PARLIAMENTARY WRITTEN QUESTION
CDC: ARM Cement (2 March 2020)
Question Asked
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.
Asked by:
Zarah Sultana (Independent)
Asked by:
Zarah Sultana (Independent)
Answer
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/
Answered by:
Sir James Duddridge (Conservative)
9 March 2020
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