Economic growth across African countries is under half that of the South Asian economies, while Africa has double the portion of unemployed. If the continent is to achieve decent work for all, it needs more formal firms creating quality jobs for the millions of people entering the labour market every year.
New research from the Africa Programme at Chatham House (available from 8 September) looks at how to grow larger businesses in sub-Saharan Africa that can create the jobs the continent needs. In this podcast, Alex Vines from the Africa Programme, Alex MacGillivray from CDC, and Chibamba Lopa from impact investor Grofin discuss why the work's important and what impact it'll have.
You can listen using the player below or find us on iTunes or SoundCloud.
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.