Billionaire, visionary and Industrialist, Mandla Lamba has pledged to take Africa off the current unreliable electric grid and provide a dependable alternative power grid through innovation and AI technology at Agilitee for both businesses and households.
According to Dr. Lamba, the system is developed by Agilitee in partnership with his Green EV Battery Manufacturing company, A7 Squared with the former developing the technology and the system, whereas the latter is developing the energy storage systems for both households and businesses.
“Agilitee has completed building its off-grid electric system for both households and businesses across the continent” the charismatic Billionaire Mandla Lamba said.
“The household system can generate and store up to 150kw and looking at a daily average household consumption 11 – 13kw per household per day” Dr. Lamba explained.
According to the African Development Bank-AFDB statistics, over 640 million Africans have no access to energy, corresponding to an electricity access rate for African countries at just over 40 percent, the lowest in the world.
Dr. Lamba said this, coupled with a sustained failure by power utilities such as South Africa’s Eskom and Zimbabwe’s Zesa which are struggling to supply power resulting in crippling power outages, have compelled Agiitee to research, innovate and come up with an off grid solution.
Agilitee which is the first Electric Vehicles, Green Tech and AI company in Africa and the first black owned in the world is currently undergoing an IPO on the Johannesburg Stock Exchange-JSE.
“The IPO values Agilitee at $20 billion which is about 320 billion South African Rands, of which i own 77.5% in Agilitee his shares worth $15.5 billion, equivalent to 260 billion South African Rands and it is advised by AcaiaCap Advisors which is a Johannesburg Stock Exchange approved sponsor for the JSE’s main board” Dr. Lamba said.
“Agilitee is seeking to have its shares traded through AcaiaCap Advisors which was responsible for the JSE listing of Areit Prop Limited, a very unique Property Reit that listed on the Johannesburg Stock Exchange’s main board and counted as the Second listing on the Exchange in 2022.
This listing happened in the second week of January this year.
For the continent, access to energy is crucial not only for the attainment of health and education outcomes, but also for reducing the cost of doing business and for unlocking economic potential and creating jobs in Africa.
Agilitee has since developed a weather friendly and conducive system to generate and store energy even during bad weather.
“This for Africans, is not what Agilitee & A7 Squared are bringing but the how of it is the most interesting part. To take an average home off-grid would cost not less $20, 000 but what Agilitee has done must be commended as the Company installs this system in your house at its own cost and the purchaser only pays half of their electricity bill and that amount is treated as a repayment for the system until they finish paying for it and own it” he disclosed.
“The company has even considered that the electricity bill changes every season, so this has been catered for because you pay half of the bill that you usually pay each season which means the company will require your payment records for each season in order to calculate your half each season, ” Lamba further said.
Agilitee is installing these from the 1st of September 2022 and the pre-orders opened on Wednesday July 13, 2022 for those who want to escape power outages in Africa.