Nairobi:British International Investment (BII), the UK development finance institution, has announced a significant new strategy in Nairobi, focusing on investing $6.7 billion in equity across Africa from 2026 to 2031. This initiative aims to attract up to $5.3 billion from private investors.
According to Africa News Agency, BII's chief executive, Leslie Maasdorp, emphasized the importance of partnerships to mobilize Kenyan savings into businesses and infrastructure development. The strategy prioritizes sectors such as financial services, sustainable industries, and power, along with trade and digital infrastructure.
BII's approach underscores its commitment to fostering economic growth and sustainable development across the African continent by leveraging both public and private sector investments.