Africa Logistics Properties completes initial USD 58m equity capital raise

CDC Group, the UK’s development finance institution, and IFC, a member of the World Bank Group, will invest up to US$35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing, filling an important gap in logistics infrastructure in the region.

ALP is backed and co-founded by Maris, a Nairobi based private investment business focused on sub-Saharan Africa which will invest US$8million.

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