ADC African Development Corporation (www.african-development.com), a business development company initiated by Altira Group, successfully completed its capital increase at the end of last week in spite of difficult capital market conditions. A total of USD 22.5 million was placed with international investors as well as German family offices, in particular.
The new capital will be invested in the next months in companies in sub-Saharan Africa operating in the fields of banking, IT & telecommunications and real estate, most of which have already been identified. The pioneering position occupied by ADC, particularly in East Africa, allows it to provide institutional investors
The new capital will be invested in the next months in companies in sub-Saharan Africa operating in the fields of banking, IT & telecommunications and real estate, most of which have already been identified. The pioneering position occupied by ADC, particularly in East Africa, allows it to provide institutional investors
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