📋 Tender Overview
Status - Implementation
Budget spend to date: £2,822,300,264 (66. 26%)
Project budget: £4,259,626,259
Sector groups as a percentage of project budget
Financial policy and administrative management: 70. 0%
small and medium-sized enterprises (sme) development: 30. 0%
Benefitting country/region: Developing countries, unspecified
To enable cdc to scale up its activity of investing and lending to support the building of businesses in developing countries, to create jobs and make a lasting difference to people’s lives in some of the worlds poorest places. Cdc is dfid’s main vehicle for investing in private companies in africa and south asia. Cdc encourages capital investments from other private investors by being a first mover, demonstrating to other investors that commercial returns are possible in these frontier markets, and by sharing risk and expertise. The additional equity from dfid will enable cdc to meet demand for capital in its target markets and allow cdc to sustain a higher volume of more developmental investments across priority regions and business sectors
