UK’s CDC Group names new Myanmar rep

CDC Group, the UK’s development finance institution, has appointed Myo Zin as its new country representative for Myanmar. Myo Zin will help CDC Group expand its Myanmar investments, especially in sustainable energy and social projects, the organization said in a statement.

“CDC’s continued goal is to create long-term partnerships in Myanmar,” the statement read. “Myo will focus on broadening CDC’s capital investments in Myanmar and support active in-country portfolio management. He will […] facilitate the organization’s commitment to increasing investment flows to the country and advancing the development of Myanmar’s private sector.”

CDC Group focuses on socially-responsible investments in Africa and Asia, for which it will invest USD 1.5 billion this year, according to Deal Street Asia. One of its lucrative Myanmar investment was announced this week: CDC partner Delta Capital, will, together with Daiwa PI Partners, invest more than USD 12 million in a major recycling company. This week’s newsletter features another article exploring that deal. The company’s Myanmar investments also include Irrawaddy Green Towers and Frontiir, an internet service provider known as Myanmar Net.

CDC has also appointed Thura Ko Ko, a founding partner of YGA Capital, as an advisor. “Thura will support Myo and other CDC teams in expanding CDC’s network, investing capital and promoting the development of the private sector in Myanmar,” the statement said.

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