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Absa teams up with Motsepe’s African Rainbow Energy and Power to launch investment platform for renewable energy

Absa Group is joining forces with billionaire Patrice Motsepe’s African Rainbow Energy and Power to create a renewable energy investment platform for the continent. Absa will transfer its R5 billion in energy assets and R500 million in cash to AREP’s billion rand to create the new entity. David Renwick, Head of Investment Banking at Absa Cooperate and Investment Banking joins CNBC Africa for more.
Fri, 06 Aug 2021 11:12:25 GMT
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