CDC Group is earmarking some 1 billion Egyptian pounds, $63 million, for infrastructure and finance investments in Africa in 2021, with a particular focus on Egypt, Ethiopia, Kenya, and Nigeria, CEO Nick O\u2019Donohoe told Bloomberg in an interview.<\/p>\n
This will be roughly what it invested in Africa in 2020, he added.<\/p>\n
CDC \u2014 the UK\u2019s development finance institution \u2014 is primarily focusing on climate-related and tech-based investments, but is \u201ca big investor in infrastructure and will continue to be,\u201d O\u2019Donohoe said. CDC also sees \u201cmore attention\u201d being given to healthcare after going through the pandemic, but expects these investments to be more concentrated in the private sector.<\/p>\n
CDC has already made its mark on Egypt\u2019s healthcare sector<\/strong>: Along with the European Bank for Reconstruction and Development and Development Partners International, CDC last year raised \u00a0$750 mn \u2014 of which $250 mn was earmarked for Egypt \u2014 to invest in the pharma industry across Africa through a shared investment platform.<\/p>\n The platform\u2019s first investment was the acquisition of Egypt\u2019s Adwia Pharma in November.<\/p>\n","protected":false},"excerpt":{"rendered":" CDC Group is earmarking some 1 billion Egyptian pounds, $63 million, for infrastructure and finance investments in Africa in 2021, with a particular focus on Egypt, Ethiopia, Kenya, and Nigeria, CEO Nick O\u2019Donohoe told Bloomberg in an interview.<\/p>\n","protected":false},"author":4,"featured_media":320724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[203],"class_list":["post-320723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main","tag-cdc-group"],"yoast_head":"\n