How British International Investment is supporting African businesses

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SMEs are the life source of employment in Africa, and BII is helping to finance them

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

We also provide trade finance lines through a number of the pan-African banks which are utilised by SMEs across the continent such as our $100 million risk-sharing facility with Citi Bank to support local businesses in frontier and developing economies. What challenges and risks do you foresee in the African market, and how does BII navigate and mitigate them?

Overall, the cost of capital has escalated around the world, particularly in the last 18-24 months. In Africa particularly, the cost of doing business remains prohibitive in parts of the continent and this is mainly because of the lack of basic infrastructure such as paved roads, electricity, transparent framework etc. Currency devaluation and therefore related risk have also constrained opportunities for exits in investments.

Political risk remains in sharp focus, but by leveraging the deep local partnerships I just referred to, we can better manage risks that present themselves. This helps us respond to and design innovative platforms to boost investment, for example in clean energy such as Globeleq, and Gridworks. Our investment tool kit includes equity, debt, guarantees, syndication models, and capital market instruments such as bonds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: Kenya's Ruto Urges Africa to Cut Aid Reliance, Boost Healthcare InvestmentKenya's President William Ruto called for Africa to reduce its reliance on foreign aid and push for self-reliance in healthcare at the launch of a new financing program aimed at transforming the continent's medical sector.
Source: allafrica - 🏆 1. / 99 Read more »

African leaders in Beijing eyeing big loans and investmentChina has expanded ties with African nations in the past decade, furnishing them with billions in loans that have helped build infrastructure but also sometimes stoked controversy by saddling countries with huge debts.
Source: eNCA - 🏆 49. / 51 Read more »

Ramaphosa meets Elon Musk in US for R2 trillion investment drivePresident Cyril Ramaphosa recently met with South African-born billionaire Elon Musk during his trip to the United States, where he is spearheading a R2-trillion investment campaign.
Source: CapeTownEtc - 🏆 17. / 63 Read more »

For an effective savings and investment strategy, balance is keyA balanced savings and investment portfolio is essential for long-term financial health, covering an emergency fund, savings for short- and medium-term goals and long-term investments.
Source: TheSAnews - 🏆 25. / 59 Read more »

Everest Wealth’s alternative investment strategy offers stability amid South Africa’s economic challengesEverest Wealth, a private investment firm, is pivoting to private equity and alternative investments to provide stability and growth during these challenging times.
Source: mybroadband - 🏆 11. / 67 Read more »

Coalition government triggers wave of investmentSouth Africa’s coalition government has triggered a wave of investment announcements and positive sentiment not seen in years.
Source: TechCentral - 🏆 8. / 71 Read more »