Sage Grey targets carbon cuts, jobs with $10m fund
According to the company, the fund will provide structured debt financing, technical assistance and governance support to startups and small and medium-scale enterprises engaged in recycling, waste-to-value solutions, renewable energy, green manufacturing and other circular economy businesses.
Sage Grey said the initiative builds on its experience financing circular economy ventures, including FREEE Recycle, and is designed to institutionalise impact investing in Nigeria through stronger governance, independent oversight and rigorous impact measurement.
By Dickson Omobola Financial institution, Sage Grey Finance Limited, has committed $10 million to a Circular Economy Impact Fund, CEIF, to finance 120 businesses, create more than 3,000 direct and indirect jobs, and cut carbon emissions by over 10,000 metric tonnes.
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