CDC commits US$75m to Africa Development Partners II Fund

AFRICA – CDC, UK’s development finance institution, announced a new commitment of US$75 million to the Africa Development Partners II LP Fund (ADP II), managed by Development Partners International (DPI). The Fund will invest throughout Africa, providing much-needed risk capital to businesses to help them grow, develop and increase the contribution they make to their local economies, including providing employment. The ADP II fund will take significant minority stakes in businesses across a range of sectors, focusing on high growth companies that are seeking to expand into newly liberalising countries,…

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