In 2016, CDC and Standard Chartered signed a risk participation agreement to support new working capital lending of up to $30 million to businesses in Sierra Leone.
This followed a 2015 risk participation agreement where both organisations had agreed to provide working capital lending of up to $50 million ($25 million each) to the country’s businesses to support the country’s recovery from the Ebola crisis.
Environmental and social aspects
We worked closely with SCB to ensure that finance provided by the facility met international environmental and social standards.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, West Africa
- Sierra Leone
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
- August 2016
- End date
For direct equity investments, this is the date at which CDC exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
- October 2018
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.
- United Kingdom