Companies UBS Group AG FollowZURICH, July 20 (Reuters) - British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS' philanthropic arm and non-profit Bridges Outcomes Partnerships, UBS (UBSG.S) said on Thursday.
Initial investments in the initiative, focused on delivering Sustainable Development Goal-aligned outcomes, would support government-backed initiatives to support education in Sierra Leone and Ghana, as well as a social enterprise to re-sell and recycle plastic waste in Nigeria, UBS said in a statement.
Reporting by Brenna Hughes Neghaiwi, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.
Persons:
Brenna Hughes, Friederike Heine Our
Organizations:
UBS Group, UBS, Thomson
Locations:
Sierra Leone, Ghana, Nigeria