CDC Group approves $30m commitment

The London-based government-related impact investor has backed an agtech fund.

Institution: CDC Group
Headquarters: London, United Kingdom
AUM: £4.7 billion ($6.5 billion; €5.4 billion)

CDC Group has approved a $30 million commitment to Phatisa Food Fund 2, according to a press release from the government organization’s website.

The fund managed by Phatisa will invest across the African food value chain. This includes investments in mechanization, inputs, poultry and meat production, food processing and manufacturing, logistics, aggregation and distribution across Sub-Saharan Africa.

As illustrated below, the £4.7 billion UK institution’s fund commitments have focused on agribusiness vehicles in Asia-Pacific, Middle East and Africa.

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