Lift Global Ventures PLC - financial media and energy sector focused investor - Says its portfolio firm Trans-Africa Energy gets funding of GBP12 million. Says funding is from African investor in the energy sector . Chief Executive Officer Zak Mir comments: "We are delighted to be informed of this funding into TAE. There is no doubt that energy infrastructure is the next key step for African oil and gas producing countries by investing in infrastructure; the proposed projects that TAE are developing in aim to alleviate energy poverty, ensure energy security and strengthen regional energy access."
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By Sabrina Penty, Alliance News reporter
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