United Kingdom’s CDC Group targets US$1b of African investments in 2021

AFRICA – CDC Group, a development finance institution owned by the UK government is planning about US$1 billion in Africa investments this year in sectors including infrastructure and finance and is part of a consortium considering a bid for a new telecommunications license in Ethiopia. The U.K. development-finance institution is matching a similar outlay made on the continent in 2020, Chief Executive Officer Nick O’Donohoe said in an interview with Bloomberg.  CDC will target markets such as Egypt, Ethiopia, Kenya, and Nigeria, while also considering putting money into more remote, frontier…

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CDC Group announces new Heads of Office in Nairobi and Lagos

AFRICA – CDC Group, a UK’s development finance institution, has announced the appointment of Seema Dhanani to head the organization’s office in Kenya and Benson Adenuga to head the Nigeria office. Tenbite Ermias, CDC’s Managing Director for Africa, said: “The appointment of Seema and Benson adds powerful depth to our in-country presence in two leading African markets. “Their expertise and insights will be critical in guiding our origination efforts, portfolio management and stakeholder relationships, ultimately accelerating the pace and scale at which we can act.” Dhanani joins CDC from Mauritius…

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