African Development Bank Takes $10 Million Equity Stake in Kenya’s Dhamana Following Anchor Investment From Private Infrastructure Development Group
The African Development Bank has made a strategic equity investment of $10 million in Dhamana Guarantee Company, a Nairobi-based provider of guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa.
Dhamana will also receive equity investments from County Pension Fund Financial Services(CPF), and technical assistance support from and Financial Sector Deepening Africa (FSD Africa) and Cardano Development.
Source: African Development Bank Group (link opens in a new window)
