CDC Group announces a commitment of 100 million USD in African Development Partners III. With this investment, ADP III will target medium and large enterprises in Africa and facilitate job creation while funding essential services through corporate taxation.

UK development finance institution CDC Group, announced on October 6, 2021, a $100 million commitment to African Development Partners III, the latest fund from investment firm Development Partners International (DPI) focused on Africa. The fund, in its strategy, will also focus "on innovation-driven companies that are transforming critical sectors such as healthcare and agriculture, and which, in turn, are helping drive economic growth around the world." continent,” says CDC Group. As a reminder, CDC Group last September announced a commitment of $60 million as part of its African private credit fund strategy, which aims to address a significant credit market dislocation and funding gap. in the middle market.