Sage Grey targets carbon cuts, jobs with $10m fund

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.
The firm also said the fund is expected to divert up to 50,000 metric tonnes of waste from landfills, while 30 per cent of the financing has been reserved for women-led enterprises.
The facility, unveiled in Lagos in partnership with the Circular Business Platform and Perazim Impact Consulting, with support from the Consulate General of the Netherlands, is aimed at addressing the persistent lack of affordable financing f...