CDC is the UK’s Development Finance Institution (DFI) and wholly owned by the UK Government. CDC’s mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.

CDC was found in 1948, making it the world’s oldest DFI.

Businesses in developing countries often struggle to find the investment they need to grow. CDC’s job is to provide scarce and patient capital to businesses and entrepreneurs in Africa and South Asia, where more than 70 percent of the world’s poorest people live.

CDC’s portfolio of investments is valued at £ 4.8 bn (year end 2016) and includes 1,245 investee businesses. In 2016 these companies together created 1.29 million new jobs.

CDC’s Strategy is set in conjunction with the Department for International Development (DFID), and CDC only makes investments in Africa and South Asia. CDC invests directly by providing equity, debt and mezzanine finance to businesses; and, indirectly through supporting fund managers who are aligned with CDC’s aims and who invest CDC’s capital on its behalf.

CDC is highly flexible and works to meet the needs of each business. As an example, that may mean providing capital over a flexible time horizon - CDC often look at periods of 10 years or more or it might be through supporting management in implementing responsible business practices.

CDC aims to invest in countries where its capital can have the greatest impact; in countries where the private sector is weak, jobs are scarce, and in sectors where growth leads to jobs (both directly and indirectly) such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education.

Central to CDC’s ethos is a firm commitment to responsible investment. The businesses CDC invest in must adhere to its code of responsible investing, which stipulates environmental, social and governance standards that are often above those required by local law.

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