Bono fund invests in African firm

Wilderness Holdings is listed on the Botswana and Johannesburg stock exchanges

26th July, 2018
Bono helped start The Rise Fund last year with private equity group TPG. Photo: RollingNews.ie

The Rise Fund, a €1.6 billion social impact fund co-founded by U2 frontman Bono, has bought 34 per cent of ecotourism business Wilderness Holdings.

Wilderness is listed on the Botswana and Johannesburg stock exchanges and has a market capitalistion of about €100 million.

Bono helped start The Rise Fund last year with private equity group TPG, raising €1.6 billion to focus on commercial projects capable of having a social environmental impact.

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