Black-owned businesses need to grow their own dividend streams to channel greater profit share towards business growth. Picture: SUPPLIED/RMB
Pele Green Energy, a 100% black-owned IPP that develops, owns, procures and manages c.900MW of renewable energy projects, is a case in point. In round one of the REIPPP programme, Pele was able to structure a deal with an independent power producer, secure equity finance from the international technology provider, and gain entry into the sector.
“We chose to partner with RMB on this project because of their partner-based approach and ability to navigate complex transactions,” she said. RMB acted as the sole arranger, structurer and funder for the transaction.
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