News: The latest from Africa's largest independent power producer

News from CDC
16 August 2016

In 2015, CDC and Norfund - the Norwegian investment fund for developing countries - took direct control of Globeleq Africa, the largest independent power producer on the continent. One of the main aims of the investment is to add thousands of megawatts of electricity generating capacity over the next ten years - to light the homes and power the businesses that will help fuel Africa's growth.

In this video, we speak to Globeleq's CEO Henry Aszklar, to find out the progress they're making and their plans for the coming years.

You can find our more about our investment in Globeleq Africa in our Annual Review 2015: Growing in ambition and impact.

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About CDC

CDC is the UK government-owned development finance institution. CDC’s mission is to support the building of businesses throughout Africa and South Asia, to create jobs and making a lasting difference to people’s lives in some of the world’s poorest places.

We provide investment capital in all its forms, including equity, debt, mezzanine and guarantees, and this capital is typically used to fund growth. This capital is provided directly and through fund managers that are aligned with our aims.

CDC uses its own balance sheet to invest and has net assets of £3.4bn.

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