News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

CDC invests in African property deal

There is 'pent up' demand for real estate in Africa amid a rising middle class

CDC Group, the UK-government backed emerging markets investor, has made a $25 million co-investment in a Kenyan real estate development.

The deal is being led by emerging markets investor Actis and will also see the World Bank's investment arm, the International Finance Corporation, providing $7 million towards the project.

WSJ Logo