Irish charity plans to raise €50m

Vita to invest in Eritrea and Ethiopia

23rd December, 2016
Dermot Byrne is chairman of Vita

An Irish charity will next year unveil plans to raise up to €50 million for ‘social investment’ in Eritrea and Ethiopia.

Vita, which implements low carbon and sustainable technologies in Africa, has launched a dedicated investment product which promises a 10 per cent return on investment over a five-year period.

The minimum investment is €50,000, and the charity has already raised €2 million in this way. It invests the money in low-carbon stoves, solar...

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