BII, Alexforbes make R1bn investment in Revego Africa Energy Fund

UK development finance institution British International Investment (BII) and financial services firm Alexforbes have each made a R500-million investment into renewable assets investment management firm Revego Africa Energy Fund. The funding will allow Revego to expand its portfolio of ten renewable-energy projects across South Africa and invest in new, high-quality renewable-energy assets that support South Africa’s energy transition.