News

CDC appoints new Managing Director for Africa Funds

14 May 2013

CDC has appointed Ayaan Adam as the new Managing Director for its Africa funds team

CDC sells majority stake in DFCU bank, Uganda

3 May 2013

CDC, the UK's development finance institution, is today announcing that it is selling a portion of its 60.02% shareholding in the Ugandan bank, DFCU...

CDC signs agreement with Standard Chartered

3 May 2013

CDC and Standard Chartered Bank strike deal to boost trade finance in Africa and South Asia

CDC has announced its 2012 annual results

26 April 2013

CDC has announced its 2012 annual results. We now back more businesses than ever in our history, supporting over one million direct jobs. Returns were up to £223m.

CDC has given US$20m backing to Au Financiers

16 April 2013

CDC has given US$20m backing to Au Financiers, allowing them to support Indian entrepreneurs and provide financial services to parts of India underserved by commercial banks

 

New Business Integrity Unit

7 March 2013

CDC has announced the establishment of a new Business Integrity unit. The new unit will be headed by Barry Lawson, a solicitor with over 20 years’ experience in the private equity field. Functions...

CDC Invests US$40m to build one of Africa's leading fertiliser plants

1 March 2013

CDC invests US$40m to build one of Africa's leading fertiliser plants

CDC is backing the first fund solely dedicated to providing loan finance to companies in sub-Saharan Africa....

11 February 2013

CDC is backing the first fund solely dedicated to providing loan finance to companies in sub-Saharan Africa...

Joint IFI Communique on Jobs

15 January 2013

CDC met with a group of International and Development Finance Institutions at the IFC Jobs Conference and issued a communiqué.

CDC Announces New US$20m Investment in Housing Fund for East and Southern Africa

20 December 2012

US$20m invested by CDC to support housing in Africa

 

CDC to manage DFID Impact Fund

7 December 2012

DFID has asked CDC to manage its new Impact Investment Fund, and CDC is now requesting proposals from fund managers, holding companies, non-profit organisations and other investment vehicles for investment...

CDC takes first step in new strategy

26 November 2012

CDC's first direct investment under its new strategy announced in September is the provision of US32.5m to the founders of ETG, an African agribusiness helping hundreds of thousands of smallholders sell...

CDC Announces New Strategy

13 September 2012

CDC has launched its new strategy and mission to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to the lives of people in some of the...

CDC makes new appointments

24 August 2012

CDC Group plc, the UK's development finance institution has made a series of new appointments.....

CDC backs African SMEs

31 July 2012

CDC has announced a new EUR 10m investment targeting SME businesses in developing countries in West Africa and the Indian Ocean region.

 

Boost for SMEs

24 July 2012

Aureos, an SME-focused investment company which CDC supported from its inception, has been bought by Abraaj, a leading player in emerging markets private equity investing. Read more here...

CDC appoints new Chief Operating Officer

4 July 2012

CDC Group plc, the UK’s development finance institution, has appointed Colin Buckley as its new Chief Operating Officer.

CDC Announces 2011 Results

29 May 2012

CDC Group plc has announced its 2011 results. Figures show that it now finances more businesses than ever in its 64-year history. In 2011, CDC backed 1,126 private sector businesses in 74 developing countries...

CDC invests in first ever Ethiopia-focused fund

9 May 2012

CDC is today announcing a new US$15m investment in SGI, an Ethiopia-focused investment fund that is backing SMEs in Africa's second largest country.....

$50m Investment in Geldof-Backed Fund

5 April 2012

CDC has announced a new US$50m investment in a pan-African fund backed by Sir Bob Geldof, 8 Miles LLP. The fund will take equity stakes in promising businesses in a range of sectors, having reached a...

 

Sustainable Palm Oil Report

4 April 2012

A new joint study from CDC, FMO and WWF shows economic benefits of sustainable palm oil. Protecting the environment by producing certified sustainable palm oil is also good for the bottom line, according...

CDC and IFC boost collaboration

13 March 2012

CDC and IFC today agreed to boost collaboration on private sector development.

CDC announces US$40m investment to strengthen African banks and microfinance

17 February 2012

CDC announces US$40m investment to strengthen African banks and microfinance

CDC appoints new Managing Director for Direct Investments

6 February 2012

CDC appoints new Managing Director for Direct Investments

CDC Becomes IATI Signatory

30 November 2011

CDC Group plc, the UK’s development finance institution, has become the latest signatory to IATI. CDC’s announcement means a strengthening of the company’s commitment to transparency and accountability....

 

CDC announces new CEO

5 November 2011

CDC, the UK’s development finance institution (DFI), has appointed Diana Noble as its new Chief Executive Officer. Following the announcement of a new business plan in May, she will lead the company as...

CDC backs first ever fund targeting India's eight poorest states

24 October 2011

CDC to anchor first ever fund targeting India’s eight poorest states

New CDC investment to support African agribusiness

3 October 2011

Farming and agribusiness in sub-Saharan Africa will receive a significant boost as CDC, the UK’s development finance institution, today announced a US$20m investment in the sector.

International Finance Institutions Critical for Job Creation in Emerging Markets

23 September 2011

A new report finds that international finance institutions play a key role in catalysing job creation and growth through the private sector in emerging markets, particularly as governments face increased...

DFID and CDC announce new business plan for CDC

31 May 2011

A radical new business plan for CDC has been announced today following the review of the organisation and its activities undertaken last year by the Secretary of State for International Development, Rt...

 

CDC returns up 30% to £269M- New Investment levels rise 17% to £420M

18 April 2011

Figures released today show that CDC Group plc (CDC), the UK’s development finance institution, increased the level of its investment in developing countries to £420m for the year.

CDC appoints new Non-executive Director

1 April 2011

CDC Group plc has today announced the appointment of Jeremy Sillem as a Non-executive Director. Mr. Sillem joins the board following the departure of Andrew Williams and Arnab Banerji who left the board...

European development finance institutions join forces to fight climate change

28 February 2011

Agence Française de Développement, have agreed to jointly finance climate change and climate efficiency projects.

CDC announces retirement of Chief Executive

18 February 2011

CDC Group plc, the UK’s development finance institution, has announced that Richard Laing, Chief Executive, has advised the company of his intention to retire in early 2012.

CDC to invest more in green energy in developing countries

11 February 2011

Clean energy projects in sub-Saharan Africa and South Asia will receive more investment thanks to EUR30million of new funding announced today by CDC Group plc, the UK’s development finance institution...

 

African infrastructure to get US$30 million CDC investment

26 January 2011

CDC, the UK’s Development Finance Institution, has today announced a US$30 million investment in the African Infrastructure Investment Fund 2, an equity investment fund committed to developing basic infrastructure...

New CDC investment to benefit businesses in Bangladesh

21 December 2010

CDC Group plc, the UK’s development finance institution has today announced a US$10 million investment in the first private equity fund dedicated to Bangladesh.

European Financing partners replenished with 225 million

8 December 2010

The European Investment Bank (EIB) and the European Development Finance Institutions (EDFI) today agreed to replenish the co-financed facility EUROPEAN FINANCING PARTNERS with €225 million to finance...

CDC to back SMEs in West Africa with €8M investment

17 November 2010

Small and medium-sized businesses in Francophone West Africa will receive much-needed commercial investment thanks to an 8 million Euro investment announced today by CDC, the UK’s development finance ...

CDC to boost microfinance industry in India with US$10m investment

25 October 2010

Low-income entrepreneurs in India received financial backing today when CDC, the UK’s development finance institution, announced a US$10m investment in Lok Capital II, a pioneering commercial microfinance...

 

CDC invests US $12.6M in fund backing indian entrepreneurs

12 October 2010

CDC Group plc has announced today that it has committed US$12.6m to Seedfund 2, an investment fund that backs start-up and early-stage companies in India, in the consumer, technology, retail and education...

Our response to today’s statement on CDC reform from the Secretary of State for International Development

12 October 2010

“Pioneering investment has long been a hallmark of CDC. The development impact of our investments in sustainable businesses via private equity funds has been profound and the lives of millions of people...

CDC Expenses – response to media reports, 13 September

13 September 2010

CDC is the UK’s development finance institution and is playing a vital part in the UK government’s development work and has done so for over 60 years.

Private Eye and CDC: A different view

8 September 2010

The fight against poverty in the developing world has often seen fierce debates anddisagreements about the best way to tackle the problem.

CDC backs Indian businesses with US$30m commitment to investment fund

27 July 2010

The fight against poverty in the developing world has often seen fierce debates and disagreements about the best way to tackle the problem.

 

CDC Development Review 2009 highlights importance of responsible investment in developing companies

17 June 2010

New research into companies in the developing world published today by CDC, the UK’s development finance institution, shows a strong link between good financial performance and good environmental, social...

CDC appoints Non-executive Director

3 June 2010

CDC Group plc, the UK’s development finance institution, has today announced the appointment of Valentine Chitalu as a Non-executive Director.

CDC backs the first sustainable forestry fund for Africa

2 June 2010

CDC, the UK’s development finance institution, has today committed US$50m to the first private equity fund to focus solely on sustainable forestry in sub-Saharan Africa.

CDC increases returns in 2009 and invests £359M despite global downturn

20 April 2010

Preliminary figures released today show that CDC Group plc (CDC), the UK’s development finance institution in 2009 made a return of £207m and invested £359m in businesses in developing countries.

CDC appoints new Non-executive Director

30 March 2010

CDC Group plc, the UK’s development finance institution, has today announced the appointment of Dr Ian Goldin as a Non-executive Director.

 

CDC commits US$10m to ShoreCap II microfinance fund

26 January 2010

CDC Group plc (“CDC”), the UK’s development finance institution is committing US$10m to fund manager ShoreCap Management’s (“ShoreCap”) microfinance fund ShoreCap II (“SC II”).

The UK’s Development Finance Institution, CDC Group, pioneers investment in Sierra Leone CDC

13 November 2009

CDC Group plc (“CDC”) has today become the first development finance institution to make a private equity investment focused solely on Sierra Leone since the end of the country’s civil war in 2002.

CDC launches its first annual development impact report

15 July 2009

CDC Group plc, the UK’s development finance institution, today launched its first report on the development impact of its investments in poor countries.

Five years of success as CDC outperforms against all UK government targets

17 April 2009

Figures released today show that CDC Group plc , the UK’s development finance institution, has outperformed against all the targets set for the five years to 2008 by the Department for International D...

CDC to invest US$15m in Advanced Finance Investment Group’s inaugural fund

1 April 2009

CDC Group plc, the UK’s development finance institution is investing US$15m in Advanced Finance Investment Group’s (AFIG) inaugural fund - Atlantic Coast Regional Fund.

 

CDC Group plc, Shell Foundation and GroFin join forces to put ‘growth finance’ investment at centre stage for the next decade

3 March 2009

CDC, joined forces today with the Shell Foundation charity and African SME finance and development company GroFin.

CDC invests in two microfinance emerging market funds bringing better access to financial services

17 February 2009

CDC Group plc, is making new commitments totalling US$35m to two private equity funds which will invest in microfinance institutions (MFIs).

CDC Group plc commits US$40m to Indian fund focussing on developing small and mid sized companies

3 February 2009

CDC Group plc (“CDC”), the UK government-backed private equity emerging markets fund of funds investor, is committing US$40m to the Kotak India Private Equity Fund.

CDC Group plc commits US$40m to SMEs in south-east and central Asia

20 January 2009

CDC Group plc is making new commitments totalling US$40m to two private equity funds focused on investment in small and medium-sized enterprises (SMEs) in south-east and central Asia.

CDC welcomes national audit office report

5 December 2008

CDC Group plc (“CDC”), the UK’s development finance institution, which invests in promising private businesses in developing countries, welcomes the National Audit Office’s conclusions about CDC’s performance...

 

Invitation for Submission of Expressions of Interest (“Invitation”)

28 November 2008

CDC Group plc, is seeking preliminary proposals from fund managers for the formation and management of a commercial forestry fund that will invest 100% of its committed capital in sustainable forestry...

CDC Welcomes new investment policy targets and the announcement of new chairman

3 November 2008

CDC Group plc, welcomes the new investment policy targets announced today by the Government and the appointment of a new CDC Chairman, Richard Gillingwater.

Sir Malcolm Williamson to step down as Chairman of CDC Group plc

2 September 2008

Sir Malcolm Williamson has announced he will retire as Chairman of CDC Group plc, the UK government’s development finance institution.

CDC Invests in Minlam Microfinance Local Currency Fund

17 October 2007

CDC Group, the UK Government-backed private equity emerging markets fund of funds investor, today announces it has committed $30 million to the Minlam Microfinance Offshore Fund.

CDC Commits US$50m to Helios, a New African Fund

26 November 2006

CDC, the UK government-backed emerging markets private equity fund-of-funds, announces that it has committed $50m to a new African Fund managed by Helios Investment Partners.

 

Early Stage Funding Gap Emerging in African Private Equity

1 November 2006

An increasing focus on later stage private equity investments in Africa is creating an early stage funding gap, according to the latest research published today by the African Venture Capital Association,...

Canada Investment Fund for Africa

12 December 2005

Today the pan-African Canada Investment Fund for Africa (CIFA) was launched in the presence of H E Mr John Agyekum Kufuor, President of the Republic of Ghana, in Accra.