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Day: September 22, 2019

New private equity fund to invest in sustainable energy in Nigeria

Energy Worth03 mins

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF). This new private equity fund has been developed by Nigerian impact investment firm, All On. NEAF will make strategic investments in sustainable energy…

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Amazon makes largest ever electric vehicle purchase

Energy Worth08 mins

Amazon’s Jeff Bezos is betting big on startup Rivian Automotive by placing the largest-ever electric vehicle purchase order in automotive history. The Michigan-based startup will be building and delivering 100,000 electric vans to Amazon over the next decade. The first 10,000 will start hitting roads in 2021 and completing the delivery the next year, with all 100,000…

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