Yesterday, we published our 2023 Annual Review: Creating impact together. We support the growth of sustainable economies that work for both people and the planet. But we can’t achieve this impact alone. We work in partnership with many others: our investment partners, entrepreneurs and the countries where we invest. We want our partners to achieve the success that will lead to further prosperity and meet the challenge of climate change. Find out more about some of the new partnerships we formed throughout the year in the video below. You can also read the Review in full on our website – link in the comments.
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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We’re pleased to present our Annual Review 2023: Creating impact together Over the course of 2023 we made £1.3 billion of gross commitments, investing in sustainable economies that support people and protect the planet. Highlights include: ☀ Investing £449 million of climate finance, ranging from investing in solar-powered irrigation systems for smallholder farmers, to Sierra Leone's first large-scale independent power producer. 🌍 Establishing a new platform, entirely financed by BII, to offer local currency, flexible financing options to SMEs in Ghana, ensuring the access to finance they need to grow and create jobs. ♀ Boosting women’s economic empowerment by committing £297 million of gender finance. But we haven’t achieved this impact alone. We work in partnership with many others, including our investment partners, entrepreneurs and the countries where we invest. Our success is measured in our partners’ success, in the prosperity of people and the health of the planet. Find out more in this video and there's a link to the full review in the comments ⬇️📽️
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Our Annual Review 2023 launch event is starting soon! Join us live as our Chief Executive and Chair, share their reflections on the last year’s milestones, successes and challenges. We’re also joined by business leaders from Africa and Asia, who have played a pivotal role in BII’s achievements over the last year. Join the livestream here: https://lnkd.in/dAFgZceJ
Annual Review 2023. Creating impact together
https://www.youtube.com/
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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
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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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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 📖 ⬇.