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Digital Subscriptions > > CDC and IFC invest US$35 million to support goods transport

CDC and IFC invest US$35 million to support goods transport

CDC Group, the UK development finance institution and IFC, a member of the World Bank Group, have agreed to invest up to US$35 million in Africa Logistics Properties Holding (ALP), an integrated property company that acquires, develops and manages modern logistics warehousing across Africa.

The investment—US$10 million from IFC and US$25 million from CDC— will be used for ALP’s development in Kenya’s capital, Nairobi, East Africa’s trading hub, where business growth and economic development have been hampered by the lack of quality, international-standard warehousing. Quality warehousing will mean the company can achieve better operational efficiencies through a reduction in waste from poor storage, making product delivery faster and improving security.

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