Our investment in this latest fund will be instrumental in accelerating job creation, facilitating sustainable employment, and supporting the recovery from the COVID-19 pandemic by boosting economic growth across the continent. The investment is also aimed at supporting efforts to mobilise capital to African businesses and continued investment in companies across the continent.
Sustain and create economic opportunities (SDG 8.5).
CDC’s investment will support the manager to weathering the COVID-19 crisis, so it can remain a key source of capital and expertise for growing African business, sustaining an important channel for equity investment across some of the continent’s largest economies post-crisis. If the fund succeeds at generating returns that are attractive to commercial investors, it can position the manager to mobilise additional capital in the medium to long-term.
The investment will support the fund in generating business growth, productivity and job creation.
Pan-Africa with a likely focus on a cohort of core countries including Nigeria, Kenya, Morocco and Egypt and regional focus (Francophone West and East Africa).
Variable subject to sector and business model.
To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.
Environmental and social aspects
We are working closely with the fund manager to improve its existing environmental and social management system (ESMS), including delivering an action plan.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
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.
- Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Helios Investment 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
- June 2020
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.
- Cayman Islands
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
Thunes is a platform that enables the fast transfer of funds between different payment systems and different countries.
|Africa, Rest of the World||Financial services||July 2020||Active|
Africa Speciality Risks
ASR is an insurance company tha provides risk mitigation solutions to local and global customers across the African continent.
|Africa||Financial services||September 2020||Active|