African Rainbow Energy & Power (AREP) and Absa have launched a green energy fund called African Rainbow Energy (ARE) with R6.5bn in assets.
Absa will invest R500m in cash and transfer R5bn of its existing renewable energy assets to ARE.
AREP was founded by Patrice Motsepe.
@amnestyusa No, not when analysing the world through class and material conditions. Some inherit obscene wealth while others suffer lifetimes in poverty.