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Thursday, 7 June 2012

How Much Will Geldof Fund Invest In Sub-Saharan Africa?

Even Bob Geldof has realised that investments beat donations in Sub-Saharan Africa. Over 25 years after launching the 'Live Aid' mercy mission, the "8 Miles" investment fund that he chairs has even taken a little money from good ol' CDC Group, Private Eye's favourite foreign investment vehicle. Presumably that means 8 Miles is a reasonable bet, since CDC hasn't exactly been adventurous to date. But reports over the past few months have varied in terms of the overall amount 8 Miles seeks to raise (£750m, £450m, £400m£630m, £290m) and how much has actually been raised (£200m, £125m). Is that simply salesmanship?

I'm interested to see how this turns out. I only hope it's not left to Private Eye to explain...



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