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16 Nov 2022

African Development Bank invests $20 million in private equity fund targeting renewable energy projects in sub-Saharan Africa

The Board of Directors of the African Development Bank Group today approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year...

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Independent Development Evaluation, African Development Bank
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