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The firm has acquired a 35% stake in Tunisie Telecom, its 10th deal in the country and its first in the sector.
The firm’s strategy is aiming to provide an IRR of between 16% and 20% from investments in up to 15 projects.
CDC was part of a nine-member IFC-led consortium lending $653 million for the 800MW Nubian Suns project.
The UN-backed vehicle has partnered EBRD to finance two plants with a combined 80MW capacity in the Benban park.
The UN-backed vehicle has partnered EBRD to finance two plants with a combined 80MW capacity in the Benban park.
A first close is expected in the first half of next year and the fund will include an expansion outside the Middle East.
Solid growth in the fund’s infrastructure and agriculture holdings helped drive net profit of $44m.
The pair will seek investors for the project, which follows the infra fund’s solar tie-up in Egypt and the addition of two further countries to the platform.
Earlier this month, the French manager partnered with EDF to invest in distributed renewable projects in Africa.
Newly established NEoT Capital will lead the charge in a market it says could be worth ‘several billion euros’.
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