In 2013, CDC invested $30 million into European Financing Partners V, as part of an overall investment round of €225 million to replenish the EFP and provide fast track access to finance for new projects in the ACP group of states.
Since its inception, EFP has financed projects in 15 ACP countries in several key sectors, including health, industry, power, financial intermediaries, communications, agribusiness, and air transport.
The partnership also provides strategic advice and support.
These investments will foster economic growth, including supporting entrepreneurs in these emerging markets, and lead to an overall reduction in poverty.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Rest of the World
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Communications and IT Services, Financial services, Infrastructure
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- European Financing Partners
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- September 2013
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
EFP V – Skye Bank
Skye Bank in Nigeria provides financial products for children and young people with a strong impact on their inclusion in enomplyment of financial services and future educational options.
|Nigeria||Africa, West Africa||Financial services||September 2014||Active|
Fidelity Bank is one of the leading banks in Ghana, with a network of 45 branches and more than 1500 employees.
|Ghana||Africa, West Africa||Financial services||September 2014||Active|
Chase Bank (Kenya)
Chase Bank (Kenya) Ltd places a keen focus on the small and medium sized enterprise sector and the provision of innovative products for this market.
|Kenya||Africa, East Africa||Financial services||December 2014||Active|
Stanbic Bank (Zambia) is a wholly-owned subsidiary of Standard Bank Group and is the second largest bank in Zambia in terms of total assets. The loan from CDC will be used for on-lending to Stanbic’s customers where there is a high foreign exchange business need to support exports.
|Africa||Financial services||April 2015||Exited|
Helios Towers DRC
|Democratic Republic of Congo||Africa, Central Africa||Communications and IT Services||July 2015||Exited|
Mobisol is a clean off-grid energy start-up cpmpany which offers solar home systems generating enough power to light up homes, charge mobile telephones and operate electrical applicances.
|Tanzania||Africa, East Africa||Infrastructure||September 2015||Active|
Eaton Towers – EFP V
Operational since 2010, Eaton Towers is a leading, independent telecom tower company in Africa. It acquires, builds and manages shared telecom infrastructure, leasing it to mobile operators. The company is focused exclusively on Africa with more than 5000 towers in 7 countries.
|Niger||Africa, West Africa||Communications and IT Services||September 2016||Exited|
Olkaria IV is the new expansion of Olkaria III (originally a 48MW geothermal power plant located in Kenya) designed to increase the total capacity from 110MW to 139MW.
|Kenya||Africa, East Africa||Infrastructure||December 2016||Active|
Ghana Home Loans
Ghana Home Loans is a full service mortgage finance house. Its five main products are First Time Buyers, Buy To Let, Equity Release, Refinance and Home Completion.
|Ghana||Africa, West Africa||Financial services||January 2017||Exited|