Nigeria’s SME fund group set to receive US$15m form CDC

NIGERIA – CDC, the UK’s development finance institution has committed a US$15 million investment to CardinalStone Capital Advisors Growth Funds (CCA). CCA is a Nigerian fund group that targets Small and Medium Enterprises across major segments in agriculture, industrials, Fast moving consumer goods, healthcare, financial services and education. Clarisa de Franco, CDC’s Managing Director said that the funding will help boost the financial access to SME’s within the segments. “As a pioneering investor in African private equity we are delighted to be supporting CardinalStone’s first fund that will bring investment…

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