Our investment
Our investment in MCP III will support well-established local firms that demonstrate strong potential for growth. Investments in these businesses will provide the capital and expertise to support expansion and will help create new direct and indirect jobs, particularly for semiskilled/unskilled workers in a region where youth unemployment is a particular challenge.
| Impact |
|---|
Support economic opportunities by creating jobs (SDG 8.5). |
|
|
| How? |
|---|
|
CDC's investment in MCP III will support the fund to invest in 8 to 12 companies supporting these companies growth and creating jobs. |
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Employees |
North Africa and Francophone West and Central Africa (Morocco, Tunisia, Algeria, Egypt, Senegal, Cote d'Ivoire, Cameroon) |
Primarily low-income. |
| Grid Score | Contribution |
|---|---|
|
1.8-2.3
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. |
|
| Risk |
|---|
|
Environmental and social aspects
We continue to support the fund manager in the implementation of its robust environmental and social management system (ESMS), particularly in managing specific risks associated with this sector.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, North Africa
- Sector
:
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, Health, Manufacturing, Other consumer services
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Mediterrania Capital Partners Limited
- 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
- November 2017
- Amount
:
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.
- $25m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Cairo Scan | Egypt | Africa, North Africa | Health | January 2018 | Active |
| Cofina | Cote d'Ivoire | Africa, West Africa | Financial services | March 2018 | Active |
|
Aziza
Aziza is one of the top four supermarket chains in Tunisia with 250 shops located across the country. |
Tunisia | Africa, North Africa | Other consumer services | June 2019 | Active |
|
TGCC
Travaux Généraux de Construction de Casablanca (TGCC) is a leading general contractor specialising in construction and public works in Morocco and sub-Saharan Africa. |
Morocco | Africa, North Africa | Manufacturing | July 2019 | Active |
|
Akdital
Akdital Holding is a private health group in Morocco - it owns five private clinics in Grand Casablanca and plans to open two other hospital complexes in El Jadida and Tangier between 2020 and 2022. |
Morocco | Africa, North Africa | Health | March 2020 | Active |
|
MetaMed
MetaMed is an Egypt-wide chain of advanced private radiology and diagnostic imaging centres consisting of 20 centres located between MarsaMatruh on the western border to Ismailia in the East. In its centres MetaMed offers the full range of diagnostic imaging services including nuclear medicine. Additionally, the company has introduced the concept of Women Healthcare Diagnostics to the Egyptian market through two centres in Cairo. |
Egypt | Africa, North Africa | Health | March 2020 | Active |
