We’re pleased to continue our support of small businesses in Nigeria with a new $50 million commitment to Access Bank Plc. Our investment is part of a $295 million loan package arranged by FMO - Dutch entrepreneurial development bank. The loan package aims to strengthen Access Bank’s capital base so they can increase their lending to small businesses who often face challenges accessing suitable finance. UK in Nigeria, Benson Adenuga, Jumai Hadiza Mohammed, Dayo Ogundare, Patricia Paricio, CFA, Annabel Brooks, Adeola Ukoha, Charitha Isanaka, Tim Bescoby, 'Banji Jackson-Oke, Katharine Tengtio, Adeola Chetachi Adesola, Ndaba Mpofu, John Kelting, Stephen Priestley, Samir Abhyankar
About us
We are the UK's development finance institution and impact investor, backed by the UK Government. With over 75 years’ experience, we are a trusted investment partner to businesses in Africa, Asia and the Caribbean. We invest to create more productive, sustainable and inclusive economies, enabling people to build better lives for themselves and their communities. We currently partner with nearly 1,500 businesses, working with our investees to help them succeed and grow impactful businesses.
- Website
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http://www.bii.co.uk
External link for British International Investment
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- London
- Type
- Public Company
- Specialties
- Development finance, Emerging markets investment , Private Equity fund investing, Impact investing , Microfinance, Debt finance, Equity finance, Africa, Asia, Climate finance, and Gender lens investing
Locations
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Primary
123 Victoria street
London, SW1E 6DE, GB
Employees at British International Investment
Updates
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Agriculture is critical to the Zimbabwe economy, employing 65 per cent of the population. Addressing the financing gap for agribusinesses is key in supporting the sustainable growth of the agricultural sector. Our $10 million commitment to NMB Bank Ltd, Zimbabwe, which is our first financial services debt financing in Zimbabwe, will help address this gap by supporting the bank to provide much needed funding to agricultural exporters in the country. It will also help to build climate resilience in a country and sector that is vulnerable to the impact of climate change, as it will support projects that promote mitigation and adaptation. Pete Vowles, Christopher Chijiutomi, Jumai Hadiza Mohammed, Dayo Ogundare, Christopher Rowbottom, Dirk Holshausen, Thithi K., Teni Ntoi, Charles Hare, Gina Edmonds, Tim Bescoby, 'Banji Jackson-Oke, Katharine Tengtio, Ellen Brookes, Shukti Trivedi, Ndaba Mpofu, John Kelting, Samir Abhyankar
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Our Managing Director and General Counsel, Colin Buckley, recently spoke to Uxolo Development Finance about our commitment to long-term investment in Africa. Click the link in the post below to watch the full interview 📹 ⬇
📹 Uxolo spoke to Colin Buckley, managing director and general counsel at British International Investment (BII). Buckley outlines the UK development bank’s new commitments, including its bullish activity in Africa despite a volatile cost of debt environment. Watch the interview here: https://lnkd.in/d4vuGWJ8 #Uxolo #developmentfinance #BusinessInAfrica #CostOfDebt #EconomicDevelopment #GlobalInvestment
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New technologies are key to supporting a just energy transition. One such innovation is the production of green hydrogen. Egypt has the potential to be a global leader in renewable energy generation and green hydrogen production and we're looking to support Scatec ASA’s landmark Green Hydrogen project. Find out more in the post below ⬇
Scatec's Egypt Green Hydrogen Project signed 20-year offtake agreement with Fertiglobe, based on H2Global award. Our Egypt Green Hydrogen project, in partnership with Fertiglobe, Orascom Construction PLC, The Sovereign Fund of Egypt and the Egyptian Electricity Transmission Company, reaches a key milestone, after Fertiglobe secured a green ammonia offtake agreement with Hintco in Germany, through the first ever H2Global Foundation auction. Based on the award, Fertiglobe and Egypt Green Hydrogen have entered into a 20-year ammonia offtake agreement. The agreement was signed at the Egypt-EU Investment Conference in Egypt on 29 June 2024. “The H2Global award represents a key milestone for the Egypt Green Hydrogen project in Ain Sokhna, Egypt. This demonstrates the competitiveness of green hydrogen and ammonia production in Egypt, driven by its abundant renewable energy resources and strategic geographical location. We are grateful for the Egyptian government´s leading role in supporting this pioneering project and we look forward to continuing to work with the relevant stakeholders to establish Egypt as a regional green hydrogen hub. With Fertiglobe securing an offtake agreement for the ammonia, Egypt Green Hydrogen will accelerate the project’s development and advance it towards financial close,” says Scatec CEO Terje Pilskog. EBRD European Investment Bank (EIB) British International Investment IFC - International Finance Corporation DEG https://lnkd.in/dYQhban5
Scatec’s Egypt Green Hydrogen Project signed 20-year offtake agreement with Fertiglobe, based on H2Global award - Scatec
https://scatec.com
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Remittance costs in sub-Saharan Africa are the highest in the world. Which reduces capital flow into the continent. One company looking to address this issue is TerraPay, a global cross-border payments processor. It’s aiming to increase the availability of lower-cost, efficient, accessible and reliable remittances. We’ve committed $20 million to TerraPay to support an increased volume of remittance transactions into Africa, build financial resilience, and enhance financial inclusion. Our funding will prioritise key African corridors, with high volumes expected in Kenya, Ghana, Egypt, Uganda, Tanzania, Cameroon, Mali, Benin, Cote d’Ivoire, Senegal and Mozambique. Christopher Chijiutomi, Ndaba Mpofu, John Kelting, Stephen Priestley, Seema Dhanani, CFA, Kwabena Asante-Poku Jnr, CFA, Thomas Girod, Abhishek Kulshrestha, FRM, Alex Manolopoulos, Joshua Bell, Alma Agustí Strid, Charles Hare, Wessel V., 'Banji Jackson-Oke, Varun Sharma, Daniel Neale, Katharine Tengtio, Matthew North
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We’re looking forward to many of you joining us next week for our 2023 Annual Review launch event! 📅 🕤 Wednesday 17 July | 9:30am – 11:45am 📅 🕤 This is your chance to hear our Chair, Diana Layfield, and Chief Executive, Nick O'Donohoe, reflect on the previous year’s milestones, successes and challenges. You'll also get to hear from our partners across Africa and Asia, across two panel discussions, that will explore how our investments are having a positive impact on people and the planet. Register your place for the event here: https://lnkd.in/dhEtthpE
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Our Managing Director and Head of Africa, Christopher Chijiutomi, was a guest on a recent AVCA - The African Private Capital Association podcast 🎙. In this discussion, Chris delves into: 🌱 How BII is helping to advance sustainable investment strategies across Africa. 📱 Where we’re seeing opportunities for investment - including climate finance and digital and financial inclusion. 💵 How we’re helping to mobilise capital at scale to help solve the biggest development challenges in Africa. Link to full podcast in the post below 🎧 ⬇
🎙 Join us for an insightful interview with Christopher Chijiutomi, Managing Director, Head of Africa, British International Investment, as we explore the transformative influence of #climatefinance, #digitalinclusion and #financialinclusion on the future of private equity in Africa. Discover BII's strategies for mobilising capital to address challenges and drive sustainable economic growth across the Southern African region. #SustainableInvestment #PrivateEquity #AfricaDevelopment
Driving Sustainable Investment and Capital Mobilisation in Africa with BII
AVCA - The African Private Capital Association on LinkedIn
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One of the ways we support our portfolio is by providing guidance to improve companies’ and investors’ understanding of global regulations and how to apply them in an emerging economies context. The Sustainable Finance Disclosure Regulation (SFDR) was introduced by the European Commission, to improve transparency, reduce greenwashing and direct capital towards more sustainable investment. Our latest guidance - produced in partnership with international law firm Akin Gump Strauss Hauer & Feld LLP, FMO - Dutch entrepreneurial development bank, and the Joint Impact Model Foundation - helps fund managers in emerging economies better understand what SFDR means for them. Read and download the guidance below 📖 ⬇.
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📅 🕤 Join us on Wednesday 17 July for a special event to mark the publication of our 2023 Annual Review: Creating impact together. Hear our Chair, Diana Layfield and Chief Executive, Nick O'Donohoe's reflections on the previous year’s milestones, successes and challenges. They'll also be joined by some of our partners for two panel sessions, discussing how our investments are having a positive impact on people and the planet. Panel 1: Impact on people - partnerships to support those most in need. With speakers: - Deep Karki, Director, Invest for Impact Nepal - Dr Snowy Khoza, Non-Executive Director, Gridworks Development Partners - Jules Ndambu, FRM, Principal, Financial Services, The Africa Resilience Investment Accelerator (ARIA) - Moderator: Colin Buckley, Managing Director and General Counsel, British International Investment Panel 2: Impact on the planet - partnerships to support climate innovation. With speakers: - Samir Ibrahim, Chief Executive Officer, SunCulture - Yida Kemoli, Managing Director, Africa, New Forests - Moderator: Maria Smith, Chief Impact Officer, British International Investment Use the link in the comments to register your place for this exclusive online event!
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We were proud to participate in this year’s London Climate Action Week. We partnered with the Adaptation & Resilience Investors Collaborative to host two events on climate adaptation and resilience in emerging economies – countries which are disproportionately impacted by the climate emergency. Our discussions focused on potential investor opportunities that can enable climate adaptation of vulnerable sectors and communities. They also explored how investors can manage physical climate risks for resilient investment. Thank you to our hosts and guest speakers across both events - Remco Fischer, Amal-Lee Amin, Amit Prothi, Jessica Franks, Jagjeet Sareen, Marco Serena, Chirantan Patnaik, Nick O'Donohoe, Hossam Allam, Jess Ayers, Charissa Bosma and Lori Kerr. As well as all our attendees on the day. Links to watch recordings of both events are available in the comments 🎥 🖥 ⬇ We also partnered with FMO - Dutch entrepreneurial development bank to launch our new Climate Investment Playbook as guidance for venture capital and private equity investors who are new to climate investing. From working with our own portfolio, we know that often investors have the appetite to step up their climate finance commitments but need clarity on how to get started. The new guidance helps address that challenge. The playbook is available now, click the link in the comments to download it ⬇ Tatwin Owen Edmunds, Dr. Chiara Trabacchi, Ethan Harradine, Esin Yilmaz, Vedantika Bhagat, Ian P. Milborrow, Ludo Findlay