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South Africa: Investec, UKCI invest in renewable energy vehicle
Investec Bank Ltd and United Kingdom Climate Investments (UKCI) are investing R500m ($36.5m) each in a new renewable energy investment vehicle called Revego Africa Energy Ltd. The fund will be managed by Revego Fund Managers Ltd, a new majority black-owned fund manager which has Investec as the anchor investor. Revego aims to list on the Johannesburg Stock Exchange in H1 this year with a target valuation of R2bn.
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