CEDA completes Venture Fund divestments

Pull- out: CEDA has divested from all firms following the completion of the CVCF audit examination
Pull- out: CEDA has divested from all firms following the completion of the CVCF audit examination

The Citizen Entrepreneurial Development Agency (CEDA) has finally completed the process to divest from investments made under the CEDA Venture Capital Fund (CVCF), following an audit of the fund.

Speaking to BusinessWeek, the agency’s chief operations officer Andrew Madeswi said they have divested from all the 10 investments under the P200 million fund.

Following end of the fund lifespan in 2013, the process to divest from the companies was delayed as the agency was waiting for the results of the audit.

Editor's Comment
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