British International Investment (ex CDC)

British International Investment, formerly known as CDC Group, is the United Kingdom’s development finance institution and impact investor. It is owned by the UK government and has a mandate to support private sector growth and innovation in low and middle income countries. According to its official materials, British International Investment is headquartered in London. British International Investment invests patient, flexible capital across Africa and other regions to help address major development challenges. Within Africa, its activity includes venture, seed, grant, and growth stage investments, as reflected in its backing of companies at seed, venture, and Series B stages, as well as providing grant funding. Its portfolio in the region spans sectors such as telecom and connectivity, energy and utilities, agri tech, and fintech, with investments in South Africa, Egypt, Kenya, and Nigeria. In Africa, British International Investment has supported TooMuchWifi in South Africa to expand affordable uncapped home WiFi and community hotspots, Pylon in Egypt to improve monitoring and billing across utility networks, Pula in Kenya to provide climate insurance and geospatial insights for smallholder farmers, and TeamApt Limited in Nigeria to enhance secure payment processing for banks and merchants. These investments align with its role as a development finance institution focused on productive, sustainable, and inclusive development through private sector partnerships.