British International Investment reposted this
What did we learn in 2024?
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.
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British International Investment reposted this
What did we learn in 2024?
Congratulations to our partner Gridworks Development Partners on securing a deal with the Ugandan government to evacuate up to 250MW of renewable power. Only 47% of Uganda’s population currently has access to electricity according to the World Bank and initiatives like this will help improve energy access while also growing industry, improving the climate and much more.
NEWS: We’re delivering a new independent transmission project to boost the uptake of renewable power in Uganda. ⚡️ In partnership with the Government of Uganda, we are developing the Mbale-Bulumbuli-Kween transmission line and two new substations in the eastern part of the country. The project will support Uganda in meeting its climate targets, support economic development and industrialisation, and increase energy access. ☀️ This work will enable the evacuation of up to 250 MW of renewable generation in the Mount Elgon area onto the national grid. This includes up to 100MW from existing and planned hydropower plants and 150MW of power from a new solar park near Bulambuli. It is the second privately financed transmission project we’re developing in Uganda. Read more here: https://lnkd.in/e8BiHEap British International Investment Andrew Herscowitz Todd Moss Mohamed Rali Badissy Lisa Chesney, MBE Leslie Maasdorp
What did we learn in 2024?
🌍 Driving Towards a Greener Future 🌍 Road transport contributes to 12% of India’s energy-related CO2 emissions and significantly impacts air quality. To combat this, the country needs more electric vehicles (EVs), and we are committed to supporting the development of the industry to achieve this goal. 🚗 One of our latest investments is in TI Clean Mobility, a company focused on designing and manufacturing a range of EVs, including three-wheelers, trucks, small commercial vehicles, and tractors. 💡 Our investment will help meet the capital requirements to scale the manufacturing of low-carbon vehicles and create inclusive jobs at scale. 🍃 This investment is part of our strategy to address the multifaceted challenges of EV adoption. By supporting pioneering companies in the EV sector, we aim to promote a cleaner future for road transportation. ▶️ You can find out more about the investment in the video below. 🔗 And read more about our recent investments in the sector here: https://lnkd.in/ed3zYWVC
We sat down with Benedicta Wontumi, Head of Credit Risk at Growth Investment Partners (GIP) Ghana, a platform founded by BII, to discuss GIP's support for women-owned and led businesses. We spoke about the barriers faced by women and their businesses in Ghana as well as what GIP is doing to help overcome these. Watch the video below to learn more about GIP's work, how the current investment ecosystem can better support women entrepreneurs, and the role BII is playing to make this all a reality. And find out more generally about BII’s work to make our investments work for women in our recent report, ‘Closing the gap: Lessons from six years of investing in women’ here https://lnkd.in/e2uKT84p. Kwabena Asante-Poku Jnr, CFA
British International Investment reposted this
We’re proud to support TradeDepot, a platform empowering informal retailers in Nigeria, especially women-led microbusinesses, with easier access to goods and financial services. In this video, shop owner Anthonia explains how she has built a successful business since becoming a TradeDepot customer. A recent survey of TradeDepot customers – 67% from low-income households – revealed that 90% saw an improvement in their quality of life. Women, who make up the majority of TradeDepot users, are 10% more likely than men to report positive change. One way TradeDepot helps retailers is allowing them to buy stock without having to travel to the market – so they can stay open and save on transport costs. This gives them flexibility to operate their business in a way that suits them. #WomenInBusiness #FinancialInclusion #EmpoweringEntrepreneurs #InclusiveGrowth #DigitalTransformation #ImpactInvesting #DevelopmentFinance #SustainableDevelopment #SmallBusinessSupport #RetailInnovation #NigeriaBusiness #FemaleEntrepreneurs #Microbusinesses #EconomicEmpowerment #SocialImpact
We're pleased to hear the news that Tyme Group, the digital bank originally launched in South Africa, has secured a groundbreaking $250 million investment, including $150 million from NuBank, one of the world’s largest digital financial service platforms. The investment will help continue the transformation of the company from a financial inclusion champion in South Africa into a global digital bank. It is delivering financial products to tens of millions of people who have historically been excluded from accessing such vital services. BII was an early investor in Tyme and we are delighted it will now be pioneering digital financial services to transform lives in other regions. You can read more here: https://lnkd.in/e-mZUbRG #FintechInnovation #FinancialInclusion #AfricaRising #DigitalFinance #ImpactInvesting #SustainableDevelopment #FutureOfBanking #CrossBorderPayments Joshua Bell Sagrika Gogia Louise Finnegan Maximilian Biswanger
Electric vehicles play a pivotal role in reducing transport emissions and airborne pollution in India. We are committed to driving EV adoption by investing across the supply chain and addressing the barriers to accelerating energy transition. One of these investments includes Battery Smart. Battery Smart is building India’s largest network of battery-swapping stations for commercial two and three-wheeler electric vehicles. It aims to make EV more accessible and affordable for the mass market. Drivers of electric vehicles simply handover their depleted batteries at a Battery Smart station and get a fully charged battery in exchange. This means drivers can be on the road for longer and maximise their earning potential without having to invest in their own batteries. It builds on our existing EV portfolio in India. These pioneering companies in the electric vehicle sector aim to promote cleaner transportation alternatives. #Sustainability #GreenFinance #ClimateAction #RenewableEnergy #SustainableInvesting #India Watch the video to learn more
British International Investment reposted this
Continuing to support female entrepreneurs and partnering with companies to create better opportunities for women in the workforce, is key a focus for BII. Along the way we have learned a lot and each lesson contributes to charting the way forward. Our Head of Gender and Diversity, Sonia Jordan-Kirwan reflects on the success of gender-lens investing, sharing six of her learnings in our report: https://lnkd.in/e2uKT84p We will be sharing some of these lessons but for the full report and key data, please click the link above. #GenderInvesting #InclusiveFinance #EmpoweringWomen #ImpactInvesting #WomenInFinance #GenderEquality #InvestmentForImpact #SustainableFinance #FinancialInclusion #InvestInWomen #GenderLensInvesting #EqualityInEconomics #WomenEmpowerment #EconomicInclusion #SocialImpact
Supporting female entrepreneurs and creating better opportunities for women in the workforce, is not only smart, it's the right thing to do. We are committed to it and have learned a lot while doing it. Our Head of Gender and Diversity, Sonia Jordan-Kirwan reflects on the success of gender-lens investing, sharing six of her learnings in our report: https://lnkd.in/e2uKT84p For the full report and key data, please click the link above. #GenderInvesting #InclusiveFinance #EmpoweringWomen #ImpactInvesting #WomenInFinance #GenderEquality #InvestmentForImpact #SustainableFinance #FinancialInclusion #InvestInWomen #GenderLensInvesting #EqualityInEconomics