Investments    

 

The Canada Investment Fund for Africa is a US$212 million fund dedicated to making private equity investments in businesses throughout Africa. The fund comprises a US$81 million anchor investment from the Government of Canada, with the balance being raised through third parties.

The objective of the Fund is to spur economic growth by providing risk capital for commercially successful private sector businesses. CIFA will also aim to generate significant direct and indirect benefits by way of increased trade and investment flows between Africa and Canada.

CIFA is managed by a joint venture of Actis and Cordiant.

The Fund's investment period ended on December 31, 2008. CIFA is no longer looking at new investment opportunities.