This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
For funds, the countries listed here are those the fund has invested in so far.
- Algeria, Cote d'Ivoire, Democratic Republic of Congo, Djibouti, Liberia, Nigeria, Senegal, South Africa, Zimbabwe
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.
- Communications and IT Services, Financial services, Infrastructure, Manufacturing, Others
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- ECP Africa
- 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
- December 2005
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.
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
Spencon is an East African civil engineering and construction group that provides construction and engineering services for construction of buildings, roads and bridges, power, transmission and water supply infrastructure. The company has operations in Kenya, Uganda, Tanzania and Zambia.
|Tanzania||Africa, East Africa||Infrastructure||June 2006||Active|
| Notore Chemical Industries|
Notore Chemical Industries owns and operates an ammonia/urea fertilizer plant. The company s facilities include an ammonia plant, a urea plant and a nitrogen, phosphate and potassium blending plant.
|Nigeria||Africa, West Africa||Others||December 2006||Active|
| Continental Reinsurance Plc|
Continental Reinsurance is a reinsurance company offering life and non-life products, and is based in Nigeria. It is present across Africa, with offices in Lagos, Douala, Abidjan and Nairobi.
|Nigeria||Africa, West Africa||Financial services||March 2007||Active|
| Generale Assurance Mediterraneenne|
Générale Assurance Méditerranéenne is a private insurance provider in Algeria. The company has a distribution network of 301 points of sales including 164 agencies and 25 Insurance Agents that cover almost the entire country with a 3% market share.
|Algeria||Africa, North Africa||Financial services||July 2007||Active|
| Mineral Deposits Limited/Teranga Gold Corporation|
Mineral Deposits Ltd owns and operates two mining projects in Senegal, West Africa, aiming to produce zircon, rutile, leucoxene and ilmenite.
|Senegal||Africa, West Africa||Others||July 2007||Active|
| Cellcom Telecommunications Ltd|
Cellcom provides a variety of communication products and services in Liberia. This includes fixed mobile services and fax and data for private and public entities.
|Liberia||Africa, West Africa||Communications and IT Services||December 2007||Active|
| Blue Financial Services|
Blue Financial Services is a leading microfinance provider operating across 13 African countries.
|South Africa||Africa, Southern Africa||Financial services||January 2008||Active|
| Planor Capital International (“PCI”)|
Planor Capital manages a leading telecommunications company investment in Côte d Ivoire.
|Cote d'Ivoire||Africa, West Africa||Communications and IT Services||September 2008||Active|