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Annual Review 2024

Being bold about impact is ingrained in what we do. From venturing into regions often overlooked by others and supporting entrepreneurs with new ideas and solutions, to innovating to unlock private capital and building markets.

Our distinctive approach is not just about capital. It’s about fresh thinking, tenacity and partnership. In 2024, in a world grappling with interconnected challenges, these were required more than ever. Whether making a positive difference to people's lives or enabling clean and sustainable growth, our work is rooted in advancing development.

Hear from our leadership

BII Board CardChair’s statement

“In an increasingly unpredictable geopolitical environment, our investments are critically important.”

Diana Layfield Chair

BII Board CardCEO’s statement

“Now more than ever, we need to be bold about our impact and ensure we bring others along with us.”

Leslie Maasdorp CEO

Our investments in numbers

We combine passionate teams, a commitment to partnerships and the determined pursuit of innovative solutions. We positively impact lives today and build a foundation for a better tomorrow, while delivering a financial return for the UK taxpayer. Here is what that means in numbers.

Investments that improve lives, our planet and economies

Fairer futures for cocoa farmers

Fairer futures for cocoa farmers

Backing Johnvents encourages sustainable cocoa sourcing that supports smallholder farmers in Nigeria.

87%

farmers report higher earning through Johnvents

Investment name: Johnvents
Location: Nigeria

Investment type: Catalyst Portfolio

Backing the potential of small businesses

Backing the potential of small businesses

Our lending is expanding access to finance for up to 3,500 MSMEs and women-led businesses in Bangladesh.

80%

of Bangladesh’s population work for MSMEs

Investment name: BRAC Bank
Location: Bangladesh
Investment type: Growth Portfolio

Powering South Africa’s shift to clean energy

Powering South Africa’s shift to clean energy

By backing one of the world’s largest solar-battery projects we’re helping to bring reliable power to South Africa, and empowering women along the way.

540MW

clean energy powering South Africa’s communities

Investment name: Kenhardt Solar Project
Location: South Africa

Investment type: Growth Portfolio

Building the infrastructure for India’s green transition

Building the infrastructure for India’s green transition

This innovative partnership is developing transmission and battery storage projects across India.

$1.2bn

estimated total project value

Investment name: EnerGrid
Location: India
Investment type: Growth Portfolio

A cleaner future for public transport

A cleaner future for public transport

Our investment in BasiGo is helping Kenya and Rwanda switch to electric buses, cutting carbon emissions and making city travel safer.

1,600

tonnes of CO₂ emissions saved by BasiGo’s e-bus fleet

Investment name: BasiGo
Location: Kenya and Rwanda
Investment type: Kinetic Portfolio

Empowering entrepreneurs