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British International Investment

Public data, unclaimed profile

The UK's development finance institution. Assets under management: ≈ USD 12.65bn.

At a glance

Based on observed investment behaviour: 13 recorded deals

Investor type
Development finance institution (inferred, not verified)
Capital type
Development finance institution (inferred from profile)
Observed ticket
4 M$ – 137 M$, median 25.7 M$ (10 disclosed amounts)
Stated ticket : 10 M$ – 100 M$
Countries
Kenya (4), Nigeria (2), Burkina Faso (1)
Activities
Electric mobility (4), Renewable power plants: solar, wind, hydro, geothermal, biogas (2), Agritech (1)
Instruments
Equity (7), Senior debt (4)
Stages
Debt (4), Growth (3), Series A (2)
Recent activity
3 deals in 12 months, latest Sept 2026

Stated thesis versus observed behaviour

  • Sectors: 85% of its deals within its stated thesis
  • Countries: 67% of its deals within its stated thesis
  • Ticket: 70% of its deals within its stated thesis

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
4 M$ – 137 M$*
Instruments
Equity, Senior debt, Mezzanine, Guarantee
Preferred sectors
Infrastructure (all), Energy, Financial services, Agribusiness, Healthcare, Manufacturing, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Fintech*
Target geographies
Nigeria, Ghana, Kenya, Egypt, Côte d'Ivoire, Senegal, Cameroon, DRC, Uganda, Burkina Faso*, Ethiopia*, Rwanda*, Tanzania*

* added from its deals

Stages (stated by the fund and from its deals)
SeedSeries ASeries BSeries C+GrowthDebt

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Coris Holding

October 2025 · Burkina Faso
GrowthUndisclosed amountEquityFinancial servicesCo-Invest

Co-investor alongside Mediterrania Capital Partners

Activity : Banking

Instrument : Co-investissement de 100 M EUR mené par MCP

Coris Holding is a regional banking group operating across several WAEMU and West African countries through Coris Bank International.

Why they invested

  • Strengthening Coris Holding's capital base.
  • Supporting organic growth and regional expansion.
  • Financing the group's M&A strategy.
  • Strengthening SME finance and financial inclusion across the region.

Advisers

  • Asafo & Co — conseil juridique, fund side
  • Deloitte — due diligence financière et fiscale, fund side
  • IBIS Consulting — revue ESG, fund side
  • Strategy& — due diligence commerciale, fund side
  • ADNA — conseil juridique, company side
  • SEGEN Capital — conseil en transaction, company side

Co-investors BIO, FMO, Impact Fund Denmark

Source : mcapitalp.comN1 · Primary source

Odyssey Energy Solutions

September 2025 · Nigeria
Debt7.5 M$Senior debtEnergyLead

Activity : Mini-grids and rural electrification

Odyssey Secures $7.5M from BII to Scale Its Fintech Solution for Nigeria’s Off-Grid Energy Gap.

Source : launchbaseafrica.com

Ampersand

August 2025 · Rwanda
GrowthUndisclosed amountEquityEnergyCo-Invest

Co-investor alongside Seedstars Africa Ventures

Activity : Electric mobility

Vehicle : Seedstars Africa Ventures

Ampersand develops electric motorcycles and a battery-swapping and charging network for motorcycle-taxi drivers in East Africa.

Why they invested

  • Commercially deployed product in East Africa
  • Capital-efficient business model
  • Team execution capacity in an emerging market
  • Impact on clean mobility and driver economics

Co-investors Gaia Impact, Raspberry Syndicate, Rwanda Green Fund

Source : ampersand.energy

Wave

June 2025 · Senegal
Debt137 M$Senior debtFintechLead

Activity : Payments and mobile money

Wave, one of Africa’s most valuable startups, has raised a $137 million debt round to bolster its working capital and drive expansion across existing and new markets.

Co-investors Finnfund, Norfund, Rand Merchant Bank

Source : techcabal.com

SunCulture

March 2025 · Kenya
Series B4 M$EquityAgribusinessLead

Activity : Agritech

Kenyan agritech startup SunCulture has secured an additional USD 4 M investment from British International Investment (BII) to scale its solar-powered irrigation solutions.

Source : weetracker.com

BasiGo

October 2024 · Kenya
Series A42 M$EquityEnergyCo-Invest

Co-investor alongside Africa50

Activity : Electric mobility

Instrument : US$24 million in Series A equity funding, alongside US$17.5 million of debt facilities from BII and DFC

BasiGo provides electric mobility solutions and deploys electric buses in East Africa.

Why they invested

  • Accelerate the deployment of 1,000 electric buses in East Africa
  • Support a sustainable and inclusive transport sector
  • Finance the expansion of an e-mobility solution in sub-Saharan Africa

Co-investors DFC

Source : africa50.comN1 · Primary source

TerraPay

July 2024
Debt95 M$Senior debtFintechCo-Invest

Co-investor alongside IFC (International Finance Corporation)

Activity : Money transfer and remittances

TerraPay , an Africa-focused digital payments provider, has raised USD 95 M from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to affordable remittances and support livelihoods and business activity across Africa.

Source : weetracker.com

Rift Valley Energy

June 2024 · Tanzania
15 M$EnergyLead

Activity : Power generation (utility-scale)

EASTERN AFRICA Rift Valley Energy Secures $15 Million Investment to Expand Clean Energy Access...

Source : launchbaseafrica.com

Nachtigal Hydro Power Company (NHPC)

December 2018 · Cameroon
GrowthUndisclosed amountEquityEnergyCo-Invest

Co-investor alongside Africa50

Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas

Instrument : 15% equity stake

NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.

Why they invested

  • Increase reliability of Cameroon’s power sector
  • Expand access to electricity
  • Mobilize private financing for strategic energy infrastructure

Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, DEG, EDF, Emerging Africa Infrastructure Fund, FMO, IFC (International Finance Corporation), OPEC Fund for International Development, Proparco, République du Cameroun, STOA

Source : africa50.comN1 · Primary source

In short

British International Investment invests tickets ranging from 4 M$ to 137 M$, across the following sectors: Infrastructure (all), Energy, Financial services, Agribusiness, Healthcare, Manufacturing, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, and Fintech, in the following areas: Nigeria, Ghana, Kenya, Egypt, Côte d'Ivoire, Senegal, Cameroon, DRC, Uganda, Burkina Faso, Ethiopia, Rwanda, and Tanzania. Check in 30 seconds whether your company fits these criteria.