British firm plans $4.5b investment in Africa
News & Trends •
cdc group britains development finance agency plans to invest up to 4.5 billion across africa over the next four years to boost ties with the continent1 britain which is set to cut ties with the european union in march is hoping to bolster ties with main economies such as nigeria south africa and kenya1 mr. nick odonohoe the chief executive of cdc group said the company has invested nearly 400 million in nigeria africas most populous nation1 to support small and medium sized companies in nigeria cdc committed 25 million to synergy a local private equity firm. a 100 million-dollar loan was also given to nigerian fertilizer company indorama1 odonohoe noted that the agency would like to invest more in infrastructure power manufacturing and agriculture. he said we are opening a new office to help originate more transactions in nigeria1 cdc aims to open a regional office for west africa in nigerias commercial hub of lagos early next year and establish a presence in nairobi while also expanding in johannesburg. the group also plans to establish representative offices in abidjan and cairo1