Actis Sunrise Development Limited

West Africa,Africa Construction and real estate

Actis is a leading investor in growth markets across Africa, Asia and Latin America. Its three separate investment groups focus on energy and infrastructure; real estate; and general sectors, including consumer, education, financial services, healthcare, industrial, manufacturing, and retail.

Actis was formed in 2004 following a restructuring of CDC designed to bring more equity capital into developing countries and the two organisations have a shared history.

The London-based firm has offices across Africa, Asia and Latin America.

Our investment

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.

Expected impact

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.

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, West Africa
Countries:
Ghana
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.

:
Construction and real estate
Website:
https://www.act.is/
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
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.

:
$10.8m
Domicile

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

:
Mauritius