AFRICA – CDC Group and Finnfund have announced a US$70 million commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, committed US$50 million and Finnfund, the Finnish development financier, committed US$ 20 million. “CDC’s countercyclical commitment will improve AfricInvest’s chances of weathering the COVID-19 crisis and enable the firm to continue investing and generating transformational impact across the African continent,” Clarisa De Franco, Managing Director, Head of Africa Funds, Funds…
Read MoreCDC Group and Finnfund commit US$70m to AfricInvest to support growth of enterprises
