Havaic will aid Uhuru Energy in an advisory role in UHURU's first capital raising initiative. The focus of this round of fundraising would be to facilitate the progression of certain projects in the Uhuru project pipeline through the approval phase.
Uhuru has identified the opportunity provided by biomass as the primary feedstock for any form of energy, particularly across Africa, given the extreme shortage and attendant high costs attaching to energy. This forms the basis of UHURU's Renewable Energy solutions, and converges with the increasing focus of climate change alleviation together with the imperatives driving sustainable economic and social development.
Mark Kaplan, CEO of Uhuru, believes that the opportunity for Uhuru in engaging large-scale energy users is driven by the attractive economics relative to fossil fuel-based energy, long-term cost stability and energy supply reliability, all of which has been responsible for the emergence of biomass-to-energy as mainstream in Europe and North America.
Through its past experiences Havaic will enhance Uhuru’s capital raising endeavors by providing UHURU with in-depth analysis and comprehensive articulation of the UHURU business case in providing credible substantiation of the investment opportunity and benefits to prospective investors.