CDC invests in African property deal

There is 'pent up' demand for real estate in Africa amid a rising middle class

CDC Group, the UK-government backed emerging markets investor, has made a $25 million co-investment in a Kenyan real estate development.

The deal is being led by emerging markets investor Actis and will also see the World Bank's investment arm, the International Finance Corporation, providing $7 million towards the project.

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