Emerging markets private equity investor Actis has sold the majority of its 60 percent stake in Ugandan bank DFCU to Norfund, a Norwegian development finance institution, and Rabo Development, a subsidiary of Dutch banking group Rabobank. Actis had been managing the 60 percent stake on behalf of its former parent, U.K. development finance institution CDC Group, which chose to retain a 15 percent stake on its balance sheet following Actis’s exit. As a result of the transaction, Norfund will increase its stake in DFCU by an additional 17.5 percentage points, while Rabo Development will acquire an additional 27.5 percent of the company.