British International Investment is a development finance institution and impact investor based in London, United Kingdom. Established in 1948 and wholly owned by the UK Government's Department for International Development, BII aims to foster long-term economic growth and sustainability in emerging markets, particularly in Africa and South Asia. The institution invests across various sectors, including infrastructure, health, and agribusiness, with a focus on job creation and business development. BII provides financial support through debt, equity capital, and mezzanine financing, both directly and via intermediaries, catering to a wide range of industries such as distribution, education, consulting, logistics, and electronics.
Managing Director, Head of Financial Services Group and Member of the Investment and Executive Committee
Benson Adenuga
Head of Office and Coverage Director, Nigeria and Member of Investment teams
Andrew Brown
Managing Director, Deputy Co-Chief Investment Officer and Chairman of the investment committee for Funds and Venture Capital and Financial Services equity transactions
Leandro Cuccioli
Director and Head of Manufacturing, Agribusiness and Forestry
Seema Dhanani
Head of Kenya and Coverage Director East Africa
Hayley Fenton
Investment Associate, Infrastructure - Energy Access and Efficiency
Jo Fry
Investment Director and Head of Intermediated Financial services
Craig Gifford
Head of Private Equity Funds and Co-Investments
Diana Kolar
Investment Manager, Innovative Finance
Maria Largey
Managing Director, Chief Impact Officer and Member of the Investment and Executive Committee
Srinivasan Nagarajan
Managing Director, Head of Asia and Member of the Investment and Executive Committee
Stephen Priestley
Managing Director, Financial Services Group
Rehan Rashid
Country Director, Bangladesh
Sherine Shohdy
Head of Egypt Office and Coverage Director
Abhinav Sinha
Managing Director
Tenbite Ermias
Managing Director, Africa
Chirantan Patnaik
Director, Venture Capital
Kwabena Asante-Poku
Coverage Director for Ghana and Member of Investment teams
Roman Frenkel
Director and Head of Food, Agriculture and Natural Capital
Past deals in Rwanda
BasiGo
Debt Financing in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.
BasiGo
Debt Financing in 2023
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.
ARM Cement
Debt Financing in 2018
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.
ARM Cement
Venture Round in 2016
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.
INT Towers Limited
Venture Round in 2015
INT Towers Limited owns and operates over 9,100 telecoms towers across seven regions in Nigeria. It is a wholly owned subsidiary of the IHS Towers Group – the largest independent tower operator in Africa – which has a presence in Nigeria, Cameroon, Cote d’Ivoire, Rwanda and Zambia.
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