Africa: A Look Into the British DFI's Plan to Invest in African Economies, Venture Funds and Tech Startups

30 June 2022
TechCrunch (San Francisco)
By Tage Kene-Okafor

British International Investment wants to invest $6 billion in Africa over five years

On April 4, the U.K.'s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment.

As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion in Africa over the last two years. It was a reminder of the series of work BII had accomplished on the continent leading to this point: over 600 portfolio businesses with a value of $4.2 billion. Nigeria is its biggest investment market in Africa, with a portfolio of $570 million.

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