Renewables: Bank of America, Facebook, Shell et al join responsAbility’s new fund
The Swiss investment company, which has over $3bn of assets under management, has teamed up with a number of partners for its latest renewables investment vehicle.
21/01/2020 at 14h17, by Aurelie Benoit
For this new fund, Zurich-based responsAbility Investments AG has already achieved a first closing at more than 75% of its final target of $151m out of $200m. A wide variety of investors have committed to the Swiss asset manager’s new vehicle, both institutional investors such as FMO, IFC, Norfund, EIB and the government of Luxembourg, as well as private investors including Shell Foundation, Bank of America, Facebook and the pan-African venture capital company AHL Venture Partners.
Recommended articles
Private Equity
11/09/2022 at 13h25, by Africa Business+
Kenya, Egypt, Namibia, Botswana – main beneficiaries of the impact fund responsAbility
The Swiss-based impact fund has just financed a sixth project in Botswana. The ongoing investments of...
Oil & Gas
24/08/2021 at 17h10, by Africa Business+
Shell-Nigeria case stalls at ICRID with the rejection of arbitrator
The prospect of a quick settlement between the Dutch oil and gas giant and the West African state is...
Advisory
16/02/2021 at 17h00, by Africa Business+
Shell’s royal flush to make Abuja fold to ICSID
Accused of having caused an oil spill during the Biafran war, the oil major brought the case before...
Renewable energies
27/11/2020 at 15h41, by Africa Business+
Eric Scotto pursuing Ethiopian investments for renewables focused Akuo Energy
Ethiopia, Tanzania, Botswana, Mozambique… The independent power producer reveals its ambitious continental...
Bank
05/06/2020 at 17h11, by Africa Business+
Bank of Africa increases its stake to 78% in Ugandan subsidiary
The transaction was carried out via a share exchange with FMO, but was spurred in particular by AFH’s...
Telecoms
19/05/2020 at 18h10, by Africa Business+
Who led Facebook’s investment in the new 2Africa subsea cable?
Three Americans and one Mauritanian managed the group’s investment in the new 2Africa submarine fibre...