British International Investment

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.

Samir Abhyankar

Managing Director and Head of Direct Private Equity

Benson Adenuga

Head of Office and Coverage Director, Nigeria and Member of Investment teams

Andrew Brown

Managing Director and Deputy Chief Investment Officer

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

Murray Grant

Managing Director, Intermediated Equity

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 West Africa

InfraCredit

Debt Financing in 2024
InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

Ecobank

Post in 2024
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

Sonatel

Debt Financing in 2024
The Sonatel group offers global telecommunications solutions in the fields of fixed, mobile, Internet, television and data serving individuals and businesses. Leader in Senegal, present in Mali since 2002, in Guinea Conakry and Guinea Bissau since 2007, Sonatel is the global and sub-regional operator of reference. Sonatel has built a modern network, fully digitized by transmission loops and international connections using high-speed optical fiber submarine cables. Sonatel has one of Africa's largest Internet bandwidths of 6.5 Gbps. Sonatel is a structuring company for the economy of his country and has made Senegal a hub of traffic and a major player in the development of telecommunications in Africa and in the world. Through its Orange brand, the Sonatel Group provides its millions of consumers with the best opportunities for convergence between mobile, internet and television technologies.

Access Bank

Debt Financing in 2023
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

TradeDepot

Debt Financing in 2023
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.

Bboxx

Debt Financing in 2022
BBOXX designs, manufactures, and distributes solar power systems aimed at improving energy access in Africa and other developing regions. The company focuses on providing off-grid solutions, including solar kits, residential solar installations, and energy kiosks, enabling consumers in rural areas to experience reliable electricity similar to that in western countries. By creating innovative distribution methods, BBOXX seeks to meet the energy needs of underserved populations while ensuring superior customer service. Its operations extend to countries such as Sierra Leone, Kenya, Somalia, and Pakistan, where the company strives to enhance energy management and power production in off-grid environments.

TeamApt

Series B in 2022
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.

TradeDepot

Series B in 2021
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.

Ecobank

Post in 2021
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

TeamApt

Series B in 2021
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.

Stanbic IBTC Pension Managers

Debt Financing in 2020
Stanbic IBTC Pension Managers Ltd. is a prominent provider of pension fund services in Nigeria, operating as a subsidiary of Stanbic IBTC Holdings PLC. The company specializes in retirement savings accounts, fund administration, and voluntary contribution services, catering to the diverse needs of individuals planning for their retirement. With a commitment to enhancing financial security for its clients, Stanbic IBTC Pension Managers offers innovative solutions that support long-term savings and investment growth. The firm plays a critical role in Nigeria's pension landscape, ensuring that clients can effectively manage their retirement funds through various tailored services. By leveraging its affiliation with Stanbic IBTC Holdings PLC, which has a strong reputation in the financial services sector, the company aims to meet the evolving demands of the market and contribute to the overall development of retirement planning in Nigeria.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Bboxx

Debt Financing in 2019
BBOXX designs, manufactures, and distributes solar power systems aimed at improving energy access in Africa and other developing regions. The company focuses on providing off-grid solutions, including solar kits, residential solar installations, and energy kiosks, enabling consumers in rural areas to experience reliable electricity similar to that in western countries. By creating innovative distribution methods, BBOXX seeks to meet the energy needs of underserved populations while ensuring superior customer service. Its operations extend to countries such as Sierra Leone, Kenya, Somalia, and Pakistan, where the company strives to enhance energy management and power production in off-grid environments.

Jumia Group

Venture Round in 2019
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

PEG

Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Indorama Fertilizers

Debt Financing in 2018
Indorama Fertilizers operates a world-class, 1.4 million metric tonnes per annum urea manufacturing facility based in Port Harcourt, Nigeria. The plant has been developed to global environmental, social and construction standards. It plays a key role in supporting the agricultural sector in Nigeria by providing a reliable supply of fertilizers for local farmers, thereby enabling import substitution and supporting the diversification needs of the Nigerian economy. Indorama Fertilizers is also advantageously located to serve neighboring West African countries and key Western hemisphere markets, including North America, South America and Europe

Solon Capital Holdings

Venture Round in 2017
Solon Capital Holdings is an investment holding company based in Sierra Leone.

Amandi Energy

Debt Financing in 2016
Amandi Energy operates a power plant in Ghana, focusing on the generation of electricity to support local industry and infrastructure. The company specializes in the design, construction, installation, commissioning, and maintenance of combined cycle gas turbines. By providing these services, Amandi Energy aims to help clients mitigate brownouts and address the existing shortfall in electricity generation capacity within the region.

Jumia Group

Series C in 2016
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

IHS Nigeria

Debt Financing in 2015
IHS Nigeria plc is a mobile telecommunications infrastructure provider based in Lagos, Nigeria. Established in 2001, the company operates in Nigeria, Sudan, Ghana, and the United Arab Emirates, offering a range of services including turnkey infrastructure deployment, managed services, and infrastructure sharing and leasing. IHS Nigeria specializes in telecommunications network construction, which encompasses site acquisition, design, equipment supply, and installation. The company also provides various tower sharing options, such as build-to-suit and buy-lease-back agreements. Additionally, IHS Nigeria offers infrastructure managed services, including field maintenance, project management, and network optimization. The firm also sells telecom equipment and, as of July 2013, managed a portfolio of approximately 8,500 towers.

Jumia Group

Series C in 2014
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

Azura-Edo IPP

Debt Financing in 2014
Azura-Edo IPP is a 450MW open cycle gas turbine power station located in Nigeria and represents the inaugural project of Azura Power Holdings. After more than six years of development, financial closure for Phase 1 was achieved on December 28, 2015, with construction commencing shortly thereafter on January 5, 2016. The project is being executed by a consortium that includes Julius Berger Nigeria, a leading construction firm, and Siemens, a prominent global power company. Azura-Edo IPP aims to contribute significantly to Nigeria's energy infrastructure by providing a sustainable power generation solution, with expectations to begin electricity production by the end of 2018. Additionally, the company focuses on the development and operation of large-scale gas-fired power generation facilities throughout Nigeria and West Africa.
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