This investment was made when British International Investment was named CDC Group.
The Prism joint venture is a residential/workforce housing development platform with Shapoorji Pallonji Real Estate (“Shapoorji”), one of India’s largest residential developers. The business is targeting the gateway cities of East Africa, starting with Nairobi. The Prism programme will target the development of at least 1,000 units diversified across multiple sites in different nodes of Nairobi.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Construction and real estate
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Actis Africa Real Estate Fund 3
- Fund Manager:
- Actis LLP
- Start date
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- March 2019
This is the investee company’s place of incorporation; or a fund’s jurisdiction.