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BUSINESSUK-based group invests $425 million in Nigeria, impacts about 100 businesses
BUSINESSUK-based group invests $425 million in Nigeria, impacts about 100 businesses
CDC Group reiterates commitment to economic development and growth recovery beyond crisis.
Published 2 days ago on September 23, 2020 By Chidi Emenike UK based organization partner local investment funds to disburse $245 million to 100 Nigerian businesses
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A UK-based development finance institution, CDC Group, has invested $425 million in Nigeria, as its portfolio of about 100 Nigerian businesses supports nearly 38,000 jobs in the country.
This is sequel to its partnership with 40 investment funds such as Afreximbank, African Capital Alliance and among others.
This was disclosed in a statement issued by CDC Group and seen by Nairametrics.
In a virtual visit to the country by the board of the organization led by Chief Executive, Nick O’Donohoe and Chairman, Graham Wrigley, the UK Government-funded organization stated that all earnings from its investments are ploughed back to improve the lives of millions of people in Africa and South Asia.
CDC Group noted that it paid a virtual visit to the Vice President of Nigeria, Prof. Yemi Osinbajo, and British High Commissioner to Nigeria, Catriona Laing, to discuss and ascertain the impact of CDC’s aid to its investees through the COVID-19 crisis and understand how to stimulate recovery and growth.
By Clever Advertising
The discussions also focused on CDC’s own response to the pandemic through its preserved, strengthen and rebuild
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