SUBSIDIARY NAME
JUBILEE LAKES
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
51% IIB-DG
ACQUISITION DATE
JULY 15,2021
ACQUISITION VALUATION
$220 MILLION USD
TOTAL ASSET VALUATION
2.2 BILLION USD
ENERGY-OIL-REFINERY-GAS
JUBILEE LAKES: IIB-DG acquired The Jubilee Lakes Residential and Solar Project in July 15, 2021 for the purpose of implementing, building, roll-out, with the specific intent of addressing job creation, poverty alleviation and economic development in the Region. The project will also focus on the development of roads, houses, golf course with related amenities, wave park, water, electricity and critical infrastructure projects.