Afrexim Bank Trade Finance MRPA

Africa Financial services

  • Active
  • Exited

We are invested in Afrexim Bank Trade Finance MRPA through Ninety One Africa Credit Opportunities Fund (Investec), which is managed by Investec Asset Management.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

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
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.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Ninety One Africa Credit Opportunities Fund (Investec)
Fund Manager:
Investec Asset Management
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 2017
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Egypt

Our investment

In 2018, we made a commitment of $100 million to Afreximbank in the form of a risk sharing guarantee programme to promote trade across Africa.

Expected impact

The facility will provide working capital to medium and large businesses in sub-Saharan Africa countries enabling confirming banks to increase their risk appetite.

Trade Finance supports the supply of inputs, typically commodities but also capital equipment, for industrial businesses in developing countries from their usually international supply chains.

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
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.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Debt
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 2018
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.

:
$100m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Egypt