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CDC, Akfed, IPS launch new power platform

The UK’s CDC Group, the Aga Khan Fund for Economic Development (Akfed) and its industrial and infrastructure development arm Industrial Promotion Services (IPS) launched a new platform on 24 April to develop and invest in power projects in sub-Saharan Africa, mobilising project funding of over $1bn.The platform will house IPS’s existing power projects in Kenya and Uganda, and will focus on new power projects in East Africa, including Democratic Republic of Congo (DRC), Mozambique and Madagascar, and in West Africa.

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