CDC committed US$30 million to Momentum Africa Real Estate Fund (MAREF) in December 2018.
The fund will create construction jobs, provide training to local construction workers (c. 55 people trained over the life of a 22-month project), and facilitate business by increasing the availability of high end office space across sub-Saharan Africa.
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Momentum Global Investment Management & Eris Property Group
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.
Investments made by this fund
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