Bono fund invests in African firm
Wilderness Holdings is listed on the Botswana and Johannesburg stock exchanges
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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