Close

British International Investment Plans $6bn African Investment

The Fund qualifies under the 2X Challenge – an initiative by the DFIs of the G7 to mobilise capital to support increased economic empowerment for women in emerging economies

British International Investment Plc plans to invest $6 billion in Africa over the next five years.

Port of Mombasa

British International Investment Plc plans to invest $6 billion in Africa over the next five years.

The investment targets renewable power and digital infrastructure areas to support women-owned businesses.

The spending, part of a $10 billion global program, includes a $76 million contribution toward a planned $500 million fund being raised by Old Mutual Ltd.’s African Infrastructure Investment Managers that was announced on Wednesday.

Moreover, at least 20 per cent of the capital committed to AIIF4 will be invested in climate finance qualifying projects which will directly contribute to reducing greenhouse gas emissions.

Additionally, AIIF4 qualifies under the 2X Challenge based on the AIIM workforce consisting of 50 per cent women and its commitment to working towards increasing entrepreneurship, employment, leadership, and consumption opportunities for women in 30 per cent of AIIF4’s portfolio companies.

Citi, British International Investment Ink $100Mn Risk-sharing Lending Deal for Africa


 

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

Leave a comment
scroll to top