based on a resource that is available 24\/7 (running water).  <\/p>\n<p>The company has developed a standardized and smart hydropower plant that is deployed in a decentralized manner on rivers and can be operated and monitored remotely. In addition, the power plants rely on the &#8220;run-of-river&#8221; principle to generate electricity, which does not require a dam and minimizes the impact on nature.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1112\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1112\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Sustainable & social impact<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1112\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1112\"><p>Through its business model, Hydrobox actively contributes to four of the UN&#8217;s SDGs (\u201e<a href=\"https:\/\/www.globalgoals.org\/\" target=\"_blank\" rel=\"noopener\">sustainable development goals<\/a>\u201c):<\/p>\n<p>By installing the hydropower facilities and implementing an innovative business model, Hydrobox&#8217;s customers receive clean, affordable and reliable electricity, which is a cost-effective alternative compared to the Kenyan electricity grid or diesel generators (Goal 7.2). The combination of Anchor, Business and Household customers allows Hydrobox to comfortable repay commercial loans and charge an affordable tariff to its customers. <\/p>\n<p>Hydrobox&#8217;s customers are small and medium enterprises operating in various sectors such as agriculture, more specifically tea, coffee and maize processing, or IT. Expensive electricity, frequent power outages and poor power quality are recurring problems. Thus, a constant and reliable source of electricity that is available 24\/7 can have an indirect impact on the economic, sustainable growth of businesses (Objective 8.1).<\/p>\n<p>Hydrobox&#8217;s hydropower stations can be deployed in a decentralized manner, making them particularly beneficial in rural areas where infrastructure is weak. The innovative stations, which are equipped with smart sensors, can also be operated and monitored remotely. The smart system also enables &#8220;predictive maintenance&#8221;, which reduces costs and increases the lifespan of the stations (Objective 9.4).<\/p>\n<p>Hydrobox&#8217;s business model addresses climate change (Goal 13), as the hydropower stations replace diesel generators and grid electricity, and provide a significant reduction in CO2 emissions.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1113\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1113\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Climate protection<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1113\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1113\"><p>By switching to green hydroelectric power, Hydrobox&#8217;s customers increase their environmental sustainability by reducing their CO2 emissions. The hydropower stations generate approximately 1,746,000 kWh of electricity annually, resulting in CO2 savings of approximately 1,000 tons per year at a rate of 0,59 tCO2\/MWh.<\/p>\n<p>Over the life of the loan, this results in CO2 savings of 8,000 metric tons, and over the life of the hydropower station of approximately 25 years, 25,000 metric tons of CO2 can be avoided.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1114\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1114\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Risk reduction measures<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1114\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1114\"><p>The investment risks associated with the subordinated loan are described in detail in the VIB under item 5 and in the risk notes. The measures taken to mitigate the risks are explained in this section:<br \/>\n<strong><br \/>\n1) Dual corporate structure<\/strong><br \/>\nThree special purpose vehicles (SPVs) are used for the crowdfunding campaign:<br \/>\n(a) The German SPV Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) acts as borrower and issuer and is based in Germany. It forwards the capital collected from the crowd as a secured project loan to two Kenyan project companies, Gitwamba Power Station Limited and Kiamahindu Power Station Limited. In return, all assets (see point 5 below) are pledged to the German special purpose vehicle until the loan is repaid in full. The shareholders and managing directors of Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) are independent of the project companies and Hydrobox. In addition, the special purpose vehicle will be provided with a liquidity buffer (see further below under item 4).<\/p>\n<p>b) The two Kenyan project companies, Gitwamba Power Station Limited and Kiamahindu Power Station Limited, jointly act as borrowers vis-\u00e0-vis the German special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt). During the entire term of the loan, they remain the collective owners of the project assets financed and generated with the project loan. These assets are pledged to the special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt).<\/p>\n<p><strong>2) Guarantee of the financially strong parent company in Belgium<\/strong><br \/>\nThe parent company Hydrobox NV in Belgium (HBNV) has confirmed its firm intention to support both Gitwamba Power Station Limited and Kiamahindu Power Station Limited (the project companies) up to the total amount of the crowdfunded loan. This is done by means of a guarantee for 100% of the loan amount in favour of the special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt).<br \/>\nIn addition, the past shows that the shareholders of the parent company Hydrobox NV have repeatedly provided the company with equity, which further confirms the interest of the shareholders in the long-term success of the business. HBNV had a gearing ratio of 1.17 at the end of 2021, which corresponds to an equity ratio of 46%. Additional capital in the high six figures was injected by shareholders at the end of July 2022.<\/p>\n<p><strong>3) Relatively low share of debt financing<\/strong><br \/>\nThe project companies Gitwamba Power Station Limited and Kiamahindu Power Station Limited receive equity financing from the Belgian parent company Hydrobox NV amounting to almost EUR 500,000 or 46% of the funding amount. Thanks to proceeds from subsidies of approximately EUR 255,000, the debt financing portion of the entire project amounts to a sustainable sum of EUR 983,675 or 54%.  <\/p>\n<p><strong>4) Liquidity Provision\/Provisions<\/strong><br \/>\na) Liquidity reserve<br \/>\nIn order to strengthen the project liquidity, a liquidity reserve amounting to 5% of the net proceeds (i.e. a maximum of 49,184 EUR) will be collected in the course of the crowdfunding, to which the German special purpose vehicle Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) is entitled. EUR 25,000 of this serves as a liquidity buffer for the special purpose vehicle in order to be able to intervene or even take legal action in the event of any repayment problems on the part of the two project companies. The remaining liquidity reserve is reserved for short-term declines in performance. After two years, this reserve will go to the project companies.<\/p>\n<p>b) Cross-liquidity clause<br \/>\nIn addition, the investors benefit from a so-called &#8220;cross-liquidity clause&#8221;. This mechanism is created between the two project companies and allows for cash to be shared between the two legally separate entities to counteract potential liquidity shortages.<\/p>\n<p><strong>5) Pledge of project assets<\/strong><br \/>\nIn addition, the power purchase agreements, all receivables and the corresponding assets (turbines, associated distribution networks, etc.) are pledged to the German special purpose entity Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) to secure the repayment claim. The value of the assets including reserves amounts to EUR 920,000 and covers 85% of the funding amount.<\/p>\n<p><strong>6) Insurance cover<\/strong><br \/>\nThe two Kenyan project companies, Gitwamba Power Station Limited and Kiamahindu Power Station Limited, take out comprehensive insurance cover for the hydropower stations which, in addition to the usual risks (fire protection, theft, etc.), also covers claims for damages and loss of earnings in the event of damage to machinery.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1115\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1115\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Summary Cash Flow Plan <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1115\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1115\"><p><img decoding=\"async\" class=\"alignnone wp-image-40541 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230404_572_2_Hydrobox2_CashflowPlan.png\" alt=\"\" width=\"1319\" height=\"470\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230404_572_2_Hydrobox2_CashflowPlan.png 1319w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230404_572_2_Hydrobox2_CashflowPlan-300x107.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230404_572_2_Hydrobox2_CashflowPlan-1024x365.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230404_572_2_Hydrobox2_CashflowPlan-768x274.png 768w\" sizes=\"(max-width: 1319px) 100vw, 1319px\" \/><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1116\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1116\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Financing structure<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1116\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1116\"><p><img decoding=\"async\" class=\"alignnone wp-image-40481 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1.png\" alt=\"\" width=\"4152\" height=\"1856\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1.png 4152w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1-300x134.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1-1024x458.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1-768x343.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1-1536x687.png 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Finanzierungsstruktur-1-2048x915.png 2048w\" sizes=\"(max-width: 4152px) 100vw, 4152px\" \/><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1117\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1117\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Financing and repayment<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1117\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1117\"><p><strong>Financing need<\/strong><\/p>\n<p>The total project cost is \u20ac1.68 million and includes the construction of the hydropower stations, project development costs, civil works and grid costs for electricity distribution. The project is partly financed by a grant and own funds from the two Kenyan project companies (subsidiaries of Hydrobox). <\/p>\n<p>By means of this crowdfunding campaign, the remaining 1,078,000 euros (including fees) will be financed. The loan will cover the costs of turbine design and manufacture, project management, required licenses, civil works (surveying, excavation, construction of intake, forebay and penstock) and electrical works (step-up transformer, distribution boxes, power lines) and transportation costs.<\/p>\n<p>The term of the loan is 8 years and has an annual interest rate of 6.5% p.a. for the crowd-investors. Repayment takes place once a year and includes repayment and interest (annuity repayment). Investors who invest in the project within the first four weeks receive an additional early bird bonus of 1% p.a. (i.e. a total of 7,5% p.a.). The funding threshold for this project is \u20ac50,000. If only this amount is reached, the local project companies will cover the difference with additional required debt capital from their parent company Hydrobox BV and carry out the project.<\/p>\n<p><strong>Repayment<\/strong><\/p>\n<p>The repayments to the investors are to be serviced from funds generated from the sale of the generated electricity through installment payments and concluded power purchase agreements (PPAs) with customers.<\/p>\n<p>The hydropower stations will supply electricity to 300 households (1500 end users), sixteen schools, four hospitals and twelve businesses through two mini-grids. The largest consumers are presented below:<\/p>\n<p><strong>Kiriti Tea Factory<\/strong> is a tea factory developed by and for local tea farmers. It is a group of passionate tea farmers in the foothills of the Aberdare Mountains in central Kenya who have extensive experience in the tea sector. With hundreds of affiliated tea farmers and over 600 hectares of mature highland tea, the factory is very successful and on its way to revolutionizing the Kenyan tea industry.<\/p>\n<p><strong>Emashu LTD<\/strong> is a maize miller in Baricho town. The company requires a load of 80 kW (day and night) which is an ideal anchor customer for Hydrobox. Emashu wants to double its production capacity and is now constructing a second miller next to it\u2019s current one. Emashu has signed an LOI and we Hydrobox is now the process of developing a PPA.<\/p>\n<p><strong>Jay Shree<\/strong> \u2013 a farm in Baricho, Kirinyaga County. The farm grows subsistence crops as well as coffee and has signed a power purchasing agreement with a dedicated load of 20kW.<\/p>\n<p><strong>BRCK <strong>and<\/strong><strong> Gridless<\/strong> are the creation of serial social entrepreneur Erik Hersman. BRCK provides wi-fi internet in rural areas for the bottom of the pyramid by having customers pay with their time (e.g. through participation in surveys) instead of their money. From running their internet hubs in rural areas, Erik identified the existence of excess energy in rural minigrids. He then developed Gridless which operates as a buyer of last resort for renewable minigrids. They have a flexible demand used for data &#038; blockchain. Hydrobox has a USD PPA with Gridless with a floor price plus a variable upside based on the revenue generated by Gridless.<\/p>\n<p><strong>Safaricom<\/strong> is Kenya&#8217;s leading mobile telecommunications company. Safaricom provides 4G Internet, which is now available in over 30 counties in Kenya. Safaricom has already deployed 635 sites, approaching 1,000 4G stations. Safaricom needs reliable power for its transmission towers in the region where Hydrobox operates. The company has also set a goal of sourcing electricity from 100% renewable sources by 2030.<\/p>\n<p>The sixteen schools and four hospitals in the rural area have smaller needs (5-20 kW) but a very large impact: access to Hydrobox&#8217;s energy allows them to provide services without interruptions, reduce operating costs, and make the switch to renewable energy. <\/p>\n<p>The 300 households (1500 end users) are customers for whom the national grid is not accessible, not reliable enough or not affordable due to high connection fees.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1118\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-1118\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">The two hydropower plants in detail<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1118\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-1118\"><p>Reliability and climate adaptability<\/p>\n<p>The two hydropower plants can produce stable electricity all year round (round the clock).<\/p>\n<p>Kiamahindu:<\/p>\n<p>The Kiamahindu power plant builds on existing infrastructure to reduce project development costs.<\/p>\n<p>The Kiamahindu power plant uses three environmentally friendly, series-connected turbines from the manufacturer Turbulent, each with an output of 37 kW (total output 110 kW). These can generate electricity from a river with a low head (the difference in height between the point of water intake and the turbine), which is common in these areas in Kenya. The project was designed based on river flow, which is available 90% of the time, ensuring stable power generation throughout the year.<\/p>\n<p>Gitwamba:<\/p>\n<p>The Gitwamba power plant was designed as a hybrid hydro and solar power plant. This is because the flow rate of the river is very different in the dry and rainy seasons. The solar system provides additional power in the dry season, while the hydro power plant provides additional capacity in the rainy season, giving customers a stable base load day and night. This combines the best of both worlds and mitigates the effects of climate change, which makes the seasons more unpredictable.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40451 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro.png\" alt=\"Hydrobox 2\" width=\"826\" height=\"466\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro.png 826w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro-300x169.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro-768x433.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro-800x450.png 800w\" sizes=\"(max-width: 826px) 100vw, 826px\" \/><\/p>\n<p><em>Figure 2: Projected output of the Gitwamba power plant from solar and hydro power over the year.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40449 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro_combined.png\" alt=\"Hydrobox 2\" width=\"826\" height=\"466\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro_combined.png 826w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro_combined-300x169.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro_combined-768x433.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/Leistung_Gitwamba_Solar_Hydro_combined-800x450.png 800w\" sizes=\"(max-width: 826px) 100vw, 826px\" \/><\/p>\n<p><em>Figure 3: Projected combined electricity generation of the Gitwamba power plant throughout the year.<\/em><\/p>\n<p>The Gitwamba hydropower plant has a capacity of 140 kW. The hydropower component has an installed capacity of 90 kW at a design flow of 0.65 m3\/s. The solar component has an installed capacity of 85 kWp and a capacity of 60 KVA (50 kW).<\/p>\n<p>This combination provides stable electrical output throughout the year, regardless of the dry or rainy season.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1119\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-1119\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Hydropower snapshot<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1119\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-1119\"><p><strong>How does a hydropower plant work?<\/strong><\/p>\n<p>A hydroelectric power plant harnesses the flow of running water. The Federal Office of Economics and Climate Protection explains the principle as follows: &#8220;The kinetic and potential energy of a water flow is converted by a turbine wheel into mechanical rotational energy that can be used to drive machines or generators.&#8221; Two main parameters determine the amount of electricity generated: the water column (head), which is the difference in elevation between the point of water extraction and the turbine, and the flow rate, which is the amount of water flowing through the river, measured in m3\/s.<br \/>\n<strong><br \/>\nWhat are the different types of hydropower plants?<\/strong><\/p>\n<p>One can classify hydropower plants according to different criteria. A basic division can be made by configuration: a plant with a dam and reservoir or without. Hydropower plants with a dam and a reservoir can store water for short or long periods to meet peak demand. Hydropower plants without dams and reservoirs (&#8220;run-of-river&#8221;) provide smaller amounts of electricity and are usually designed to operate in a river without interfering with its flow. For this reason, small-scale hydropower is considered a more environmentally friendly option because it minimizes interference with the natural environment.<\/p>\n<p><strong>Advantages of hydropower over others <\/strong><\/p>\n<p>In areas where there is a suitable river, small-scale hydropower is a very interesting alternative to solar and wind power because it is available 24\/7. This allows hydropower plants to supply electricity continuously without the need to store electricity in batteries, which is costly and often technically impossible for industrial users such as factories or power-intensive IT applications. The continuous production of hydropower also stabilizes national power grids with baseload production that balances intermittent energy sources such as solar and wind, ensuring a stable national grid.<br \/>\n<strong><br \/>\nHydrobox&#8217;s hydropower plant &#8211; decentralized energy with minimal impact on the environment<\/strong><\/p>\n<p>Hydrobox&#8217;s innovative hydropower plant is characterized by a high degree of standardization: the plant is fully equipped and the turbines are prefabricated in Belgium, simplifying on-site installation. <\/p>\n<p>The Gitwamba Power Station uses a cross-flow turbine and one three-phase synchronous generator for single and parallel operation. In addition it is equipped with solar panels to provide additional capacity during dry season. <\/p>\n<p>The Kiamahindu power station is equipped with three Turbulent Turbines that are placed in sequence. <\/p>\n<p>Both powerplants are equipped with smart sensors and remote management features that provide the following benefits:<br \/>\n&#8211; Remote monitoring: water levels, temperatures, turbine speed, turbine valve position, electrical output parameters.<br \/>\n&#8211; Automatic water level control: hydraulic control of turbine valves and hydraulic power units depending on the current water level<br \/>\n&#8211; Automatic control system with touch screen for on-site control of the power plant, voltage regulation and synchronization with the grid<br \/>\n&#8211; Remote control possibility: start &#038; stop of the plant, opening &#038; closing of the turbine valves, switching of the operating mode (manual\/automatic)<br \/>\n&#8211; Daily reports and alarm functions<\/p>\n<p>Furthermore, Hydrobox attaches great importance to having the lowest possible impact on the environment. The plant is therefore designed according to the principle of the run-of-river power plant, which ensures that the natural course of the river is not affected by the construction of a dam. Only a part of the river is cut off for power generation (which ensures sufficient ecological flow) and flows back into the river a few hundred meters later (no water extraction). A fine-mesh trash rack prevents fish from entering the intake and becoming entangled in the crossflow turbine (link to turbine manufacturer). The Turbulent turbine uses an eco-friendly turbine as it allows fish and other river life to pass through its turbine unharmed.  Please follow this link and this link for more detailed explanation on the turbine. A detailed environmental and social impact assessment is conducted at the start of each project, the company has a system in place to monitor environmental and social impacts, and the project is audited annually by the Ministry of Environment. This ensures a minimal environmental footprint. <\/p>\n<p>The hydropower plants combines many advantages over other, traditional hydropower plants: Standardization and smart design can reduce time and costs. The run-of-river principle without dams keeps the ecological impact low. The plants are easier to scale than single household systems and easier to implement than large and complex infrastructure projects. In addition, the hydropower plants have long lifetimes (up to 30 years).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-11110\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-11110\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Podcast on Hydrobox - Tuko Pamoja (We are stronger together)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-11110\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-11110\"><p>Hydrobox has developed a podcast series with Raf Stevens and Tito Monako:<\/p>\n<p>&#8220;We developed this initiative because our community of investors and supporters keeps growing and because our existing investors keep telling us that who we are and what we stand for is the main reason why they invest in us.<\/p>\n<p>Many stories have been told about the African continent &#8211; some positive, but also many not so positive.<\/p>\n<p>With this podcast, we want to share our passion and optimism about Africa, social entrepreneurship and renewable energy as levers to improve the world.<\/p>\n<p>We hope that these stories can change some people&#8217;s views and inspire others. Together we are stronger &#8211; Tuko Pamoja.&#8221;<\/p>\n<p>Spotify link: <a href=\"https:\/\/open.spotify.com\/show\/1uZNlGoyNqxIdcllYxusbF?si=CnT3b6XZQoWFYG3hbxQ_5w\" rel=\"noopener\" target=\"_blank\">https:\/\/open.spotify.com\/show\/1uZNlGoyNqxIdcllYxusbF?si=CnT3b6XZQoWFYG3hbxQ_5w<\/a><\/p>\n<p>Also accessible via: <a href=\"https:\/\/rss.com\/podcasts\/tuko-pamoja-hydrobox-podcast\/\" rel=\"noopener\" target=\"_blank\">https:\/\/rss.com\/podcasts\/tuko-pamoja-hydrobox-podcast\/<\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5de344e9 elementor-widget elementor-widget-spacer\" data-id=\"5de344e9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339e0625 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339e0625\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c0f435\" data-id=\"6c0f435\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-67fc6c2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67fc6c2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-17dcb2ea\" data-id=\"17dcb2ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1db82ecd elementor-widget elementor-widget-spacer\" data-id=\"1db82ecd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b920506 elementor-widget elementor-widget-testimonial\" data-id=\"1b920506\" data-element_type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\"><p>Our mission is to create positive impact by empowering people and transforming communities through sustainable electricity. We do this by electrifying all facets of a community through an innovative business model and technology, ensuring that our customers benefit from reliable, affordable and green electricity. This in turn helps them grow their business and improve their standard of living.<br \/>\nSupporting our campaign with bettervest helps us empower businesses and households in Kenya, transition the country to green power and achieve a positive financial return. This is an investment in people, the planet and profit.<\/p>\n<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-testimonial-meta elementor-has-image elementor-testimonial-image-position-top\">\n\t\t\t\t<div class=\"elementor-testimonial-meta-inner\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-image\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1756\" height=\"1599\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874.jpg\" class=\"attachment-full size-full wp-image-30240\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874.jpg 1756w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874-300x273.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874-1024x932.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874-768x699.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Thomas-and-John-4-e1648660406874-1536x1399.jpg 1536w\" sizes=\"(max-width: 1756px) 100vw, 1756px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-name\">Thomas Poelmans &amp; John Magiro<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-job\">CEO &amp; Technical Lead of Hydrobox<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b61b783 elementor-widget elementor-widget-spacer\" data-id=\"4b61b783\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-617886d7 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"617886d7\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4541cb47\" data-id=\"4541cb47\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6689c736 elementor-widget elementor-widget-spacer\" data-id=\"6689c736\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74bc5d64 elementor-widget elementor-widget-heading\" data-id=\"74bc5d64\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Borrower and Country Profile<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a47aac3 elementor-widget elementor-widget-spacer\" data-id=\"5a47aac3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-37654fc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37654fc1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-4d796a3f\" data-id=\"4d796a3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50004964 elementor-widget elementor-widget-spacer\" data-id=\"50004964\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a48828f elementor-widget elementor-widget-image\" data-id=\"1a48828f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"8120\" height=\"1533\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok.png\" class=\"attachment-full size-full wp-image-30253\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok.png 8120w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok-300x57.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok-1024x193.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok-768x145.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok-1536x290.png 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/HydroBox-Logo-Photoshop2-copy-ok-2048x387.png 2048w\" sizes=\"(max-width: 8120px) 100vw, 8120px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-2aa24f9\" data-id=\"2aa24f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-121880c elementor-widget elementor-widget-text-editor\" data-id=\"121880c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Hydrobox NV<\/strong><br \/>Ulensstraat 86, Box 6 Makani<br \/>1080 Sint-Jans-Molenbeek<br \/>Belgium<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21a74706 elementor-widget elementor-widget-text-editor\" data-id=\"21a74706\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Contact:<\/strong><br \/><span class=\"color_25\">+32 498 610833 <\/span>info@hydrobox.africa<br \/><a href=\"https:\/\/www.hydrobox.africa\/\" target=\"_blank\" rel=\"noopener\">www.hydrobox.africa<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fe97b36 elementor-widget elementor-widget-text-editor\" data-id=\"5fe97b36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt)<\/strong><br \/>Falkstra\u00dfe 5<br \/>60487 Frankfurt<strong><br \/><\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-35ff03c4\" data-id=\"35ff03c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16022503 elementor-widget elementor-widget-text-editor\" data-id=\"16022503\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Kiamahindu Power Station Ltd<\/strong><br \/>\nBuilding: Karen Office Park Hemingways Building<br \/>\nLangata Road<br \/>\nNairobi, Kenya<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-461713cb\" data-id=\"461713cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ef8151 elementor-widget elementor-widget-text-editor\" data-id=\"5ef8151\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>Gitwamba Power Station Ltd<\/strong>\r\nPO Box 306-00502\r\nKaren Office Park Hemingways Building\r\nLangata Road\r\nNairobi, Kenya\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ae7b76a elementor-widget elementor-widget-spacer\" data-id=\"4ae7b76a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71512635 elementor-widget elementor-widget-accordion\" data-id=\"71512635\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1901\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1901\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Get to know the founders<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1901\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1901\"><p><strong>Thomas Poelmans,<\/strong> founder and CEO of Hydrobox, was formerly head of Deloitte&#8217;s Africa consulting practice in Belgium, where he was responsible for a service line that provided financial audits, due diligence, fraud investigations and project management support across Africa. After his time at Deloitte, he began working as an entrepreneur in Africa.<br \/>\nIn 2012, he was one of the initiators of WorldLoop, where he supported the creation of 15 e-waste recycling companies across Africa. In 2015, he co-founded NAM\u00e9 Recycling, a plastic recycling company operating in Cameroon and Gabon. In 2018, he founded Hydrobox.<\/p>\n<p><strong>John Magiro<\/strong>, Hydrobox&#8217;s technical director, grew up in a small village in Murang&#8217;a Kenya, about a 3-hour drive from the capital, Nairobi. During his childhood, no one in his community had electricity. The nearest power pole was 15 km away.  After seeing his mother struggle, he decided to build his first micro hydroelectric power plant using everyday objects. His talent was quickly noticed, so he was able to expand and professionalize the technology by building a weir to channel water to a turbine and generate electricity. <\/p>\n<p>John is the winner of the 2016 Switch Africa Green &#8211; Seed Award, the 2017 East Africa Hub Grant, the 2017 WWF Africa Youth Award, the EDF Pulse Africa Award (2019), and the Business Daily Top 40 under 40 Award (2020).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1902\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1902\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Companies involved<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1902\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1902\"><p><strong>Afrika Emissions 1 UG (limited liability): Issuer and borrower<\/strong><\/p>\n<p>The special purpose entity Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) is based in Germany and acts as issuer and borrower in this project. The task of this special purpose company is to forward the collected money of the crowdinvestors as project loans to the two local project owners Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd. Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) does not carry out any other business activities during the entire term of the loan. Shareholders and directors of Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt) are independent from the project owners and Hydrobox. <\/p>\n<p><strong>Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd: Project companies in Kenya<\/strong><\/p>\n<p>The two project companies Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd are two 100% subsidiaries of Hydrobox Projects BV. The two companies are based in Kenya and act as project companies to build and operate the hydropower plants.<\/p>\n<p><strong>Hydrobox Projects BV: project developer and shareholder of Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd.<\/strong><\/p>\n<p>Hydrobox Projects BV was founded in 2019 and is based in the Netherlands. It is a shareholder in the local project companies such as Kiamahindu Power Station Ltd and Gitwamba Power Station Ltd (100% parent company) and is responsible for the project development and construction of the plants.<\/p>\n<p><strong>Hydrobox NV: holding company and developer of the hydropower plants<\/strong><\/p>\n<p>Hydrobox NV is a holding company established in Belgium in 2018. It is the parent company of Hydrobox Projects BV (100% shareholder). <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1903\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1903\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Organisational structure Hydrobox<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1903\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1903\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40477 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur.png\" alt=\"\" width=\"3089\" height=\"1741\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur.png 3089w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-300x169.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-1024x577.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-768x433.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-1536x866.png 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-2048x1154.png 2048w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20230403_572_2_Hydrobox2_Firmenstruktur-800x450.png 800w\" sizes=\"(max-width: 3089px) 100vw, 3089px\" \/><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1904\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1904\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Country profile<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1904\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1904\"><p>When making investment decisions, it is advisable to find out in advance about the project location, especially the country in which the project will be implemented. To get an overview, the following indicators are a helpful starting point for independent research. The information was retrieved from the relevant data sources in March 2023 and is published without guarantee.<\/p>\n<table class=\"table table-bordered table-striped table-condensed custom\">\n<tbody>\n<tr>\n<th>INDIKATOR<\/th>\n<th>BEWERTUNG KENYA<\/th>\n<\/tr>\n<tr>\n<td>Euler Hermes Ranking<\/td>\n<td>Euler Hermes has rated the risk of non-payment by Kenyan companies as &#8220;sensitive risk&#8221; and rated it C on a scale of AA to D. (Source: Euler Hermes <a href=\"https:\/\/www.allianz-trade.de\/wissen\/handelsrisiken\/laenderrisiken.html\" target=\"_blank\" rel=\"noopener\">Country Risk Map)<\/a><\/td>\n<\/tr>\n<tr>\n<td>OECD Classification<\/td>\n<td>The OECD classifies Kenya&#8217;s general country risk on a scale from 0 (low risk) to 7 (high risk) with 7<\/strong><b> <\/b>(Source: OECD <a href=\"http:\/\/www.oecd.org\/tad\/xcred\/crc.htm\">Country Risk Classification<\/a> and OECD <a href=\"http:\/\/www.oecd.org\/trade\/topics\/export-credits\/documents\/cre-crc-current-english.pdf\" target=\"_blank\" rel=\"noopener\">Ranking 2023<\/a>).<\/td>\n<\/tr>\n<tr>\n<td>Corruption index (Transparency International)<\/td>\n<td>The Corruption Index, published by Transparency International and measured on a basis of 0 (high level of corruption) &#8211; 100 (no perceived corruption), in Kenya is <b>32<\/b> (Source: <a href=\"https:\/\/www.transparency.de\/cpi\/\" target=\"_blank\" rel=\"noopener\">Transparency International 2022<\/a>).<b> <\/b><\/td>\n<\/tr>\n<tr>\n<td>Commercial Bank Prime Lending Rate<\/td>\n<td>The Commercial Bank Prime Lending Rate shows the average annualised interest rate charged by local commercial banks to their most creditworthy customers for new loans in local currency. For Kenya, the Commercial Bank Prime Lending Rate was 12.77% in January 2022. <\/b>(Source: <a href=\"https:\/\/tradingeconomics.com\/kenya\/bank-lending-rate\" target=\"_blank\" rel=\"noopener\">Trading Economics 2023<\/a>).<\/td>\n<\/tr>\n<tr>\n<td>Credit Worthiness (Moody\u2019s)<\/td>\n<td>Moody&#8217;s has rated the creditworthiness of Kenyan government bonds at B2 on a scale of AAA to D, classifying them as speculative (Source: <a href=\"https:\/\/tradingeconomics.com\/kenya\/rating\" target=\"_blank\" rel=\"noopener\">Trading Economics 2023<\/a>)<\/td>\n<\/tr>\n<tr>\n<td>Foreign exchange market (Bundesbank)<\/td>\n<td>In the last five years, the foreign exchange price for the euro in Kenya has increased, five years ago the price was 125.02 Kenya shillings, one year ago it was 127.65 and today the price is 133.93 Kenya shillings <\/b>(Source: <a href=\"https:\/\/www.bundesbank.de\/dynamic\/action\/de\/statistiken\/zeitreihen-datenbanken\/zeitreihen-datenbank\/723452\/723452?listId=www_s331_kes_eur_me&amp;tsId=BBEX3.M.KES.EUR.CA.AC.A01\" target=\"_blank\" rel=\"noopener\">Bundesbank 2023<\/a>).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b409756 elementor-widget elementor-widget-spacer\" data-id=\"1b409756\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f598dc4 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f598dc4\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39b18952\" data-id=\"39b18952\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17686eab elementor-widget elementor-widget-spacer\" data-id=\"17686eab\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38aec1ba gallery-spacing-custom elementor-widget__width-inherit elementor-widget elementor-widget-image-gallery\" data-id=\"38aec1ba\" data-element_type=\"widget\" data-widget_type=\"image-gallery.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-gallery\">\n\t\t\t<div id='gallery-1' class='gallery galleryid-40558 gallery-columns-4 gallery-size-large'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"Team - Muranga based team\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzAyODIsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjJcLzAzXC9UZWFtLU11cmFuZ2EtYmFzZWQtdGVhbS5qcGciLCJzbGlkZXNob3ciOiIzOGFlYzFiYSJ9\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team-1024x683.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team-300x200.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team-768x512.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team-1536x1024.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/03\/Team-Muranga-based-team.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"DSC_0762-min\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDA0OTUsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA0XC9EU0NfMDc2Mi1taW4uanBnIiwic2xpZGVzaG93IjoiMzhhZWMxYmEifQ%3D%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"Hydrobox\" aria-describedby=\"gallery-1-40495\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-1024x683.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-300x200.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-768x512.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-1536x1024.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/DSC_0762-min-2048x1365.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='gallery-1-40495'>\n\t\t\t\tText\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"IMG20210420123321-min\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDA1MDEsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA0XC9JTUcyMDIxMDQyMDEyMzMyMS1taW4tZTE2ODA1NDUwMTkxNjYuanBnIiwic2xpZGVzaG93IjoiMzhhZWMxYmEifQ%3D%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-e1680545019166.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-1024x768.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-1024x768.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-300x225.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-768x576.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-1536x1152.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123321-min-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"Gitugu front view\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6Mzc1MjgsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjJcLzEwXC9HaXR1Z3UtZnJvbnQtdmlldy1lMTY2NTc0NzQ4OTc1OC5qcGVnIiwic2xpZGVzaG93IjoiMzhhZWMxYmEifQ%3D%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-front-view-e1665747489758.jpeg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-front-view-e1665747489758.jpeg\" class=\"attachment-large size-large\" alt=\"\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"Gitugu civil works 1\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6Mzc1MjYsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjJcLzEwXC9HaXR1Z3UtY2l2aWwtd29ya3MtMS1lMTY2NTc0NzUwOTExMy5qcGVnIiwic2xpZGVzaG93IjoiMzhhZWMxYmEifQ%3D%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-e1665747509113.jpeg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-1024x768.jpeg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-1024x768.jpeg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-300x225.jpeg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-768x576.jpeg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1-1536x1152.jpeg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/10\/Gitugu-civil-works-1.jpeg 1707w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"IMG20210420123315-min\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDA0OTksInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA0XC9JTUcyMDIxMDQyMDEyMzMxNS1taW4tZTE2ODA1NDUwNTMzNDAuanBnIiwic2xpZGVzaG93IjoiMzhhZWMxYmEifQ%3D%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-e1680545053340.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-1024x768.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-1024x768.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-300x225.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-768x576.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-1536x1152.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/IMG20210420123315-min-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"38aec1ba\" data-elementor-lightbox-title=\"Team_Hydrobox\" 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https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20220616_105108-min-1536x747.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/04\/20220616_105108-min-2048x996.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8cde12 elementor-widget elementor-widget-spacer\" data-id=\"a8cde12\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eb9b213 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eb9b213\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-23f9576a\" data-id=\"23f9576a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c32c03 elementor-widget elementor-widget-spacer\" data-id=\"1c32c03\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c647a9 elementor-widget elementor-widget-heading\" data-id=\"8c647a9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key figures<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32e5022e elementor-widget elementor-widget-text-editor\" data-id=\"32e5022e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table style=\"height: 313px;\" width=\"377\">\n<tbody>\n<tr>\n<td>Borrower<\/td>\n<td>Afrika Emissions 1 UG (haftungsbeschr\u00e4nkt)<\/td>\n<\/tr>\n<tr>\n<td>Type of investment<\/td>\n<td>Nachrangdarlehen<\/td>\n<\/tr>\n<tr>\n<td>Funding target<\/td>\n<td>EUR 1.078.000<\/td>\n<\/tr>\n<tr>\n<td>Term<\/td>\n<td>8 years<\/td>\n<\/tr>\n<tr>\n<td>Interest<\/td>\n<td>6.5% p.a. (7.5% p.a. for investments within the first 4 weeks)<\/td>\n<\/tr>\n<tr>\n<td>Repayment of loan and interest<\/td>\n<td>annuity<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-618efbfb\" data-id=\"618efbfb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d25b1b7 project_attachments\" data-id=\"d25b1b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-357a09d3 elementor-widget elementor-widget-spacer\" data-id=\"357a09d3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a0d24a5 elementor-widget elementor-widget-heading\" data-id=\"5a0d24a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Documents<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f7a4560 elementor-widget elementor-widget-html\" data-id=\"4f7a4560\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n    \/* additional project attachments page CSS *\/\r\n\r\n    .preact-app-project-documents {font-family: \"Fira Sans\", Sans-serif;}\r\n<\/style>\r\n<div class=\"react-app-project-documents\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b41a8bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b41a8bb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7eb37393\" data-id=\"7eb37393\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-40077075 elementor-widget elementor-widget-html\" data-id=\"40077075\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n\/* additional project page CSS *\/\r\n    \r\n    .rich-header {\r\n        border: 10px solid red;\r\n        display: none !important;\r\n    }  \r\n    .bettervest_project_header {\r\n        background: #FFF !important;\r\n        padding: 0;\r\n        margin: 0;\r\n    }\r\n    .bettervest_project_header .elementor-column-wrap{\r\n        background: #FFF !important;\r\n        padding: 0 !important;\r\n        margin: 0 !important;\r\n    }\r\n    @media only screen and (min-width: 1100px) {\r\n        #nz-content:not(.padding-false) {\r\n            margin-top: -35px !important;\r\n        }\r\n    }\r\n    .bettervest #project .stage {\r\n        height: auto !important;\r\n        min-height: 565px;\r\n    }\r\n    #howtoBtn {\r\n        color: #FFF !important;\r\n    }\r\n    \r\n    .ant-btn[disabled] {\r\n        background: rgba(255,255,255,.5) !important;\r\n        padding-left: 15px!important;\r\n        padding-right: 15px!important;\r\n    }\r\n<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bring clean electricity from environmentally friendly river hydropower to Kenya for businesses and homes, avoiding 1,000 tons of CO2 per year! https:\/\/youtu.be\/gNUICfuSw0Q Video from March 2023. You can select German subtitles in the lower right-hand corner of the video. Notice pursuant to Section 12 (2) of the German Investment Act (Verm\u00f6gensanlagengesetz): The acquisition of this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21948,"parent":20046,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":""},"class_list":["post-40558","page","type-page","status-publish","has-post-thumbnail","hentry","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1 - 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