CDC: ARM Cement

(asked on 2nd March 2020) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, who the ARM Cement creditors are who were partially or wholly repaid following CDC Group’s initial investment in the company; and what CDC Group’s (a) previous and (b) current business or investment relationships are with each of those creditors.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 9th March 2020

Financial creditors of ARM Cement Limited who were partially or wholly repaid following CDC Group’s investment were: Citibank N.A.; I&M Bank Ltd; Bank of Africa Kenya Ltd; Eastern and Southern African Trade and Development Bank; Development Bank of South Africa; Guaranty Trust Bank Kenya Ltd; Aureos Capital; Chase Bank Ltd; Barclays Bank of Kenya; CfC Stanbic Bank Ltd; Victoria Commercial Bank; Africa Finance Corporation.

Information on CDC’s current investment relationships with the above investees, where applicable, are available on its website https://www.cdcgroup.com/en/our-investments/

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