In 2013, CDC invested $10.8 million into the Actis Sunrise Development.
Our investment will facilitate the building of a mixed-use development in Ghana.
Rapid urbanisation and population growth are boosting the number of people in Africa's cities and driving the demand for real estate, both business and residential. Mixed-use developments have been able to help meet this demand.
Our investment has enabled Actis to create The Exchange, a mixed-use urban development close to Ghana’s Kotoka International Airport.
The Exchange will incorporate office, residential and retail space alongside a hotel.
The project is under development and has created jobs during the construction stage. Up to 90 per cent of the work has been sub-contracted to local companies, helping to boost employment and support the local economy.
Environmental and social aspects
With technical and financial support from CDC, The Exchange was able to achieve IFC EDGE certification for its hotel and residential units.
This resulted in reductions of between 22 and 30 per cent across energy, embedded energy, and water in materials at both sites.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, West Africa
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.
- Construction and real estate
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- 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 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.