UK's CDC Helps More Firms in 2009

A woman in a wheat field in India. One of CDC's pioneering investments in 2009 include support for agriculture fund in India. Photo by: Meena Kadri / CC BY 2.0 Meena KadriCC BY 2.0

CDC Group plc, the British government-owned development finance institution that offers capital for sustainable private sector investments in the developing world, assisted 794 firms in 2009, up by 113 in 2008.

CDC, which targets companies in sub-Saharan Africa and south Asia, made some 359 million pounds (USD534 million) in new investments last year, of which 121 million pounds was in Asia and 194 million pounds in sub-Saharan Africa. Among its pioneering investments in 2009 include support for the first private equity fund for small and medium enterprises in Sierra Leone, as well as an agriculture fund in India, CDC chief executive, Richard Laing, said in the entity’s 2009 annual report.

The organization has also for the first time, in 2009, used independent accessors to conduct some of the evaluations of its portfolio.

This year CDC aims to assess the climate change implication of its portfolio and support investors who adhere to the United Nations Principles for Responsible Investments, according to Jonathan Kydd, chair of CDC’s best practice and development committee.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.