RMB joins hands with KOKO to advance clean energy solutions in Africa

Rand Merchant Bank (an investment banking business) announced last week a strategic partnership with KOKO (a company that operates within the energy, climate, media, and retail sectors). RMB acted as the lead mandated arranger and financier for a new carbon financing solution, that will help further widen KOKO’s climate objectives.

KOKO said in a release that it will lead a continent-wide energy transition to clean and modern fuels. Over 900 million people in Africa cook with charcoal, emitting greenhouse gases, directly driving deforestation, and causing deaths from household air pollution.