CDC Group establishes presence in Nepal

CDC Group Plc, the UK’s impact investor for Africa and South Asia, welcomed Rabi Rayamajhi as Country Representative for Nepal. Rayamajhi joins CDC from the Department for International Development (DFID) Nepal where he was a private sector development advisor for four years and led projects in the financial and SME sectors. Prior to his role at DFID, he provided advisory support to the Investment Board of Nepal in promoting foreign investment and executing large-scale infrastructure projects in waste management, hydropower and cement. He started his career at Standard Chartered Bank and has an MBA qualification from Singapore Management University. Srini Nagarajan, Head of Asia at CDC, said, “We welcome Rabi to CDC as our Country Representative in Nepal. His expertise in private sector development and extensive knowledge of the investment environment in Nepal will boost CDC’s priority of providing increased long-term capital support to businesses and bolstering sector growth in the country. Rabi will be instrumental in strengthening our partnership with businesses and broadening our presence in Nepal as we work to enhance corporate governance, develop environmental and social strategies, promoting skills and job creation that power Nepal’s economy.” Rayamajhi took the office at CDC’s representative office in Kathmandu, where he is working closely with CDC teams across Asia.  He will assist CDC Group to accelerate their commitment to invest more capital in Nepal, and support local businesses to advance their commercial success as they work to adopt internationally recognised environmental, social and governance standards. With a mandate that includes providing counter-cyclical financing during financial crises, CDC is playing a role in protecting jobs and businesses. The firm’s response to the COVID-19 pandemic has three areas of focus: ‘preserve’, ‘strengthen’ and ‘rebuild’. CDC’s goal is to support the economic stability that will improve the lives of millions of people in Africa and South Asia. Rabi Rayamajhi, Country Representative for Nepal, said, “I am proud to be representing CDC in Nepal and supporting the execution of the organisation’s mission to bring about lasting development impact and widespread economic growth in Nepal. In only a short period of time, CDC’s commitment to Nepal’s finance and infrastructure sector has resulted in improved access and connectivity throughout the country. I am keen to get to work on developing local partnerships that will continue to boost business growth and improve the lives of millions of people.”