Public Management

British International Investment plans a 5-year US$6 billion investment program for Africa

Thursday, 28 July 2022 14:35
British International Investment plans a 5-year US$6 billion investment program for Africa

(Ecofin Agency) - The investments will benefit several sectors including renewable energies and infrastructure. They will also support women-owned businesses and climate adaptation projects. 

The UK development finance institution British International Investment (BII) plans to invest US$6 billion in Africa, over the coming five years, Bloomberg revealed Wednesday, July 27

The investments include a US$76 million contribution to African Infrastructure Investment Fund 4 (AIIF4) -an Africa-focused investment fund managed by private equity firm African Infrastructure Investment Managers (AIIM)- the source added. They will benefit several sectors, including renewable energy and infrastructure. They will also support women-owned businesses and climate adaptation projects.  

Investment priorities will be driven by the size of the economy, and the development needs in that economy,” BII CEO Nick O'Donohoe (photo) told Bloomberg.

He added that the investments would notably focus on five countries, namely Ethiopia, Kenya, Nigeria, Egypt, and South Africa (which is trying to attract climate financing). 

In a release issued on Thursday, July 21, the BII announced a US$720 million loan to finance a solar battery energy storage project in South Africa. The loan was provided in partnership with the South African banking group Standard Bank. 

Formerly known as CDC Group, British International Investment has already made major investments in several African companies, including Liquid Telecom, the continent's largest fiber optics company, and Globeleq, an independent power producer.

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.