Pan-emerging markets private equity firm Actis has sold its stake in Globeleq Africa, a manager of electricity-generating assets across Cameroon, Tanzania, Côte d’Ivoire, Kenya and South Africa, to a company owned by development finance institutions CDC Group and Norfund. Through the transaction, Norfund acquired a 30 percent stake in Globeleq Africa for US$227 million, while CDC—already a majority indirect shareholder in the Globeleq Africa via the Actis Infrastructure 2 fund—transferred its interest into the new company owned jointly with Norfund.