UK’s DFI invests $2.2bn in Africa, surpasses commitment - Punch Newspapers

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CDC Group, the UK’s development finance institution, has announced that it exceeded its 2020 commitment to invest £2bn in Africa over the last two years.

Its Chief Executive, Nick O’Donohoe, said, “I am delighted that we exceeded the ambitious target we set at the Africa Investment Summit held in London in 2020. This was during a period when CDC rapidly pivoted to support our portfolio and mitigate the economic fallout of the pandemic in the countries in which we invest. The role of DFIs such as CDC was vital in supporting vulnerable countries that did not have the financial reserves to protect their economies.

The statement said last year saw CDC/BII make its largest ever deal in Africa – a partnership with DP World worth up to $1.7bn – to significantly boost the continent’s ability to trade globally by expanding its port capacity.

 

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