CDC Group

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CDC is the UK government-owned development finance institution. It supports investing in businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives. CDC has a six-decade heritage as an investor and lender in African power, and has directly or indirectly invested in a third of all utility-scale IPPs in SSA (outside South Africa). Globeleq, Africa's leading IPP company with eight operational plants totaling 1,200MW in five countries, has been under CDC's direct control (in a 70%-30% ownership with Norfund) since late 2015. CDC recently lent $83m to the 200MW Amandi (Ghana) project as co-lead arranger, and lent to the 459MW Azura (Nigeria) project. CDC is also partnering with the Aga Khan Fund for Economic Development/Industrial Promotion Services (developed and constructed 730MW in Africa) to pursue more projects in SSA. CDC has invested in SSA transmission & distribution in Cameroon, the DRC & Uganda.